Form NIH-2674-4 Loan Repayment Program Contract

What Is Form NIH-2674-4?

This is a legal form that was released by the U.S. Department of Health and Human Services - National Institutes of Health on May 1, 2014 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the NIH-2674-4 Loan Repayment Program Contract?
A: The NIH-2674-4 Loan Repayment Program Contract is a contract between an individual and the National Institutes of Health (NIH) that outlines the terms and conditions of participation in the Loan Repayment Program.

Q: What is the Loan Repayment Program?
A: The Loan Repayment Program is a program offered by the NIH to help health professionals repay their educational loans in exchange for a commitment to engage in biomedical or biobehavioral research.

Q: Who is eligible to participate in the Loan Repayment Program?
A: Eligibility for the Loan Repayment Program is limited to health professionals who have qualified educational debt and are employed or have a firm commitment for employment in a research position supported by a domestic, nonprofit institution.

Q: What is the purpose of the NIH-2674-4 Contract?
A: The purpose of the NIH-2674-4 Contract is to document the obligations of both the participant and the NIH related to the Loan Repayment Program.

Q: What are the terms and conditions outlined in the NIH-2674-4 Contract?
A: The terms and conditions outlined in the NIH-2674-4 Contract include requirements for the participant to engage in qualified research, fulfill the service obligation, maintain employment, and provide accurate and timely reports.

Q: Is participation in the Loan Repayment Program guaranteed through signing the NIH-2674-4 Contract?
A: Signing the NIH-2674-4 Contract does not guarantee participation in the Loan Repayment Program. Final eligibility determination is made by the NIH based on various factors, including funding availability.

Q: What happens if a participant fails to fulfill the obligations outlined in the NIH-2674-4 Contract?
A: If a participant fails to fulfill the obligations outlined in the NIH-2674-4 Contract, they may be required to repay any benefits received as well as face other consequences, such as ineligibility for future participation in the program.

Q: Can the NIH-2674-4 Contract be modified or terminated?
A: The NIH-2674-4 Contract may be modified or terminated in accordance with the terms and conditions specified in the contract itself or by mutual agreement between the participant and the NIH.

Q: Are there any penalties for early termination of the NIH-2674-4 Contract?
A: There may be penalties or consequences for early termination of the NIH-2674-4 Contract, as specified in the contract itself. It is important to carefully review the terms and conditions before entering into the contract.