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Extramural Loan Repayment for Individuals from Disadvantaged Backgrounds Conducting Clinical Research - #93.308

Direct Payments For Specified Use

The total dollar assistance for FY 09 for the 2-year contract period ranged from $4,775 up to $70,000 in loan repayments, and from ~$2,261 up to ~$33,138 in tax reimbursements. The average dollar assistance of awards made in FY 09 was ~$35,600 in loan repayments and ~$16,537 in tax reimbursements.

An initial contract provides assistance for a two-year period, and an extension contract provides assistance for a one-year or two-year period. Program 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 or authorized designee. Method of awarding/releasing assistance: quarterly.

After the completion of the initial two-year contract, participants may apply for a one-year or two-year extension provided the participant continues to engage in qualified clinical research and has outstanding repayable debt remaining. Applications submitted for an extension are reviewed and selected for funding on a competitive basis.

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