How much are the repayment benefits? How long are they available?
The LRPs can repay up to $35,000 annually toward the outstanding eligible educational debt of LRP participants, depending on the total eligible debt of the participant. In return, LRP participants must sign a contract agreeing to conduct qualifying research activities for a 2-year consecutive period. Participants may competitively apply for 1-year renewal contracts and receive additional loan repayment benefits. The actual annual amount repaid depends on the total eligible repayable debt. To estimate how much you can have repaid, depending on your debt, see Extramural Appendix III of the LRP Website. • What loans qualify for repayment? What loans are ineligible? The LRP will repay lenders directly for the extant principal and capitalized interest, interest that accrues during the LRP Contract, and related expenses of qualified U.S. Government (Federal, State, local) and commercial educational loans obtained for undergraduate, graduate, and health professional school expenses. Ineligibl
