US Army,
Program Assists Physicians in Paying Education Loan Debt
FORT KNOX, Ky: Physicians who have joined the Army Medical Corps now have more financial assistance in paying their education loan debt.
The Army's Active Duty Health Professions Loan Repayment Program (ADHPLRP) provides up to $114,900 for repayment of qualified educational loans. The maximum annual repayment for FY08 $38,300 (pre-tax dollars) is contributed over a maximum of three years based on original loan balance. Under the program, qualifying loans for repayment may include tuition, principal, interest, school and related living expenses. Applicants must meet all other ADHPLRP eligibility, enrollment and administrative requirements.
The active duty obligation for the ADHPLRP is a minimum term of service of three years. Active duty obligation is served consecutively with any other existing education or training active duty obligation. Physicians who enter the service, join as a Commissioned Officer and can receive advanced rank based on their work experience.
As members of the Army Health Care Team, one of the most comprehensive and dynamic health care organizations in the world, Army Medical Corps Officers work with the latest high-tech equipment, technology and life-saving trauma equipment. In addition, doctors are free to concentrate on caring for patients and developing innovative new techniques and procedures rather than business tasks such as processing insurance claims or building a private practice.
Information about the Army Medical Department (AMEDD)
From nurses and entomologists to veterinarians, dietitians and physicians, the U.S. Army offers more than 90 professional health care career paths — more than any other military service.
The AMEDD annually employs more than 73,500 Active-duty professionals and 72,000 Reserve Soldiers, interacting with more than 200,000 patients on an average day. The Army's health care system is an $8 billion per year venture, managing the care of three million beneficiaries. The active Army is augmented by a Reserve Component, comprised of healthcare professionals in Reserve units throughout the United States and abroad.
One of the largest health care networks in the world, AMEDD operates more than 600 world-renowned hospitals, clinics and facilities around the globe. AMEDD encompasses six corps: Dental, Medical, Medical Service, Medical Specialist, Nurse and Veterinary.
