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Application requirements

– are there certain requirements you must meet to

apply?

Yes

No

Application requirements:

Tax liability

– some financial incentives can be subject to income tax! Be certain

you are aware of any pertinent tax laws. NHSC programs are exempt from both

state and federal income tax. Remember that even if you are going to work in

a state with no income tax, there may be federal income tax to consider if a

program is not exempt. When in doubt, check with your accountant.

Is the program tax exempt?

Yes

No

If not tax exempt, what will you be taxed?

Reporting requirements

– do you (or your employer) have to report any data

back to your funder during the time you’re participating in the program? What do

you have to report? When do you have to report it?

Yes

No

Reporting requirements:

When exploring a potential loan repayment or scholarship program, it’s important

to assess your risk! These questions can help you start.