11 Feb Deadline 2/21/2019: Up to $75K in Student Debt Relief from NHSC
The new solution addressing the employment crisis in substance use disorder care
For a limited time, the NHSC’s new program offers substance use disorder (SUD) health care providers up to $75,000 for student loan debt relief.
“The No. 1 challenge that our clinics have is recruiting and retaining staff. We did a salary survey several years ago, which showed basically that we were competing with Burger King for staff.”
The National Health Service Corps has a new program with exciting initiative.
In the mental health industry, we struggle to find qualified and often licensed professionals to meet the ever growing demand for their services.
The gap between this severe lack of supply of professionals and the increasing demand is already great and, even worse, it’s growing quickly.
A specific area within the mental health industry that seems to be suffering more than some of the others is the opioid crisis.
To address this, the National Health Service Corps has created a new program that offers up to $75,000 for student loan repayment assistance to health care providers working to combat the opioid crisis in under-served communities.
From “The latest way to combat the opioid epidemic — student-loan relief” by MarketWatch.com
“Physicians, registered nurses, licensed clinical social workers and other health care workers are eligible for loan repayment help under the initiative, called the Substance Use Disorder Workforce Loan Repayment Program, as long as they commit to working at an approved site helping under-served communities address substance-use disorder for at least three years.
As the opioid epidemic expands we want to make sure that we have a mobile and agile health workforce,” said Israil Ali, the director of the division of the National Health Service Corps. The idea behind the loan-repayment initiative is to “create a program that’s going to support the entire care team that’s on the front lines of this epidemic…
The loan-repayment program for people working on substance-use disorders is the latest initiative to use student-loan help as a tool to lure workers with debt-loads into low-paying, but well-meaning fields. The ubiquity of these programs is an indication of the ways the nation’s $1.5 trillion in student debt is affecting workers’ career choices and the workforce more broadly…
Congress appropriated $120 million to NHSC for fiscal year 2019 to strengthen the substance use disorder workforce. A significant chunk of those funds will go to the student-loan repayment program. Officials expect to make about 1,100 awards under the program…
About 78% of students who graduate with a master’s degree in social work leave with school with debt. The average sum is $44,269, according to the Council on Social Work Education. For those interested in providing mental and behavioral health care to patients in underserved communities the salary may not be enough to put a dent in that debt.
“The No. 1 challenge that our clinics have is recruiting and retaining staff,” said Chuck Ingoglia, the senior vice president for public policy and practice improvement at the National Council for Behavioral Health, an association of organizations providing mental health and addiction treatment. “We did a salary survey several years ago, which showed basically that we were competing with Burger King QSR, +1.40% for staff.””
Read more from this article on MarketWatch.com.
Deadline to apply is February 21, 2019.
Ashley Lane Boyle
Empowered Partnerships LLC