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IN SB0249
Bill
AI Summary
- Creates a student loan forgiveness program for psychiatrists who are Indiana residents and practice in rural areas (defined as territory outside city or town corporate limits)
- Provides up to $20,000 annually for psychiatrists who meet the minimum percentage threshold of rural practice, or up to $10,000 annually for those practicing at least 50% but below the threshold in rural areas
- Limits forgiveness payments to a maximum of 5 years per eligible psychiatrist
- Establishes a dedicated fund supported by legislative appropriations and gifts, with unused money rolling over each fiscal year rather than reverting to the general fund
- Administered by the Commission for Higher Education in coordination with the Indiana Professional Licensing Agency and Medical Licensing Board of Indiana
Legislative Description
Psychiatrist student loan forgiveness program. Establishes a psychiatrist student loan forgiveness program to be used to provide student loan forgiveness payments to qualified psychiatrists who are residents of Indiana and practice psychiatric medicine in rural areas in Indiana. Provides that the commission for higher education shall, in coordination with the Indiana professional licensing agency and the medical licensing board of Indiana, administer the program. Establishes the psychiatrist student loan forgiveness program fund.
Last Action
Senator Stoops added as coauthor
2/5/2019
Committee Referrals
Health and Provider Services1/3/2019
Full Bill Text
No bill text available