Student Loan Repayment Assistance available now

Mental Health and Addiction Professionals have until Feb. 15 to apply

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Indiana’s Loan Repayment Assistance Program for Mental Health and Addiction Professionals is currently accepting applications to provide loan repayment assistance to eligible psychiatrists, addiction psychiatrists, psychologists, psychiatric nurses (including psychiatric nurse practitioners), addiction counselors and mental health professionals. Applications must be submitted by February 15, 2016, for consideration and are available on the state’s loan repayment website at www.in.gov/fssa/dmha/2892.htm. This is the second year for this program. In its first year, Indiana repaid loans for 66 recipients totaling $513,600.00 in funding.

  • A recipient must be licensed or on a licensure track.
  • A recipient must be
- An Indiana resident accepting a new position in Indiana, or
- A non-Indiana resident, who is not currently practicing and has not practiced in Indiana for 3 years before applying for the program. These applicants must also be moving to Indiana to establish a new practice.
  • A recipient must be employed full-time, which is a minimum of 30 hours per week.
  • A recipient must not be in default on repayment of any federal student loans.

The program will award up to 25 percent of the awardee’s student loan debt, not to exceed $25,000 per year, for up to four years. The exception is for an addiction psychiatrist who can apply for assistance for up to five years. An evaluation tool will be used by the Mental Health and Addictions Development Programs board to determine the awardees.

Email DmhaHB1360@fssa.in.gov or call 317-232-7800 for additional information about the program or visit the loan repayment website.

The Loan Repayment Assistance Program was approved by the Indiana General Assembly (HB 1360) in 2014 and is managed by the Indiana Family and Social Services Administrat-ion’s (FSSA) Division of Mental Health and Addiction (DMHA).

 

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