New York State
Governor Kathy Hochul today announced a $4 million expansion of the Community Mental Health Loan Repayment Program to include licensed professionals serving children and adolescents at programs licensed or funded by the state. Administered by the state Office of Mental Health (OMH), in partnership with the Office of Children and Family Services (OCFS), the funding will provide at least 400 awards of up to $30,000 to help mental health professionals serving youth repay education loans and student debt, provided they work a minimum of three years at eligible mental health programs.
…Nationally, rising rates of mental illness and substance use disorder have created heightened demand for psychiatrists and other mental health professionals, a need that is expected to outpace growth of this area of the workforce. Based on findings from the Center for Health Workforce Studies, New York State is projected to have a shortfall of between roughly 1,180 and 2,650 psychiatrists by 2030.