La. Admin. Code tit. 28 § IV-2311
Current through Register Vol. 50, No. 11, November 20, 2024
Section IV-2311 - Completion of Promissory Note and Acceptance of AwardA. Prior to receiving an award, the recipient must agree to the terms and conditions contained in and execute the Tuition Payment Program for Medical Students promissory note (promissory note). The promissory note obligates the recipient to initiate a primary care practice in a designated area upon the completion of a primary care residency program. The recipient shall complete the primary care residency program within four years of the date of graduation from medical school and shall initiate the fulltime practice of medicine as a primary care physician in a designated area within six months from the date of completion of the residency program. The designated area in which the recipient initiates practice shall be that area designated in the notice required by §2309 B, above, or such other designated area chosen by the recipient, upon completion of the residency program. The promissory note shall provide that if the area chosen in the notice provided for in §2309 B, above, is no longer a "designated area at the time the recipient finishes the residency program, it shall continue to be considered a designated area for purposes of discharge of the loan amount under these rules. The recipient shall be deemed to be in a full-time primary care practice if the recipient performs direct patient care for an average of at least 36 hours per week in a normal annual work schedule. Should a recipient fail to enter into the practice of medicine on a full-time basis as a primary care physician within the time specified herein, the loan shall be placed in a repayment status and double the amount of the loans shall be repaid together with all accrued interest and any collection costs incurred by the board, as specified in the promissory note and as required by §2313, below.La. Admin. Code tit. 28, § IV-2311
Promulgated by the Student Financial Assistance Commission, Office of Student Financial Assistance, LR 25:1462 (August 1999), repromulgated LR 27:1874 (November 2001), amended LR 31:42 (January 2005), Amended by the Board of Regents, Office of Student Financial Assistance, LR 44572 (3/1/2018).AUTHORITY NOTE: Promulgated in accordance with R.S. 17:3041.10-3041.26.