Texas’ Physician Loan Repayment Program Gets 500% Funding Increase

The Texas legislature has approved a 500 percent increase in funding for the Physician Education Loan Repayment Program, according to a Dallas/Fort Worth Healthcare Daily report.

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The program pays physicians who agree to practice for four years in a primary care physician shortage area up to $160,000 to repay their medical school loans, according to the report.

The legislature approved a budget of $33.8 million for the program, up from just $5.7 million in 2012-2013. Officials hope to have 100 physicians in the program by Aug. 31, the deadline to apply, according to the report.

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