Friday, February 08, 2013 IHS Loan Repayment Program Accepting Applications The Indian Health Service (IHS) is accepting applications for its Loan Repayment Program (LRP). This program offers health care professionals, including physical therapists, the opportunity to pay off qualified student loans to meet the staffing needs of Indian health programs. There is an estimated $20 million available for awards during Fiscal Year 2013. The LRP awards up to $20,000 per year in exchange for a minimum 2-year service obligation, plus 20% of federal income tax on the award (see payments and examples). Applications are accepted and evaluated monthly until funds are exhausted. February 15 is the first award cycle deadline. August 16 is the last award cycle deadline. Visit the LRP website for more information, eligibility requirements, and to apply.