medical student loans
SB 1109 makes changes to the statutes that govern the Board of Medical Student Loans (Board) and continues the Board for 10 years.
In 1977, laws were passed establishing the Board of Medical Student Loans to provide financial assistance to Arizona-residing medical students who agree to practice medicine in rural and other medically underserved areas once school and residency training are complete. The state forgives one year’s worth of loan for each year spent in a rural or medically underserved areas of the state.
In May 2000, the Arizona Office of the Auditor General (OAG) conducted a performance audit of the Board and reported to the Legislature. The OAG recommended the Board propose legislation that would: 1) include additional areas where doctors can fulfill service obligations as approved by the Board; 2) define rural or give the Board rule-making authority to adopt a definition; and 3) include the amount of time the Board tracks doctors who have completed their service obligations, yet continue to practice in rural and medically underserved areas.