Best for: Physicians, nurses, social workers, and other healthcare professionals at VA Hospital with federal or private student loans, including refinanced loans.
The Education Debt Reduction Program is a recruitment and retention benefit the VA offers to entice health professionals to work in positions delivering direct-patient care. EDRP isn’t a forgiveness program. Instead, it reimburses employees for payments made towards qualifying loans.*
PSLF and EDRP can work in tandem. The payments you make on your Direct Loans while working for the federal government will qualify for PSLF, and EDRP will reimburse you for those payments.
The reimbursement is capped at $200 thousand over a five-year period ($40 thousand annually). The funds are tax-free and don’t require a mandatory service agreement. You can leave the VA before your five years are up and not have to pay back the funds you received.
The first step in qualifying for EDRP is to find a job offering it as a benefit. Visit VAcareers.va.gov or USAJobs.gov and search for EDRP-eligible jobs.
Learn More: Find EDRP VA Positions
* According to VHA Handbook 1021.01A, a qualifying loan is any government or commercial loan made for educational purposes by schools. Generally, the loans can’t be greater than the borrower’s cost of attendance.