How to Fight the Opioid Crisis & Your Student Loan Debt
Introduction
The opioid epidemic and skyrocketing student loan debt are two of the nation’s most publicized challenges. On average, 130 Americans die every day from an opioid overdose according to the CDC. Meanwhile, student loan debt has crept up to more than $1.5 trillion. The Health Resources & Services Administration recently launched a program that tackles both issues. Here's what you need to know about this student loan repayment opportunity.
Image Description: A graphic showing the overlap of the opioid crisis and student loan debt.
What Does the Program Offer?
The program provides up to $75,000 in student loan repayment. To be eligible for the money, a health care worker must spend three years providing full-time or part-time substance use disorder treatment services at an NHSC-approved site. Those who work full-time (40 hours per week) are eligible for the full $75,000. Part-time employment qualifies for as much as $37,500.
Image Description: Infographic summarizing the loan repayment amounts for full-time and part-time work.
Eligibility Requirements
The program targets specific health care roles including physicians, nurse practitioners, certified nurse midwives, physician assistants, behavioral health professionals, registered nurses, and substance use disorder counselors. Applicants must also be U.S. citizens. Priority is given to applicants who are licensed or certified in substance use disorder intervention.
Image Description: Infographic showing the eligibility criteria for the loan repayment program.
Where to Find Qualifying Jobs
The program requires working in an underserved area of need. The Health Workforce Connector site helps clinicians find locations around the country where there are job openings that qualify. This incentive is crucial for vulnerable communities to attract high-quality providers.
Image Description: A map showing underserved areas with job openings for the program.
Application Deadlines
The deadline for the first round of applications is approaching quickly. Submissions must be received by 7:30 p.m. EST on Feb. 21. Future application windows will be available, so signing up for email alerts about the program is recommended. Successful applicants will receive payment 90 days after the award notice.
Image Description: A calendar highlighting the application deadline for the program.
Conclusion
The NHSC Substance Use Disorder Workforce Loan Repayment Program offers a substantial opportunity for healthcare workers to alleviate their student loan debt while contributing to the fight against the opioid crisis. By understanding the program's offerings, eligibility requirements, and application process, healthcare professionals can make informed decisions to benefit their careers and communities.
Image Description: Infographic summarizing the key points of the NHSC Substance Use Disorder Workforce Loan Repayment Program.
