New York Regents Physician Loan Forgiveness Award Program
The purpose of the Regents Physician Loan Forgiveness Award Program is to increase the number of physicians practicing in areas of New York State designated by the New York State Board of Regents as having a shortage of physicians. Emphasis is placed on primary care.
To be considered for a Regents Physician Loan Forgiveness Award, applicants must meet the following eligibility criteria:
- Applicants must be licensed to practice medicine in New York State
- Applicants must have completed a professional residency program within the five years immediately preceding the period for which the first award would be granted or will complete training in 2016 in an accredited residency program in family practice, pediatrics, internal medicine, emergency medicine or obstetrics. Psychiatry is also considered primary care in certain State facilities.
- Applicants must be residents of New York State.
- Applicants must also be:
- citizens of the United States, or
- aliens lawfully admitted for permanent residence in the United States, or
- individuals of a class of refugees paroled by the Attorney General of theUnited States under the parole authority pertaining to the admission of aliens to the United States.
- Applicants cannot currently be a recipient of any of the Federal Loan Physician Repayment Award programs.
Pending the appropriation of State funds during the yearly session of the New York State legislature, at least 80 awards up to $10,000 per year for two years are offered. Award amount is based on undergraduate and medical school student loan amounts, loan interest expense, and income.
Applications and information are available from the Office of K-16 Initiatives and Access Programs, Scholarships and Grants Administration Unit by February of the competition year.
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Consolidation loans
- Perkins loans
You will need to complete the application found on this website.