By the time many researchers have completed their education and training, they have amassed on average $160,000 in student loan debt. The NIH Loan Repayment Programs (LRPs) are a set of programs established by Congress and designed to recruit and retain highly qualified health professionals into biomedical or biobehavioral research careers. The LRPs counteract early-career researchers’ financial pressure by repaying up to $35,000 annually ($70,000 over a two-year contract) of a researcher’s qualifying educational debt in return for a commitment to engage in research areas important to the mission of NIH.
Nearly 1,400 scientists benefit from the $68 million NIH invests each year through the extramural LRPs. On average, nearly 50% of all new LRP applications are funded, and these awards are competitively renewable (for a one or two-year period) until all educational debt is repaid.
The NIH LRPs application cycle is open from September 1 – November 15, 2018, so NOW is the time to learn more about the five extramural NIH LRPs and apply for your lifeline TODAY.