RI coalition offers student loan aid for doctors
PROVIDENCE -- A coalition of Rhode Island health care organizations is offering to help pay student loans for doctors who become primary case physicians in the state.
Under the program announced yesterday, doctors would be eligible for up to $20,000 in loan forgiveness annually for four years.
A $1.1 million fund has been established with a one-time contribution of $500,000 from Blue Cross & Blue Shield of Rhode Island and $600,000 from the Rhode Island Foundation.
The foundation's contribution comes from a fund created by a $20 million payment from Blue Cross that was part of a settlement of corruption charges involving its executives and state lawmakers.
Rhode Island, like the nation, is suffering from a shortage of primary care physicians as doctors go into more lucrative specialties.
Information from the Providence Journal was used in this report.