Two new Maine programs will now provide approximately $2 million in funding to help healthcare students repay their student loans.
The programs, unveiled by Governor Janet Mills on Tuesday, will cover up to $75,000 in loan repayment over a three-year period for medical, dental and behavioral health care workers and up to $40,000 in loan repayment for teachers of nursing, according to the Portland Press Herald.
The programs are funded by the Maine Finance Authority and could provide loan repayment assistance for up to 26 scholarships of $75,000 or 50 scholarships of $40,000.
To be eligible for the program, a healthcare worker must commit to working in Maine for at least three years and apply for the program by September 1. The nomination asks questions about their dedication to healthcare work, how the financial aid would help them serve in healthcare and a variety of other issues, according to the Press Herald.
Details on the application process can be found on the Maine Financial Authority website.
Mills also announced Tuesday that $2 million will be added to the state’s Doctors for Maine’s Future Scholarship Fund, which awards up to $25,000 in annual scholarships to students who attend the medical center’s aftercare program. of Maine from Tufts University School of Medicine, or the University of New England College of Osteopathic Medicine.
More articles from the BDN