An NIH Student Loan Repayment Program

The National Institutes of Health Office of Management Assessment website has a section describing their NIH Student Loan Repayment Program. Quoting from the webpage:

This issuance summarizes the policies and procedures governing when NIH may repay certain outstanding Federally-insured student loans (see Section E for list of qualifying loans) to facilitate the recruitment and retention of highly qualified Federal candidates and employees. Recipients will be determined on a case-by-case basis based on organizational need, specific case justification, and budget limitations.

Employees and candidates who are eligible to apply for the Student Loan Repayment Program (see Section D) may be considered for loan repayment assistance up to $10,000 per calendar year, with a $60,000 lifetime maximum for any individual. Individual loan repayments are made on an annual basis and more than one loan may be repaid as long as the combined repayments do not exceed the annual and lifetime limits.

One of the burdens college graduates face is repayment of loans secured to pay their college expenses. Those bills can be considerable given the high cost of higher education. Jobs offering benefits which include repayment options can be particularly attractive. Loan repayment assistance just might make the difference in deciding whether or not to take a position with the NIH.