N.Y. Education Law § 677-a: Physician loan repayment program

§ 677-a. Physician loan repayment program. 1. Certification.

Physician loan repayment awards shall be awarded each year. Such awards

shall be allocated as provided in article nine of the public health law

to eligible physicians as certified to the president by the commissioner

of health.

2. Duration. Each award shall entitle the recipient to an annual award

and a recipient shall be eligible for no more than two academic years

and no more than four years in post-residency placement.

3. Calculation of award amounts. The president shall be responsible

for calculating the dollar amount of each award that eligible candidates

may receive from this program pursuant to section nine hundred three of

the public health law. For the purposes of this section, student loan

expense shall mean the cumulative total of the annual student loans

covering the cost of attendance at an undergraduate institution and/or

medical school. Interest paid or due on student loans that an applicant

has taken out for use in paying for such undergraduate and/or medical

education shall be considered eligible for reimbursement under this

program.

4. Award disbursement. Annual award disbursements shall be the

responsibility of the president.