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NJ Looking at Forgiving Medical School Loans

New doctors in New Jersey could have their medical school loans forgiven if they practice in low-income communities for a decade.

Money
Flickr User Keith Ramsey

The state Assembly’s higher education committee unanimously advanced the measure on Monday.

Under the proposal, a physician would have to commit to working in a clinic in an area underserved by doctors, including working full-time in clinical care for four years.

The doctor would also have to live in New Jersey to qualify.

Some advocates say the program could help reduce a shortage of physicians in the state.

The bill would also provide $2 million to get the program started.

The bill now heads to the Assembly budget committee. It has not been taken up by the state Senate.

 

(Copyright 2013 by The Associated Press.  All Rights Reserved.)

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