Minnesota Rural Pharmacist Loan Forgiveness Guidelines
Current cycle: The Minnesota Health Care Loan Forgiveness program cycle is OPEN November 1, 2021. Download the Loan Forgiveness PIN
Although licensed pharmacists who are practicing in a designated rural area are eligible to apply, students and residents in their final year of training receive highest preference. A prospective participant must submit an application to the ORHPC during the open application cycle, as a licensed pharmacist or while completing their final year of pharmacy school or residency training.
The Rural Pharmacist Loan Forgiveness Program provides funds for repayment of Qualified Educational Loans. Qualified Educational Loans include government, commercial, and foundation loans for actual costs paid for tuition, reasonable education and living expenses related to the past graduate or undergraduate education of the Pharmacist. Credit card debt or loans from family members do not qualify. Parent PLUS loans do not qualify.
Loans in current or active default are NOT eligible for forgiveness in this program, even if considered in good standing with the collections agency. Previously defaulted loans that have since been completely rehabilitated and are not currently in active default status are eligible.
For licensed pharmacists, participants must begin their service immediately. For final year students/residents, participants must begin their service obligation under this program no later than March 31 following completion of their pharmacy program. Participants must complete their pharmacy program as originally stated in their application.
Participants are eligible to participate for up to four years in the program as a physician in a designated rural area. ORHPC will make an annual payment to the participant in the amount of up to $24,000, not to exceed $96,000 total for the maximum four–year period or the balance of the designated loan(s), whichever is less subject to the availability of funds appropriated by the Minnesota State Legislature for the loan forgiveness program.