We are pleased to announce that the Fiscal year 2021 NIH Loan Repayment Program (LRP) application cycle opened on September 1, 2020 (closing on November 15th). LRP award funds repay a recipient’s qualified educational debt in return for a commitment to engage in NIH mission-relevant research at a domestic, nonprofit, or government entity. Continue reading
Repaying educational debt is one thing, but what other benefits might these programs provide? To answer this question, my colleagues compared individuals that applied for and received an LRP with those who applied but did not receive an LRP award between fiscal years (FYs) 2003-2009. Their history of productivity was followed through FY 2017. More specifically, we assessed pulled information on grant submissions, awards, and publications in a sample that was equalized to control for baseline differences. Continue reading
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. Continue reading
As I reflect on the research training I received during and after medical school, I recall how lucky I was that I did not have much resulting debt and severe financial constraints that could interfere with my research career. Unfortunately, today’s aspiring physician scientists are often mired in debt. The Association of American Medical Colleges estimates that two-thirds of medical students graduate with debt, with 80% of those students owing at least $100,000.
How can we alleviate the rising debt accrued during biomedical training for those investigators seeking a foothold in the lab? The NIH loan repayment programs (LRPs), managed inside the Office of Extramural Research, is one approach the NIH is utilizing to stabilize career trajectories for talented investigators. My predecessor, Dr. Sally Rockey, understood and also championed the impact of the LRPs, and I share her enthusiasm. …. Continue reading