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Rural Medical Education Scholarship Loan Program

Sponsor
The State of Oklahoma, administered by the Physician Manpower Training Commission.

Objective
1. To assist Oklahoma's rural communities as approved by PMTC.
2. To provide financial assistance (through a scholarship loan forgiveness program) to residents of the State of Oklahoma who are enrolled in a medical college and who have as their goal the practice of primary care medicine in rural Oklahoma.

Eligibility
1. Agrees to practice in a qualified Oklahoma rural community.
2. Currently enrolled in (or has been accepted into) a medical college.
3. Plans to do internship/residency in a primary care specialty.
4. Has no other assistance which has a conflicting service obligation requirement.
5. Is a resident of the State of Oklahoma.

Amount of Loan
$60,000.00
* $15,000 each for first, second, third, and fourth years. Payable monthly.

Obligation
Service Obligation: One year of practice in a qualified Oklahoma rural community for each year of scholarship loan. (Must practice at least two years for any credit to be given.)

Penalty
If the medical school graduate goes into a residency program other than in primary care, payback of three times the principal and accrued interest may be due immediately.

If the physician decides not to repay his/her obligated scholarship loan by practicing medicine in rural Oklahoma, he/she may be required to repay three times the principal amount, plus interest in accordance with the terms of the contract.

Contact
Janie S. Thompson, M.Ed., Program Coordinator
Physician Manpower Training Commission
5500 North Western Avenue, Suite 201
Oklahoma City, OK 73118
(405) 843-5667 * FAX (405) 843-5792

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