Loan Repayment Program for General Research - (NIH General Research Loan Repayment Program GR-LRP) - #93.232
Types of Assistance
Project Grants
Range and Average of Financial Assistance
(Loan Repayment) For initial 3-year contracts, loan repayment awards may range from $6,000 to $105,000; Tax reimbursements range from $2,966 to $51,896. The average contract cost which includes loan and tax reimbursement is $102,000.
Length and Time Phasing of Assistance
Assistance is available for a minimum 3-year period. One-year continuation contracts are available for individuals whose educational debt exceeds the maximum repayable amount for 3 years. Payments will be made directly to lenders, following each quarter of the participant's satisfactory service, unless otherwise agreed upon by the participant and Secretary of Health and Human Services. Method of awarding/releasing assistance: quarterly.
Renewals
From 90 to 120 days. At the conclusion of the initial 3-year contract, participants may apply and be considered for subsequent 1-year continuation contracts under the application and approval procedures specified above.
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