Loan Repayment Programs

*The information and opinions expressed herein represent the independent opinions and ideas of iGrad and do not represent the opinions or ideas of The Chicago School of Professional Psychology.


Many graduates choose to repay their student loans with a portion of the salaries they are earning in their new careers.

Public Service

Under the Public Service Loan Forgiveness (PSLF) Program, individuals may qualify for forgiveness if employed by certain public service employers.

National Health Service Corps

Through the National Health Service Corps, graduates have the opportunity to work in underserved communities, in exchange for loan forgiveness. Up to $50,000 in qualifying loans will be repaid by NHSC in return for a two-year commitment to the program. Eligible loan repayment recipients are Psy.D. graduates from APA-accredited programs.

NIH Loan Repayment Programs

The National Institutes of Health maintains several loan repayment programs for qualified Psy.D. graduates who make commitments of at least two years to clinical or behavioral research. NIH will repay up to $35,000 per year of educational debt, plus an additional 39 percent to cover federal taxes. Specific loan repayment programs include:

Health Disparities Research

50 percent of the awards will be made to health professionals who are members of identified health disparity populations

Other Opportunities

  • Clinical Research
  • Pediatric Research
  • Researchers from Disadvantaged Backgrounds


Service programs such as Americorps provide awards to repay student loans in exchange for work.

Indian Health Service (HIS) Loan Repayment Program

The IHS Loan Repayment Program (LRP) funds IHS clinicians to repay their eligible health profession education loans — up to $40,000 — in exchange for an initial two-year service commitment to practice in health facilities serving American Indian and Alaska Native communities.


Don’t Borrow Blindly

Every year, the National Association of Student Financial Aid Administrators (NASFAA) releases a federal student aid primer, providing specific information regarding student lending, repayment, and more. This is a great resource for students serviced by the federal student loan program.

There are a variety of options in terms of how quickly you may repay your loans. We encourage you to contact the U.S. Department of Education directly to discuss these repayment options.

Loan repayment calculator

Student loans may seem to be a convenient option for students, but it is important to know how loan fees and interest rates can increase your total amount owed. To better understand how much your education may cost over time, visit the loan repayment calculator here.