Author: Christopher S Bandish

Loan Repayment Seminar

The Office of Student Financial Aid Services is pleased to continue offering debt management and loan repayment information session for our Medical and Dental Students! We encourage all students to attend!

The event is hosted by the AAMC and goes over a variety of key topics including but not limited to:

Repayment Options Available
Loan Forgiveness
Debt Consolidation

Our next event will be on 04/01/2025, at 6pm in the Lowe Learning Center (CG076). Dinner will be provided to attendees on a first come, first served basis, so we strongly recommend and kindly ask that you RSVP to our office if you intend on coming to the event. This way we can ensure that we order an appropriate amount of food for all attendees.

Space is limited to the maximum capacity of the conference room which is 75 people for 04/01/2025.

We hope all of our students take advantage of these sessions so that you can be set up for financial success in the future.

A meeting invitation has been sent to all students.  To RSVP please respond to this invite.  

If you have any questions, please contact our office by the email address mentioned above, by phone (#860-679-1364), or you can stop by our office (LM035) Monday through Friday, 8am to 5pm.

Protect Your Loan Information

FINANCIAL NEWS
 
Given the current uncertainty surrounding the Department of Education and student loan repayment, we recommend that you log into studentaid.gov and download a copy of your information. This is a precautionary measure to ensure that you have access to your financial records in case of any changes or disruptions. Even if nothing changes, it’s not guaranteed that any of the loan servicers will keep perfect records. It is always a good idea to have copies of your information in case of a dispute. We have included a link to an article that provides more information on this recommendation. If you have any questions or concerns, please don’t hesitate to reach out to me.

Graduation Resources

As we move closer and closer to graduation, we wanted to share with you some important information about what your first steps look like after you leave the health center.  The AAMC has provided a comprehensive guide to repayment, refinancing, forgiveness and financial planning for students who are graduating from both medical and dental school.  We have linked this resource here. Please take some time to read and start making plans for what to do next.

If you have questions or need help please reach out to our office and schedule an appointment to meet with our staff.  We can meet with your in person or virtually as your schedule permits.

Connecticut Student Loan Repayment Program

We want to make you aware of a new program that Connecticut Governor Ned Lamont recently announced called the Connecticut Student Loan Repayment Program. It will offer up to $50,000 in student loan repayments to eligible health care providers who commit to practicing full time in underserved communities in the state for at least two years. Part-time options are also available for $12,500 per year over two years, totaling $25,000. Please note that the deadline to apply is June 30.

 

We are thrilled that the Connecticut Department of Public Health, which oversees the project, and the Connecticut Area Health Education Center, which administrates it, are working hard to link local community groups with the resources of health professionals and health professional training programs. That could be a big step toward alleviating the health care challenges we are facing in our region.

 

Here is part of what Governor Lamont said in his announcement: “This program is a significant investment in our health care workforce and a step towards reducing health disparities across our state. Whether you’re working in underserved areas, critical shortage facilities, or even in educational settings, opportunities are here for these medical professionals to have their student loans forgiven.”

 

Unlike federal loan repayment programs that apply only to federal student loans, this particular program allows for both federal and private student loan debt to be repaid. This makes it a more comprehensive solution for those health care providers with diverse educational debt.

 

Applications will be accepted through June 30. There’s still time, but we all know how fast a month can fly by at this time of year. For more information and to apply, visit ctslrp.org.