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How are loan repayment funds paid out?

April 26, 2017funds loan paid repayment

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How are loan repayment funds paid out?

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Funds are electronically issued to participants approximately 90 days after the contract start date. If the total amount of the participant’s qualifying educational loans is less than $50,000, the NHSC LRP will pay the remaining balance of the total qualifying educational loans for two (2) years of service. The loan repayments are exempt from Federal income and employment taxes. You will need to talk to your lender about advanced payments.