School of Psychology & Counseling

SPC Admissions: 800.681.5906
or 757.352.4498

Glen Moriarty
“If you are in graduate school, then it should be cool to be broke.”
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Glen Moriarty, Psy.D.
Professor

CACREP Quality Matters Program

Loan Forgiveness

Christopher Murphy
"If you make good decisions to delay gratification now for a better future, we will be proud of that.”
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Jen Ripley, Psy.D.
Program Director and Professor

Loan forgiveness programs are available to alleviate student loan debt for graduates in eligible fields of employment or post-graduate programs. Loan forgiveness means that the portion of loans 'forgiven' does not have to be repaid by the student. With most graduate school loan forgiveness programs (see below), a portion of loan debt is forgiven over a period of time after the graduate has entered loan repayment and made several loan payments.

NOTE: School of Psychology & Counseling degrees lead to careers that qualify for loan forgiveness; however, eligibility for loan forgiveness and the application process are determined by the organizations below and not the Regent University Financial Aid Office.

Mental Health Loan Assumption Program (MHLAP)
The MHLAP offers up to $10,000 to repay educaitonal loans in exchange for a 12-month service obligation in a hard-to-fill or retain position.
Frequently Asked Questions
For more information, please visit the MHLAP website.

National Institute on Minority Health and Health Disparities (NIMHD)
The NIMHD Loan Repayment Program offers loan repayment of up to $35,000 per year to clinical psychologists employed in non-federal academic/research settings.
For more information, please visit the NIMHD Loan Repayment website.

Public Service Loan Forgiveness Program (PSLF)
The Public Service Loan Forgiveness Program (PSLF) encourages students to pursue a career with a public service organization by offering a chance to have their remaining federal loan balance cancelled after they have served full-time for at least 10 years while making 120 qualifying monthly payments.
PSLF Flyer
PSLF Fact Sheet
PSLF Additional Q&A's
For more information, please visit the PSLF website or contact your loan servicer.

National Health Service Corps (NHSC)
The NHSC is a commonly used program for clinical psychologists who provide primary health services in communities with limited access to care. In return, the NHSC LRP assists clinicians in their repayment of qualifying educational loans that are still owed.
NHSC Loan Repayment Program Flyer
Frequently Asked Questions
Please visit the NHSC website for more information.

National Institutes of Health (NIH)
The National Institutes of Health (NIH) offers multiple Loan Repayment Programs to qualified health professionals who commit at least two years to conducting qualified research.
For more information regarding these loan repayment programs, please visit the NIH Loan Repayment Programs website.

Licensed Mental Health Services Provider Education Program (LMHSPEP)
The LMHSPEP awards recipients up to $15,000 in order to repay educational loans in exchange for a two year commitment to practicing and providing care in a publicly funded or public mental health facility, a non-profit mental health facility, or a mental health professions shortage area.
Frequently Asked Questions
For more information and to apply, please visit the LMHSPEP website.

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