Health Professions Scholarship Program (HPSP)
Active Duty program for psychiatric nurse practitioner, Family nurse practitioner or nurse anesthesia will pay a stipend of more than $2,000 and full tuition toward obtaining a master's degree MSN with prescriptive privileges. Obligation for HPSP is three years.
Health Professionals Loan Repayment Program (HPLRP)
Will repay up to $40,000 (original pretax loan amount, no interest) of qualified loans annually for a maximum of three years. Active duty obligation is three years. HPLRP may be used with the $10,000 Accession Bonus for an active duty obligation of six years.
Specialized Training Assistance Program (STRAP)
Stipend program for nurse anesthesia, Family nurse practitioner and psychiatric nurse practitioner currently enrolled in accredited programs. Participants receive a monthly stipend, currently over $2,000. Participants incur a two-year obligation in the Army Reserve for each year or partial year of financial assistance and must serve in an Army Reserve Troop Program Unit, National Army Medical Department Augmentee Detachment or Individual Mobilization Augmentee Program upon completion of training. Individuals may be eligible, if qualified, to participate in one other Army Reserve incentive program. Doctorate of Nursing Programs are authorized. Must be a U.S. citizen.
Financial Assistance Program (FAP)
Open to physicians at any point during their residency training, such as Post Graduate Year (PGY) II and above. Certain individuals may be eligible to apply in PGY I based on OTSG guidance. Provides an annual grant of $45,000 plus a monthly stipend over $2,000. Active duty obligation is two years for the first year of FAP participation plus one year for each additional year of participation with a minimum of two years on active duty. Individuals must be U.S. citizens.
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