Monday, January 30, 2023

Program that repays pupil loans for psychological well being employees launches in NY

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Purposes are open for a brand new state program that can assist some psychological well being employees in New York repay pupil mortgage debt.

The $9 million program is supposed to assist group psychological well being companies recruit and retain psychiatrists and psychiatric nurse practitioners, in accordance with Gov. Kathy Hochul’s workplace. Psychiatrists can rise up to $120,000 in pupil loans repaid by way of this system and nurse practitioners can rise up to $30,000.

The employees have to stay employed and licensed by group psychological well being applications for 3 years to be eligible.

Each newly employed and current workers, together with part-time workers, are eligible for the awards. Staff will obtain one-third of their whole award yearly over the three years they’re required to to stay working at a group psychological well being program.

Suppliers apply for mortgage reimbursement on behalf of their workers, with functions reviewed on a first-come, first-served foundation for so long as funding stays obtainable, Hochul’s workplace mentioned.

The mortgage reimbursement program is a part of an total $20 billion plan to enhance and develop New York’s well being care infrastructure and workforce, in accordance with Hochul’s workplace. The plan contains well being care employee bonuses and cost-of-living raises, amongst different issues.

Extra info is out there on the state Workplace of Psychological Well being web site.

“This funding will present our companions in communities throughout the state with the assets they should appeal to top-tier employees after which preserve them employed in our state, so we will develop our workforce and guarantee all New Yorkers have entry to the very best high quality of care,” Hochul mentioned in a information launch.

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