Overview Of Virginia Loan Repayment Program

2009-01-12 14:40:56

( Financial )



Study now, pay later.

Medicine is one of the expensive branch of medicine. If you are planning to study medicine but do not have money, then you could consider Virginia Loan Repayment programs.

VA loans could be paid if you would offer medical services to the rural areas of Virginia. The Virginia Loan Repayment Programs are established so that the people who are living in the under served areas of Virginia could avail of free medical services in exchange of the education of the medical personnel.

The commonwealth of Virginia is fully-funding the Virginia loan repayment programs. Virginia dollars are used for this VA loans. If you have applied for the Virginia Loan Repayment Program and you are accepted, then you could receive up to 25,000 dollars a year. Do not think that you would give free medical services for a very long time because the minimum years in which you have to pay for your loan is 2 years. But this depends on the amount that you actually loaned and the interest for your loan.

How would you know if you are breaching your application for Virginia Loan Repayment Program? You would only fail to finish your application if you do not finish your medicinal studies by being dismissed in the medicinal school and by failing to maintain the academic standard required by your medicinal school. You could also fail to finish your application if you have served for less than 2 years or if you have terminated your application for services after you have worked for 2 years when in fact your contract is for more than 2 years.

There are other kinds of loan programs that you could apply for. Some of them are: National Health Service Corps (NHSC) Loan Repayment Program, Dental Loan Repayment Program, NCMHD Educational Loan Repayment, and National Institutes of Health Loan Repayment Program.


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