1) Doctors Across New York
Service Requirement: Recruited physicians must make a five-year commitment to the position.
Who can Apply: US Citizen; someone who has a connection to NYS either high school, college, medical school or residency program.
Repayment/Scholarship terms: Loan repayment of up to $150,000 over five years. Practice support of up to $100,000 over 2 years.
Amount of Repayment per Year of Service: The maximum award is for $150,000 over a five-year period.
Additional Information: DOH link includes all awards, the Healthcare Association of NYS includes awards made to its members. http://nyhealth.gov/funding/rfa/0810080949/awards.htm http://nyhealth.gov/funding/rfa/0810080408/awards.htm
Name, title: Caleb Wistar
Agency name: NYS Department of Health
Address: Corning Tower, Room 1084, Albany, NY 12237-0053
Phone: (518) 473-7019
FAX: (518) 474-0572
Name, title: Sherry Chorost, Director of Workforce
Agency name: HANYS
Address: 1 Empire Drive,Rensselaer, NY 12144
Phone: (518) 431-7726
2) Regents Physician Loan Forgiveness Award Program
Eligibility: To be considered for a Regents Physician Loan Forgiveness Award, applicants must meet the following eligibility criteria:
A. Applicants must be licensed to practice medicine in New York State.
B. 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 2014 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.
C. Applicants must be residents of New York State.
D. Applicants must also be:
1. citizens of the United States, or
2. aliens lawfully admitted for permanent residence in the United States, or
3. individuals of a class of refugees paroled by the Attorney General of the United States under the parole
authority pertaining to the admission of aliens to the United States.
E. Applicants cannot currently be a recipient of any of the Federal Loan Physician Repayment Award programs.
Service Requirement: Award recipients must agree to practice medicine in an area of New York State designated by the Regents as having a shortage of physicians for a period of twelve months for each annual payment received. Such practice shall mean full-time (at least 35 hours per week) employment in direct patient care in the designated shortage area being served or to the designated population being served. However, in no case shall the total number of months of service required be less than twenty-four. Award recipients must agree to serve all patients regardless of ability to pay. A sliding fee scale can be established for the uninsured based on income. Physicians in training who receive an award will not receive credit toward their required service for time spent in training programs. Payments received during training will be for service expected after training is completed. Such service will commence within six months from the date of notification of the award or within three months of completion of residency if the recipient is presently in a residency program.
Recipients further acknowledge that if he/she fails to comply with requirements concerning this service agreement, the full amount of all award monies plus interest will be subject to repayment. The repayment amount will be determined by the formula:
A = 2 B(t-s)
in which "A" is the amount to be repaid; "B" is the sum of all payments made to the recipient and the interest on this amount which would be payable if, at the time such payments were made, they were loans bearing interest at the maximum prevailing rate; "t" is the total number of months of obligated service; and "s" is the number of months of service actually rendered. Any amount which the President of the Higher Education Services Corporation is entitled to recover under this paragraph shall be paid within the five-year period beginning on the date that the recipient failed to comply with the service conditions. In the event that repayment is required, a recipient agrees to the exercise of jurisdiction over this cause of action by the courts of New York State and to the execution of a judgment rendered by the New York courts in any jurisdiction. A formal service agreement will be mailed to successful candidates when they are offered an award.
Who can Apply: See Eligibility (all inclusive).
Repayment/Scholarship terms: No Repayment.
Amount of Repayment per Year of Service: Maximum payment per two-year award is $20,000, up to a cumulative maximum of $40,000. Each annual payment is limited to a maximum of $10,000. Physicians who have incurred more than $20,000 in eligible expenses may reapply for an additional two-year award. Physicians who are in default of a student loan are not eligible for a Regents Physician Loan Forgiveness Award.
Note: Physicians who are awarded the Regents Physician Loan Forgiveness Award are provided with IRS Form 1099 (miscellaneous) for their tax records. Award recipients should contact their tax advisor for possible tax implications of these awards.