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- Feb 27, 2004
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I just discovered this opportunity at APhA and sure wish I had heard about it earlier. I think it's too late now for me to apply for the SRCOSTEP (which gives you $2500/month plus benefits for your last year in school) but I am very interested in finding out more about these programs.
From what I have gathered so far, some locations are offering a $30K signing bonus for a 4-year commitment. Aside from that, high need areas will repay your student loans up to $20K/year. They also provide up to $4K/year to offset the tax implications of loan repayment; the minimum commitment is 2 years but you can continue as long as you want to pay off your loans. The base salary seems to be a lot lower, especially at first, but becomes very comparable after you've accrued experience. However aside from the tuition repayment benefits, you also get extra pay for BPS certification, non-taxable subsistence benefits ($175/mo), non-taxable housing allowance (depends on location and if you have dependents, ranges from $637-3135) and FREE health/dental. No premiums, deductibles or copays!
As for retirement, they offer contributory and non-contributory plans so you can draw 75% of your salary after retirement.
Sounds pretty great! Good pay, great benefits and helping an underserved population. Anyone know more about this or know anyone who is doing this? Am I missing obvious drawbacks (other than living in fairly remote rural areas, which doesn't bother me)? From the people I talked to at the Expo, you get to do a lot of clinical experience and less dispensing. It sounds like everything I want in a career...at least for now
From what I have gathered so far, some locations are offering a $30K signing bonus for a 4-year commitment. Aside from that, high need areas will repay your student loans up to $20K/year. They also provide up to $4K/year to offset the tax implications of loan repayment; the minimum commitment is 2 years but you can continue as long as you want to pay off your loans. The base salary seems to be a lot lower, especially at first, but becomes very comparable after you've accrued experience. However aside from the tuition repayment benefits, you also get extra pay for BPS certification, non-taxable subsistence benefits ($175/mo), non-taxable housing allowance (depends on location and if you have dependents, ranges from $637-3135) and FREE health/dental. No premiums, deductibles or copays!
As for retirement, they offer contributory and non-contributory plans so you can draw 75% of your salary after retirement.
Sounds pretty great! Good pay, great benefits and helping an underserved population. Anyone know more about this or know anyone who is doing this? Am I missing obvious drawbacks (other than living in fairly remote rural areas, which doesn't bother me)? From the people I talked to at the Expo, you get to do a lot of clinical experience and less dispensing. It sounds like everything I want in a career...at least for now