Some states offer their own student loan programs with unique forgiveness options for their residents. Alaska has a state-specific loan forgiveness program designed to encourage graduates to pursue particular careers within the state, which we will discuss in the next section.
Alaska State-Specific Loan Forgiveness The SHARP II – Health Care Professions Loan Repayment and Incentive Program encourages graduates to work in specific fields within Alaska.
The SHARP program aims to address workforce shortages by incentivizing qualified individuals to pursue careers in these high-demand fields.
Eligibility criteria for SHARP II
No concurrent service obligations with other entities (e.g., NHSC, I.H.S., etc.)
Participating sites must contribute a partial employer match to the clinician’s support-for-service payment (reduction of this required match amount may be possible sometimes)
All participating sites must be within Alaska-designated healthcare service shortage areas (HCSSAs)
Sites must accept patients who receive Medicaid or Medicare and the uninsured on a sliding fee basis
Forgiveness amounts vary by profession and salary, with both full-time and part-time contract options available. After an initial three years of service, clinicians in good standing may gain the opportunity for another three-year contract (renewal).
How to Apply and Contact Information
If you’re interested in the SHARP II program, direct questions to:
Robert Sewell, Ph.D. Program Manager
Phone: (907) 465-4065
More information about the program can be found on the Alaska Health Planning website. Visit the website to learn about the application process, deadlines, and required documentation.
Keep in mind that funds for the SHARP II program are limited, and recipients are selected based on funding and the number of applicants each year.
It’s essential to stay informed about the program’s details and apply as soon as possible to increase your chances of receiving loan forgiveness.