The National Health Service Corps has a Web site that explains the tuition-loan repayment program.
The National Health Service Corps has a Web site that explains the tuition-loan repayment program.

Stimulus Money Can Help Pay Student Loans

Thursday,  June 11, 2009 4:32 AM

Video
COLUMBUS, Ohio — As thousands of Ohio State students prepare to graduate this weekend, some these new graduates have a new way to get help paying back their student loans.

The federal government is providing $200 million in stimulus money to help health professionals settle the costs of their education, 10TV's Kurt Ludlow reported.

FEATURED LINK: National Health Service Corps

The National Health Services Corps will provide up to $50,000 each in tax-free tuition-loan repayments to doctors, dentists and mental health professionals who agree to spend two years working in an area facing a shortage of medical professionals. The medical professionals will also receive a salary during their service.

The chance to reduce significantly her student-loan debt is appealing to Ohio State first-year dental student Ashley Torres.

"I kind of want to serve in an underprivileged community anyways, so I think it would be a good opportunity," Torres told 10TV News.

Torres still has a few years before having to make a decision, but facing a $10,000 bill for summer school that will be paid for with loans, the program already looks attractive.

Watch 10TV News and refresh 10TV.com for additional information.

Sign Up For Free E-Mail Alerts