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Loan Information
Loans Qualifying for Repayment
Documenting Loans
Financial Obligations Not Qualifying for Repayment
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Loans Qualifying for Repayment
The NICHD will repay lenders for the extant principal and
capitalized interest,
interest that accrues during your LRP Contract, and related expenses (such as the required
insurance premiums on the unpaid balances of some
loans) of loans obtained from a qualified U.S. Government entity (Federal, State, local), or chartered U.S.
academic or commercial lending institutions
that is subject to examination and supervision in its capacity as a lending institution by an agency of the United States or of the State in which the lender has its principal place of business, obtained by
participants for the following:
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undergraduate and graduate tuition expenses;
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all other reasonable educational expenses such as
fees, books, supplies, educational equipment and
materials required by the school, and laboratory
expenses; and
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reasonable living expenses such as the costs for room
and board, transportation, commuting and other costs
incurred during an individual's attendance at school
as determined by the Secretary.
Documenting Loans
A copy of the promissory note and lender disclosure
statement for each outstanding loan must be submitted
by individuals identified to receive a loan repayment contract. This
may be obtained upon request to the lenders.
Applicants must complete a Loan Verification Form
(these forms are submitted electronically, and can be
found at www.lrp.nih.gov) for each
loan to be considered for repayment. The most current
balance of each loan--principal plus interest plus loan
expenses (such as the required insurance premiums on
the unpaid balances of some loans)--should be
determined as accurately as possible and reported by
the applicant on each form. This enables the CIR-LRP to
reserve adequate funds for loan repayments under the
contract should the applicant become a CIR-LRP
participant. The CIR-LRP will send the loan
verification forms to each lender for verification.
Please provide the correct address for each lender.
If the CIR-LRP is unable to obtain adequate loan
verification from the lender, the applicant may be
asked to submit other documentation, such as copies of
the original loan application, to document that the
loan (or a stated portion of the loan) was obtained for
the educational purposes
stated previously.
Financial obligations not qualifying for repayment include:
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Loans not obtained from a government entity, academic
institution, or a commercial or other chartered
lending institution such as loans from friends,
relatives, or other individuals;
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Loans for which contemporaneous documentation (e.g.,
promissory notes or lender disclosure
statements) is
not available;
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Loans or portions of loans obtained for educational
or living expenses which exceed a reasonable level,
as determined by the standard school budget for the
year in which the loan was made, and are not
determined by the LRP to be reasonable based on
additional contemporaneous documentation provided by
the applicant;
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Loans, financial debts, or service obligations
incurred under the following programs, or other
programs which incur a service obligation which
converts to a loan on failure to satisfy the service
obligation (unless a deferment of the service obligation is
obtained):
Physicians Shortage Area Scholarship Program
(Federal or State)
National Research Service Award Program
Public Health and National Health Service Corps
Scholarship Program
Armed Forces (Army, Navy, or Air Force) Health
Professions Scholarship Program
Indian Health Service Scholarship Program;
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Delinquent loans, loans in default, or loans not current in their payment schedule;
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Late fees, penalty fees, additional interest charges or collection costs will not be repaid by the NICHD;
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PLUS Loans;
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Any loan that has been consolidated with a loan of another individual;
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Loans or "scholarship" arrangements which impose financial obligations upon the applicant if service is not performed;
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Loans which have been paid in full;
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Loans for graduate studies obtained following entry
into the CIR-LRP; or
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Loans obtained after the execution of the NIH Loan
Repayment Program Contract (e.g., promissory
note signed after the program effective date).
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