US Department of Veterans Affairs - Specialty Education Loan Repayment Program (SELRP)

The US Department of Veterans Affairs (VA) recently initiated a new program called the Specialty Education Loan Repayment Program (SELRP). SELRP is only available to final year medical students who have MATCHED to a residency and physicians currently in a residency/fellowship program. SELRP will pay a resident $40,000 during each year of residency or fellowship (Maximum 4 years for a total of = $160,000). These funds are used to pay down medical school student loan debt. This tax-free money cannot be used for any other student loan debt outside of medical school (MD/DO). In return the physician comes to work for the VA in the specialty for which they are being trained in for a minimum of 2 years (maximum 4 years).

SELRP is a way new physicians can help pay down medical school debt quicker while helping to care for our nations heroes. Please share this information with your graduating class of medical students.