Oklahoma Medical Loan Repayment Program

September 9, 2019by Riley Hendrickson0
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Through the Oklahoma Medical Loan Repayment Program, Oaklahoma residents are given access to medical care and services in rural and underserved areas with special emphasis to Medicaid and Medicare recipients. Applicants may be able to qualify for up to $160,000 in student loan forgiveness. Read on to see eligibility requirements, award amounts, and the application process for the Nursing Student Loan Forgiveness Program of Florida.

Eligibility?

In order to be eligible for the Oklahoma Medical Loan Repayment Program, you must meet the following criteria:

  • Be licensed to practice medicine in Oklahoma.
  • Be a primary care physician.  Primary care includes family medicine, geriatrics, general internal medicine, general pediatrics, obstetrics/gynecology or emergency medicine.
  • Have legitimate, documented medical educational loans.
  • Not have any service obligation that would conflict with this obligation.
  • Not be currently practicing in a rural Oklahoma community.
  • Not currently on a J-1 Visa.

Find a full breakdown of this programs eligibility requirements through their website.

How much can I expect to be awarded? 

Through the Oklahoma Medical Loan Repayment Program, applicants may be able to receive up to $160,000 towards their student loans. $160,000.00 is the maximum amount you can accrue over four years. $25,000 for the first year, $35,000 for the second year, $45,000 for the third year and $55,000 for the final year. These numbers are based on the number of educational loans to be repaid. Lump-sum yearly payments are made at the conclusion of each obligated practice year. Financial assistance may be extended to a maximum of four years.

What loans qualify for this program?

• Stafford loans
• Grad PLUS loans
• Consolidation loans
• Perkins loans
• Private student loans

Please Note: Only loans obtained to cover nursing educational expenses or living expenses while studying nursing are eligible.

How do I apply for this repayment program?

In order to apply for the Oklahoma Medical Loan Repayment Program, you will need to go through their application packet. Once downloaded, complete and fill out the packet and send it to this address:

Physician Manpower Training Commission

5500 North Western Avenue, Suite 201

Oklahoma City, Oklahoma 73118

(405) 843-5667 FAX (405) 843-5792

Should you have any questions while applying for this program or about this program in general, please follow the contact information below:

Janie S. Thompson
Deputy Executive Director
Email: [email protected]
5500 North Western Avenue, Suite 201
Oklahoma City, OK 73118
T: (405) 843-5667
F: (405) 843-5792

For all documents pertaining to this program, head over to the official program site.

Questions?

If you still have questions or would like to know more information please reach out to us here or you can go back to the Student Loan Repayment Assistance Programs page.

 

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