Health Care Professions Forgivable Loan for Graduate Students (HCP-GR)
The Health Care Professions Forgivable Loan (HCP) Program has been discontinued. Awards will be made only to renewal applicants during the the 2017-18 and subsequent years.
The primary objectives of this program are to provide educational opportunities to students majoring in occupational therapy and physical therapy and to address Mississippi’s health care shortage areas by providing a constant source of qualified occupational and physical therapists for Mississippi’s state-supported health institutions. HCP-GR awards will be made available, to the extent of appropriated funds, to persons seeking a master’s degree at the University of Mississippi Medical Center in exchange for employment in a state health institution in the State of Mississippi.
Rules and Regulations:
HCP Rules and Regulations
Application dates: October 1 – March 31
Document deadline: April 30
Awards are made on a first-come, first-served basis, as funding is available. However, priority is given to eligible renewal applicants.
- Be classified as a graduate student for the upcoming school year.
- Be a legal resident of the State of Mississippi for one year prior to application.
- Enroll full-time at the University of Mississippi Medical Center in a program of study leading to a first master’s degree.
- Have and maintain a cumulative 3.0 GPA or higher 0n a 4.0 scale each semester.
- Major in Occupational Therapy or Physical Therapy.
- You are not currently in default or delinquent on any federal, sate, or local educational loan.
- HCP awards up to $3,000 per academic year for no more than two (2) calendar years.
- HCP is first and foremost a loan. The loan can be forgiven (discharged) on the basis of one year’s service for one year of loan received. Service must be rendered at an eligible state-operated health institution.
- LIABILITY: Forgivable loan recipients who choose not to fulfill the service obligation will be required to repay the loan in full with interest.
To Apply – Renewal Applicants:
- Complete the online application. The online application must be completed each and every academic year for which the applicant seeks aid.
After the Application – the HCP-GR Award Process:
- If funding is available, the Office will make award offers as soon as possible after receiving an appropriation, but no later than mid-June.
- Renewal applicants must sign a Private Loan Self-Certification Form every year for which the applicant receives funds. The self-certification form must be signed with pen and returned in hard-copy.
- When the self-certification form has been received, the Office will notify the student’s attending institution that the student has been awarded.
Frequently Asked Questions:
- Is HCP available to me for summer school?
No. HCP is available during the regular academic year only.
- What if I drop below full-time enrollment during a semester?
A student must maintain full-time enrollment. If a student drops below full-time status during a semester or trimester of the academic year, that student is ineligible to receive funds during the next semester or trimester of full-time enrollment of a regular academic year.
- Why must I reapply every year?
Current legislation requires “…the board shall create a renewal application for each student who received the award for one or more terms during the immediately preceding academic year.” At a minimum, a student must file the following renewal document no later than the close of business on the deadline date: online application.
- What if my GPA does not meet the minimum requirement?
If your cumulative GPA is less than 2.5 at the end of a semester/trimester, you will lose the HCP award for the next semester/trimester of enrollment during a normal academic year. In order to regain eligibility, your cumulative GPA must meet the minimum 2.5 GPA requirement.
- As a recipient of HCP, I have a contractual obligation to work in a state-operated health institution in Mississippi after graduation. What if I am unable to find a job immediately after graduation?
All recipients are eligible for a one-year (12-month) grace period while seeking employment. After one year, recipients must submit documentation of proper employment or start making payments to repay the loan.
- How do I submit supporting documents to the Office of Student Financial Aid?
How to Submit Supporting Documents