Sec. 5. (a) The money in the fund must be used to provide annual student loan forgiveness payments to qualified primary care physicians who are residents of Indiana and practice medicine in Indiana.
(b) Subject to section 8 of this chapter, a student loan forgiveness payment awarded in a particular year under this section is equal to the lesser of the following amounts:
(1) The balance of the physician's total amount of student loans.
(2) Five thousand dollars ($5,000).
(c) A primary care physician is eligible for a student loan forgiveness payment under this section each year that the individual meets the qualifications under section 6 of this chapter.
As added by P.L.170-2009, SEC.4.
Structure Indiana Code
Article 13. Occupational Scholarships and Grants
Chapter 6. Primary Care Physician Loan Forgiveness Program
21-13-6-1. "Primary Care Physician"
21-13-6-2. Primary Care Physician Loan Forgiveness Program
21-13-6-3. Primary Care Physician Loan Forgiveness Fund
21-13-6-4. Administration of Fund
21-13-6-5. Student Loan Forgiveness Payments
21-13-6-6. Requirements for Student Loan Forgiveness Program
21-13-6-7. Medical Education Board Reports