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Amount: Tuition and approved fees + monthly stipend

The purpose of the HPSP Physician Scholarship program is to provide financial assistance to individuals pursuing a program of study leading to a degree of doctor of medicine or equivalent degree resulting from a course of education in allopathic or osteopathic medicine.

NOTE: Pediatrics is not eligible for this scholarship program.

Benefits and Stipend

The HPSP award pays a participant's school tuition and approved fees through direct payment to the school. HPSP assistance includes topping off any existing grants and scholarships to ensure 100% of tuition and required/mandatory fees are paid.

HPSP will pay a monthly stipend directly to the participants. The payment is made for each month a participant is enrolled in coursework, beginning with the first month of the school year. If the participant is a full-time student, the stipend continues through the summer months, provided the participant has not yet completed the participant's degree requirements and is enrolled in coursework. The stipend payment is discontinued the month of a participant's degree completion.

Service Obligation

Recipients are obligated to complete a minimum of 18 months of service, for every year sponsored, at a VA facility after graduation, licensure and residency.

Amount: $40,000 a year loan repayment with a maximum of $160,000

The Specialty Education Loan Repayment Program (SELFRP) provides financial assistance to physicians in the form of a loan repayment to recent graduates of an accredited medical or osteopathic school and are currently enrolled or matched to a residency identified as a shortage by the U.S. Department of Veterans Affairs (VA). The loan repayment is $40,000 a year with a a maximum of $160,000. In return the recipient would agree to serve in a clinical practice at a VA facility for a period of 12 months for each $40,000 of loan repayment with a minimum of 24 months of obligated service.