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Physician/Community Match Loan Program


Overview

The State of Oklahoma sponsors this program through the Physician Manpower Training Commission and a rural Oklahoma community (50%-50%) provide matching funds in order to:

  • Provide financial assistance to the primary care physician in setting up a practice in a selected community in Oklahoma.
  • Provide medical care for citizens of Oklahoma, particularly those in communities of less than 10,000 population.

 Eligibility

  1. Applicant desires to practice in an Oklahoma community that is participating in the Match Program.
  2. Applicant graduated from an accredited medical or osteopathic college, successfully completed a postdoctoral program in primary care, and preparing to set up initial practice or currently practicing a primary care specialty as approved by the Physician Manpower Training Commission.
  3. Applicant has not previously received funding through PMTC scholarship programs.
  4. Applicant has no other assistance which has a conflicting service obligation requirement.
  5. Specialties other than primary care may be approved by PMTC if a valid need exists in a matching community.
  6. Applicant must not be currently practicing in a rural Oklahoma community.
  7. Not currently on a J-1 Visa.

Amount of Loan

$40,000.00 maximum - $20,000 minimum
A lump sum payment provided when the physician begins practice in the matching community.

Obligation

A minimum of two years of practice in the matching community for each $20,000.00 and a minimum of three years for each $40,000.00 received (50% state funds and 50% community funds). The loan is forgiven after completion of the practice obligation.

Liquidated Damages
If the physician decides not to fulfill his/her practice obligation to a matching community he/she would owe in lump sum the principal, interest and up to 100% penalty.

Application

Contact

Janie S. Thompson, M.Ed.
Physician Programs Coordinator 
5500 North Western Avenue, Suite 201
Oklahoma City, OK 73118
T: (405) 843-5667
F: (405) 843-5792
janie.thompson@pmtc.ok.gov