Montana Rural Physician Incentive Program (MRPIP)
Benefits and Obligations
The MRPIP program offers medical education loan repayment assistance to approved physicians who practice in rural or medically underserved areas of the state or who specifically serve underserved populations. The maximum amount of debt repayment a full-time physician may receive is $150,000 over a 5-year period of verified medical service. Proportionately reduced repayment amounts are available for physicians who practice less than full-time. The maximum eligibility period is five years; awards are not retroactive. Physicians participating in a federal or Indian Health Service (IHS) loan repayment program or while completing a federal or IHS practice obligation are not eligible for MRPIP participation until the federal or IHS program obligation has been fulfilled.
MRPIP loan repayment disbursements are paid directly to the participants’ lender or
loan servicer and are distributed in six-month intervals based on a graduated payment
schedule over the five years. Eligibility for each disbursement requires completion
of the full, consecutive, six-month practice period. The typical graduated payment
schedule for a full-time physician is as follows:
|Sample Graduated Loan Repayment Schedule|
|$10,000— 6 mos. of service||$15,000—36 mos. of service|
|$10,000—12 mos. of service||$17,500—42 mos. of service|
|$12,500—18 mos. of service||$17,500—48 mos. of service|
|$12,500—24 mos. of service||$20,000—54 mos. of service|
|$15,000—30 mos. of service||$20,000—60 mos. of service|
Federal loan repayment assistance may also be available under the National Health Services Corps (NHSC). All MRPIP candidates are expected to apply for such benefits if their practice area/location qualifies. State and federal loan repayment benefits cannot be received concurrently; only qualified medical education debt this is not eligible for repayment under a federal loan repayment program is eligible for MRPIP repayment. In the event MRPIP participants are selected for NHSC or IHS loan repayment, MRPIP repayment will be postponed during the federal program participation, and will resumed following completion for any remaining MRPIP eligibility.