Texas Legislature Approves Fund Increase for Loan Repayment Program

The Texas Legislature has approved $33.8 million for the Physician Education Loan Repayment Program, which allows physicians who agree to serve four years in a primary care physician shortage area to apply for up to $160,000 to repay their medical school loans.

The appropriation is a 500 percent increase from the $5.7 million that funded the program in the 2012-13 budget. PERLP is in the works to expand further in 2014 to allow physicians who treat high levels of Medicaid patients to apply for the loan repayment, even if they do not practice in a physician-shortage area.

The deadline to apply for PELRP is Aug. 31; state officials hope that 100 physicians will be signed up by that date.

Posted in Education, News, Sectors.