§ 7–751.08(Perm). 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.

(a-1) Physicians who specialize and practice in obstetrics and gynecology, psychiatry, or other medical specialties specifically identified by the Director shall be eligible to have 100% of their total debt, not to exceed $200,000, repaid by the Program over 4 years of service; provided, that the participants provide full-time service in Ward 7 or 8. For each year of participation, the Program will repay loan amounts according to the following schedule:

(1) For the first year of service, 18% of their total debt, not to exceed $36,000;

(2) For the second year of service, 26% of their total debt, not to exceed $52,000;

(3) For the third year of service, 28% of their total debt, not to exceed $56,000; and

(4) For the fourth year of service, 28% of their total debt, not to exceed $56,000.

(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.