Indiana Code 21-13-6-5. Student loan forgiveness payments
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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.
(1) The balance of the physician’s total amount of student loans.
(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:
Terms Used In Indiana Code 21-13-6-5
- primary care physician: means a physician who practices in any of the following areas:
Indiana Code 21-13-6-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(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.