i'm going throught the application process for the Army and Air Force HPSP. in simple terms, they cover full tuition, books and provide about a $1200 monthly stipend. in return, you have to do a residency at a military hospital, and serve at least 4 years after residency. some people do take out extra loans anyway to cover living expenses. you will have to talk to your recruiter about the fine print (there are lot's of little things they "forget" to tell you).
from what i understand, if you want this scholarship, you have to want it for more than just financial reasons. if it is purely financial, you will have a horrific time. salaries are lower after residency but you have to figure that you will have no debt, no medical or insurance bills, and they give you bonus pay. so if you go into family practice, peds, internal medicine, it is an excellent deal. if you plan on surgery, or ob/gyn, etc. you might be better off not taking the scholarship...unless of course you are really attracted to the military lifestyle.
here's my advice. ask around and talk to people who have gone through the program. be well informed and make sure that you are ready to commit at least 4 years to the military.
SEARCH the forum because there are tons of stuff about HPSP. email me if you like for more info and my reasons for applying.
~jay
COMP '05
[This message has been edited by pyoj (edited 01-29-2001).]
[This message has been edited by pyoj (edited 01-29-2001).]