PHYSICIANS:
EARN UP TO $150,000 TOWARD REPAYING YOUR STUDENT LOANS¹
Participate in the UMass Memorial Health Student Loan Repayment Program to receive up to $150,000 toward your student loans.¹
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How it Works
Apply
📝 If eligible, join the UMass Memorial Student Loan Repayment Program through the Clasp platform.
Sync
🔄 Sync up to $150,000 of your eligible students loans directly on the Clasp platform, to be paid out over 5 years on a monthly basis.¹
Earn
🚀 Watch the monthly loan repayments roll in on top of your salary while you work.
Who Can Participate?
This program is currently open to eligible physicians currently employed by UMass Memorial Health.
What's the Catch?
Clasp gets this question a lot — and we don't mind it at all. There is no catch, and there are no clawbacks, with a Clasp program. (Think of it like a healthy relationship — where you can exit at any time, but we sure hope you stay.)
Learn more about Clasp, and other FAQs, by reading our Clasp Student Bill of Rights.
Read Student Bill of RightsQUESTIONS?
Reach out to scholars@clasp.com to learn more, or review the Frequently Asked Questions below!
Contact UsFAQs
¹ If qualified, selected, and employed by UMass Memorial Health for 5 years of employment, UMass Memorial Health will pay back up to $150,000 toward your eligible, synced student loans in installments via the Clasp platform. In case of voluntary employment termination or termination with cause, failure to meet the terms of your educational loan repayment agreement, or in the event you choose to leave the program at any time, you are responsible to pay any remaining outstanding amount. You are personally responsible for the financial obligations under your loan agreement(s). Any agreement between you and your employer is entirely separate from your loan obligation(s) and will not in any way offset your obligations to your lender unless payments are made by you or any other party on your behalf.
² You may be subject to income tax for some or all of the loan payments made by UMass Memorial Health on your behalf. You should consult with a tax professional if you have any questions regarding tax consequences of the UMass Memorial Health Student Loan Repayment Program.
Information valid as of Feb 3, 2026.