You do the research. NIH will repay your student loans. That is the idea behind the National Institutes of Health Loan Repayment Programs (LRPs).
In order to be eligible for this benefit program, you will need to be a health care professional and US national, citizen, dual citizen or permanent resident who is qualified/certified/licensed in laboratory or clinical research or have a nursing degree. You must also characterize your financial situation as low income or very low income.
Applicants must agree by written contract to engage in clinical research as employees of the NIH for a minimum two-year period. Maximum program benefit is $35,000 per year in loan repayments and $13,650 per year in Federal tax reimbursements.
Application Cycle and Deadlines
Extramural New and Renewal September 1, 2010 – November 15, 2010
Intramural Renewal September 1, 2010 – February 1, 2011
Intramural New and ACGME September 1, 2010 – May 2, 2011
Application Here: http://www.lrp.nih.gov/apply_here/index.aspx