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Veterinary Medical Loan Repayment Program – Applications due November 9 2020

  |   Practice Management

USDA’s Veterinary Medicine Loan Repayment Program (VMLRP), authorized by the National Veterinary Medical Services Act (NVMSA) helps qualified veterinarians offset a significant portion of the debt incurred in pursuit of their veterinary medicine degrees in return for their service in certain high-priority veterinary shortage situations. The National Institute of Food and Agriculture (NIFA) will carry out NVMSA by entering into educational loan repayment agreements with veterinarians who agree to provide veterinary services in veterinarian shortage situations for a determined period of time.

If you commit to at least three years to providing veterinary services in a designated veterinary shortage area, NIFA may repay up to $25,000 of your student loan debt per year. Loan repayment benefits are limited to payments of the principal and interest on government and commercial loans you received for the attendance at an accredited college of veterinary medicine resulting in a degree of Doctor of Veterinary Medicine or the equivalent.

The Applicants section is for veterinarians interested in applying for a VMLRP award. The application period for the FY 2021 cycle closes on November 9 2020. Please review the information in each link before starting an application. An individual may submit only one application per cycle.

In the interest of moving things along, here are the important points related to VMLRP:

 

Posted October 9, 2020