CHAPTER TEN

LOAN REPAYMENT/FORGIVENESS PROGRAM

Loan Repayment and Forgiveness Program (LRP) offer alternative options to traditional programs.

Some are "front end" programs‚ in which individuals borrow or accept scholarship funds with a commitment to fulfill a specified service at the completion of their educational program. Some are "back end" forgiveness programs‚ that pay specified amounts for educational debt incurred while in school in return for a specified service.

In the state of New Jersey‚ The Primary Care Physician and Dentist Loan Redemption Program was created to alleviate the states mal–distribution of primary care physicians and dentists in rural and inner urban areas. The LRP assists physicians and dentists who agree to work in an underserved area by redeeming coupons to reduce educational debt incurred during medical and dental school up to $70‚000.00 over a four (4) year period‚ in return for service in an underserved area of the state.

For additional information contact:

Primary Care Physician and Dentistry Loan Redemption Program of New Jersey

65 Bergen Street‚ 14th Floor

University Heights
Newark‚ New Jersey 07107–3001

(973) 972–4605

Information on programs other than New Jersey can be found in the publication "State and Other Loan Repayment/Forgiveness and Scholarship Programs" Third Edition written by the Division of Students Affairs and Education Services‚ Association of American Medical Colleges‚ Washington‚ D.C. The entire publication is available on the web at http://www.aamc.org/about/gsa/stloan/start.htm.

Dental students can also contact the Division of Government Affairs of the American Association of Dental Schools or visit their website at www.aads.jhu.edu.