Physician corps loan repayment program now accepting applications December 21, 2015 General Steven M. Thompson, Early Career/Young Physician, Medical School Debt, Medical School Loans 0 Applications are now being accepted for the next cycle of the Steven M. Thompson Loan Repayment Program. Award recipients will receive up to $105,000 to repay educational loans in exchange for a three-year service commitment in a medically underserved area of the state. The program was created in 2002 through legislation sponsored by the California Medical Association. Applicants should note that this application cycle closes on February 29, 2016, a month later than usual. According to the Health Professions Education Foundation, the deadline has been extended to allow time for more outreach efforts and to give applicants more time to complete their applications. To be considered for an award, you must: Have a valid, unrestricted license to practice medicine in California Be free of any contractual service obligations (i.e., the National Health Service Corps Federal Loan Repayment Program or other financial incentive programs) Have outstanding educational debt from a government or commercial lending institution Be currently employed or have accepted employment in a federally designated "health professional shortage area" in California For application, eligibility and program questions, contact the Health Professions Education Foundation at (800) 773-1669 or email Jimmy.Miranda@oshpd.ca.gov. Click here for more information. Comments are closed.