Student loan repayment program
Read this section in the full bill →
This section appears in one version only, so there is nothing to compare yet.
(a) In general The Secretary shall carry out a loan repayment program under which the Secretary enters into agreements with eligible Health Disparity Zone practitioners to make payments on the principal and interest of the eligible educational loans of such practitioners for each year such practitioners agree to provide health care services in a Health Disparity Zone. (b) Limitations In entering into loan repayment agreements under this section, the Secretary may not agree to— (1) make payments for more than 10 years with respect to a practitioner; or (2) pay more than $10,000 per year, or more than a total of $100,000, with respect to a practitioner. (c) Ineligibility for double benefits No borrower may, for the same service, receive a reduction of loan obligations or a loan repayment under both— (1) this section; and (2) any federally supported loan forgiveness program, including under section 338B, 338I, or 846 of this Act, or section 428J, 428L, 455(m), or 460 of the Higher Education Act of 1965. (d) Definitions In this section: (1) The term eligible educational loan means any federally funded or guaranteed student loan as determined appropriate by the Secretary in coordination with the Secretary of Education. (2) The term eligible Health Disparity Zone practitioner means a Health Disparity Zone practitioner who agrees— (A) to provide health care services in a Health Disparity Zone for a specified period that is not less than one year; and (B) has one or more eligible educational loans.