Governor Hochul Announces $5 Million to Expand Loan Repayment Program for Mental Health Workers
New York State Website
Governor Kathy Hochul today announced a $5 million expansion of the Community Mental Health Loan Repayment Program to extend eligibility to licensed mental health professionals. Administered by the state Office of Mental Health, the program now has $14 million dedicated to recruiting and retaining skilled mental health professionals at a time when demand for these workers is high and projected to increase…
…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.