South Carolina was the first state to create a student loan forgiveness program designed to attract doctors who specialize in helping senior citizens.
The program will forgive up to $35,000 of students loan debt incurred during medical school for each year of specialized fellowship training in geriatric medicine undertaken by successful applicants.
Dr. Victor Hirth chairs the committee which reviews applications. He says $35,000 helps doctors to make up their minds. “The average medical school debt now is a little more than $120,000,” he says. “That’s for public universities. For private universities it’s higher.”
In its four years of operation,the program has brought 15 additional geriatric specialists to the state, increasing the overall number by 30 percent. [Read more...]







