Minnesota Rural Pharmacist Loan Forgiveness Program
The purpose of Minnesota’s Loan Forgiveness program is to recruit and retain health care professionals to needed areas and facilities in Minnesota. Loan Forgiveness is an important benefit for healthcare professionals as well as health care facilities and communities experiencing a shortage of access to primary care services.
The Rural Pharmacist Loan Forgiveness Program provides funds for repayment of qualified educational loans for pharmacists. Applicants are responsible for securing their own educational loans. Credit card or loans from family members do not qualify. Qualified loans include government, commercial, and foundation loans for actual costs paid for tuition, reasonable education and living expenses related to the graduate or undergraduate education of a healthcare professional.
This is a competitive selection process. Selections are made based on suitability for practice as indicated by personal and professional experience and training noted on an application, as well as preference is given to those closest to completing their training. Preference will be given to applicants who document diverse cultural competencies. The number of applicants ORHPC may select for participation varies annually and is contingent upon state funding.
Minimum service obligation: Serve 3 years minimum/4 years maximum in rural area
Annual repayment amount: $20,000
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Consolidation loans
- Perkins loans
- Health Professions Student Loans (HPSL)
- Private student loans
The application process is handled by WebGrants at the Minnesota Department of Health.
Program administrator: Brenda Flattum, 651-201-3870, [email protected]