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Home » US Law » 2020 Arkansas Code » Title 6 - Education » Subtitle 6 - Postsecondary Education — Financial Assistance Programs » Chapter 81 - Student Loans » Subchapter 18 - Osteopathic Rural Medical Practice Student Loan and Scholarship Program

§ 6-81-1801. Creation

There is established within the Division of Higher Education the Osteopathic Rural Medical Practice Student Loan and Scholarship Program to be administered by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board.

§ 6-81-1802. Definitions

As used in this subchapter: (1) “Medically underserved” means an area in Arkansas that the Osteopathic Rural Medical Practice Student Loan and Scholarship Board determines has unmet needs for medical services due to factors, including without limitation: (A) The ratio of primary care physicians to population; (B) The infant mortality rate; (C) The percentage of: […]

§ 6-81-1803. Osteopathic Rural Medical Practice Student Loan and Scholarship Board

(a) (1) There is established the Osteopathic Rural Medical Practice Student Loan and Scholarship Board composed of: (A) One (1) representative of each medical school in Arkansas that is not the University of Arkansas for Medical Sciences; (B) One (1) representative of the Arkansas Osteopathic Medical Association, who shall serve as vice chair; (C) Two […]

§ 6-81-1804. Loan applications — Medical students and medical school graduates

(a) An individual may apply for a loan under this subchapter on forms prescribed by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board if the individual is: (1) Accepted for admission to or enrolled in good standing in a medical school in Arkansas in studies that lead to the degree of Doctor of […]

§ 6-81-1805. Medical students — Investigation after application

When an osteopathic rural medical practice loan application is filed with the Osteopathic Rural Medical Practice Student Loan and Scholarship Board, the board shall examine the application, investigate the ability, character, and qualifications of the applicant, and investigate the financial standing of the applicant or his or her parents to determine whether the applicant is […]

§ 6-81-1806. Medical students — Purpose of loan

Osteopathic rural medical practice loans provided for in this subchapter shall be made for the sole purpose of paying the applicant’s tuition, maintenance, and educational expenses and the necessary living expenses of his or her dependents while the applicant is enrolled in a program of medical education as described in this subchapter.

§ 6-81-1807. Medical students — Eligibility for initial and renewal loans

(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board may make osteopathic rural medical practice loans to the applicant, each osteopathic rural medical practice loan being expressly made subject to the provisions of § 6-81-1809(c) and § 6-81-1810, if the board finds that: (1) The applicant is a bona fide resident of Arkansas; […]

§ 6-81-1808. Maximum amount of loans

(a) The maximum amount of each osteopathic rural medical practice loan for osteopathic medical students shall not exceed sixteen thousand five hundred dollars ($16,500) per academic year or those costs that are reasonable and necessary for the student’s attendance as determined by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board. (b) (1) The […]

§ 6-81-1810. Funding of loans

(a) (1) All payments for osteopathic rural practice loans and community match loans under this subchapter shall be made on requisitions signed by the Chair of the Osteopathic Rural Medical Practice Student Loan and Scholarship Board drawn against the funds held for the purpose of this subchapter. (2) These funds, consisting of state appropriations so […]

§ 6-81-1811. Annual report

(a) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board shall make an annual report to the Governor concerning the activities of the board and shall file a copy of its report with the Legislative Council. (b) (1) The report under subsection (a) of this section shall include: (A) The names of the recipients […]

§ 6-81-1812. Dispute resolution — Determination of breach

(a) Any applicant for a loan or income incentive issued by the Osteopathic Rural Medical Practice Student Loan and Scholarship Board, any person who has been granted a loan or has been granted income incentives by the board, or any party to an osteopathic rural medical practice or community match loan or income incentive may […]

§ 6-81-1813. Medical school graduates — Community match contract — Eligibility

(a) (1) The Osteopathic Rural Medical Practice Student Loan and Scholarship Board shall administer the Community Match Rural Physician Recruitment Program. (2) (A) Interested rural communities may apply to the Osteopathic Rural Medical Practice Student Loan and Scholarship Board to participate in the program as a qualified rural community. (B) The Osteopathic Rural Medical Practice […]

§ 6-81-1815. Medical school alternates — Rural medical practice loans

(a) If an alternate on the waiting list for acceptance to an osteopathic medical school in Arkansas demonstrates a willingness to enter into an osteopathic rural medical practice loan contract and meets the requirements of § 6-81-1807, the applicant shall be moved to the top of the waiting list upon entering into an osteopathic rural […]

§ 6-81-1816. Tracking loan contract compliance

An osteopathic medical school in Arkansas shall: (1) Track graduates who were recipients of osteopathic rural medical practice loans under this subchapter for the length of their contractual obligations; and (2) Report to the Legislative Council by October 1 of each even-numbered year regarding the compliance of those graduates with the terms of their contracts.