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Loan Repayment/Forgiveness Programs Fact Sheet
    Repayment/ Oklahoma

Name of Program:

Oklahoma Medical Loan Repayment Program

Program Web site:

http://pmtc.ok.gov/oklahoma-medical-loan-repayment-program

Designation (Fund Source):

State

Eligible Specialties:

Family medicine, Geriatrics, General internal medicine, General pediatrics, Obstetrics/gynecology or Emergency medicine

Service Requirements (formerly Service Stipulation):

A minimum of 2 years practice. Loan Payments are made after each anniversary date. The first payment would be at the end of the first year of service in the amount of $25,000, at the end of the second year for $35,000, the third year $45,000 and the final year would be $55,000 for a total not to exceed $160,000 over a four year period. The physician must submit documentation of outstanding medical education debt with their application. If less than $160,000 is owed, the physician will be eligible for the outstanding debt amount only.

Who Can Apply:

Graduates from an accredited medical or osteopathic college, successfully completed a postdoctoral program in primary care, and preparing to set up an initial practice or relocate a primary practice to an approved rural Oklahoma setting.

Deadline(s):

Repayment/Scholarship terms:

If the physician decides not to fulfill the minimum 2 year obligation, he/she would owe in lump sum the amount received, plus interest and any collection costs.

Amount of repayment per year of service:

first yr. $25,000, second yr. $35,000, third yr. $45,000 and fourth yr. $55,000 for a total maximum of $160,000.

How to Apply:

Apply to: Physician Manpower Training Commission, 5500 N. Western Avenue, Suite 201 Oklahoma City, Oklahoma 73118

Additional Information/Comments:

For additional information go to the website

Contact person(s):

Name, title:

Charlotte Jiles,  Deputy Executive Director

Agency name:

Physician Manpower Training Commission

Address:

5500 N. Western Avenue, Suite 201 ,
Oklahoma City , OK 73118

Phone:

(405) 843-5667

FAX:

(405) 843-5792

E-Mail:

pmtc@pmtc.ok.gov

   
   
 

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