Loan repayment

(a) Physicians and dentists shall be eligible to have 100% of their total debt, not to exceed $120,000, repaid by the Program over 4 years of service. For each year of participation, the Program will repay loan amounts according to the following schedule: (1) For the 1st year of service, 18% of their total debt, not to exceed $21,600; (2) For the 2nd year of service, 26% of their total debt, not to exceed $31,200; (3) For the 3rd year of service, 28% of their total debt, not to exceed $33,600; and (4) For the 4th year of service, 28% of their total debt, not to exceed $33,600. (b) Other health professionals shall be eligible to have 100% of their total debt, not to exceed $66,000, repaid by the Program over 4 years of service. For each year of participation, the Program will repay loan amounts according to the following schedule: (1) For the 1st year of service, 18% of their total debt, not to exceed $11,800; (2) For the 2nd year of service, 26% of their total debt, not to exceed $17,200; (3) For the 3rd year of service, 28% of their total debt, not to exceed $18,500; (4) For the 4th year of service, 28% of their total debt, not to exceed $18,500. (c) The Director is permitted to increase the dollar amount of the total loan repayment annually to adjust for inflation. All quarterly disbursements shall be adjusted accordingly.