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Trans-NIH Recovery Act Loan Repayment Support - #93.704

Direct Payments For Specified Use




For initial two-year contract periods, loan repayments awards may range from $2,298 to $70,000; Tax reimbursements range from $1,040 to $31,679. The average contract cost which includes loan and tax reimbursement is $48,718.

For initial two-year contract periods, loan repayments awards may range from $2,298 to $70,000; Tax reimbursements range from $1,040 to $31,679. The average contract cost which includes loan and tax reimbursement is $48,718. See the following for information on how assistance is awarded/released: Not available.

At the conclusion of the ARRA 2-year contract, participants may apply and be considered for subsequent 1 or 2-year continuation contracts under the application and approval procedures specified above. Renewal applications are competitively reviewed and the submission of a renewal application does not assure the award of benefits. Eligible renewal applications that score within the funding range will receive continuation contracts from non-ARRA funding sources.

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