Loan Repayment Program Pairs Doctors, Communities in Need
Iowa College Aid today announced that 16 health care professionals will receive loan repayment benefits totaling $705,000 as part of a state program to attract health care professionals to high-need Iowa communities. The Health Care Professional Loan Repayment Program assists professionals who practice in designated communities for up to four years and whose communities agree to provide a dollar-for-dollar match.
“This program is instrumental in drawing health care providers to many of Iowa’s rural communities,” said Karen Misjak, executive director of Iowa College Aid. “It’s a successful partnership between the state and communities that want to ensure their residents have access to expert health care.”
This year’s recipients include osteopathic doctors, physician assistants, podiatrists and physical therapists. With the addition of these 16 recipients, a total of 45 health care providers are serving Algona, Atlantic, Boone, Britt, Carlisle, Carroll, Centerville, Cherokee, Corydon, Dunlap, Eagle Grove, Forest City, Greenfield, Grinnell, Gowrie, Guthrie Center, Hampton, Harlan, Humboldt, Ida Grove, Indianola, Jefferson, Keosauqua, Lake City, LeMars, Manchester, Marshalltown, Mason City, Osage, Ottumwa, Perry, Pocahontas, Shell Rock, Spirit Lake, Storm Lake, Toledo, Waverly, Webster City, West Burlington, West Union and Woodbine.
The $705,000 awarded to the latest 16 recipients will be paid over a four-year period. The maximum annual award is $12,500 for up to four years. The average aggregate award for this year’s recipients was $44,063. For more information on the Health Care Professional Loan Repayment Program or other loan repayment programs provided by the State of Iowa, visit Iowa College Aid’s website at iowacollegeaid.gov.