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. Ineligible loans include those consolidated with another individual (including spouses, children, etc.), loans not in a current pay status, loans obtained after an LRP contract has been signed by the NIH, or noneducational loans, such as home equity loans. In addition, the NIH will not repay penalty, late, or delinquency fees or extraordinary interest incurred due to the lateness of prior payments. For more information on eligible and ineligible loans, see the Loan Information section of the LRP Web site. • Are the loan repayment benefits taxable? Loan repayment benefits represent taxable income for LRP participants. Concurrent with each loan repayment, the LRP makes paym
