SECTION 23.70. Amount of Repayment Assistance

(a) A physician who first established eligibility for the program based on an application submitted before September 1, 2019, and whose total student loan indebtedness is at least $160,000 may receive repayment assistance based on full-time service for the following amounts:

(1) for the first service period, $25,000;

(2) for the second service period, $35,000;

(3) for the third service period, $45,000;

(4) for the fourth service period, $55,000.

(b) If a physician first established eligibility for the program based on an application submitted before September 1, 2019, with total student loan indebtedness less than $160,000, the annual loan repayment amounts based on full-time service will be the amounts required to repay the indebtedness over a period of four years, with annual increases that are proportional to the annual increases for physicians whose student loan indebtedness is at least $160,000.

(c) A physician who first established eligibility for the program based on an application submitted on or after September 1, 2019, and whose total student-loan indebtedness is at least $180,000, may receive repayment assistance based on full-time service for the following amounts:

(1) for the first service period, $30,000;

(2) for the second service period, $40,000;

(3) for the third service period, $50,000;

(4) for the fourth service period, $60,000.

(d) If a physician first established eligibility for the program based on an application submitted on or after September 1, 2019, with total student-loan indebtedness less than $180,000, the annual loan repayment amounts based on full-time service will be the amounts required to repay the indebtedness over a period of four years, with annual increases that are proportional to the annual increases for physicians whose student loan indebtedness is at least $180,000.

(e) A physician may receive prorated loan repayment assistance based on the percentage of full-time service provided for each service period, if providing direct patient care for a minimum of 20 hours per week for each service period.

Source Note: The provisions of this §23.70 adopted to be effective November 30, 2009, 34 TexReg 8524; transferred effective December 15, 2016, as published in the Texas Register November 25, 2016, 41 TexReg 9341; amended to be effective December 5, 2019, 44 TexReg 7383