UAP Loan Program

Clinical Loan Forgiveness Program

This program provides recognition and financial support to students majoring in a needed medical dicipline in an effort to attract and retain outstanding clinicians in Montana.

Employment Requirements

Loans are available to students beginning the first semester of their sophomore year for a two year program or the first semester of their senior year for a four year program through the final semester of their nursing program. Upon graduation, those who have received the loan are expected to accept offered full time employment* at a Montana Health Network (MHN) loan participating facility**.

The MHN Loan Participating Facilities

*Position location based upon availability
**Participating facilities subject to change without notice

Loan Distribution

1. Recipients will receive $2,000 (up to $4,000 total), paid directly to their school each semester. Loans are intended to be applied towards tuition and school supplies. Financial need is not a criterion for loan approval.
2. Prior to initial funding and following each completed semester, recipients must submit an official transcript demonstrating a current GPA of 2.5 or greater.
3. Recipients who fail to maintain satisfactory academic progress must return any remaining part of their loan immediately.
4. Recipients who discontinue their employment with a MHN participating facility prior to completing their expected term of employment are expected to return the corresponding amount of funds immediately. (Example: An individual who works half of the agreed upon term must return half of the funding.)
5. Loan amounts and corresponding forgiveness employment terms:
• $2,000—1 year fulltime service
• $4,000—2 years fulltime service

Eligibility to Apply

1. Students must be entering at minimum their first semester sophomore year of a two year program or their first semester senior year of a Baccalaureate Program.
2. Students must show proof of enrollment in an approved clinical program. Baccalaureate students must also provide proof of placement into upper division
3. Students must submit an official transcript of studies showing a current GPA of 2.5 or greater.

How to Apply

1. Application packets are available at MHN (see contact information below) or download the application Loan Application Word Document
2. Please review application paperwork for deadlines
3. Late or incomplete applications will not be considered.
4. Please return to Montana Health Network Attn: Loan Program 11 South 7th Street Suite 241 Miles City MT 59301

Recipient Selection

1. The MHN loan committee will review the applications to determine the most qualified candidates.
2. If the loan committee deems necessary, applicants may be interviewed. Applicants are responsible for their own interview expenses. Interviews may be in person, by video-teleconferencing, or by phone.
3. Funds are limited. Meeting eligibility requirements does not guarantee that an applicant will receive assistance.
4. Recipients will be notified of acceptance in writing with the expected term of employment defined.
5. Funds will be sent directly to the University or College of enrollment.
6. Loan awards may be considered taxable income to you per IRS regulations. You are encouraged to talk with Human Resources at your employment facility to discuss in further detail. You are also encouraged to talk with a tax advisor to determine how any loan award may impact you. .

MONTANA HEALTH NETWORK
Attn:Loan Program
11 SOUTH 7TH STREET, SUITE 241
MILES CITY, MONTANA 59301
(406) 234-1420
FAX: (406) 234-1423
chopkins@montanahealthnetwork.com