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Committee approves $25 million loan-repayment plan to recruit health professionals
Summary
A committee substitute for SB14, backed by a broad coalition of health-provider groups, would create a $25 million loan-repayment program administered by HED to recruit physicians and allied health professionals to New Mexico with multi-year service commitments and partial‑time options; the committee gave the substitute a 9–1 due pass.
Senate Bill 14 (committee substitute) would create an expanded loan‑repayment and recruitment program for health professionals administered by the Higher Education Department (HED) and funded with a $25 million appropriation included in HB2. The substitute would allocate awards for physicians (minimum $75,000 per year, with option for a fifth year), and minimum awards of $40,000 per year for other eligible health professionals over three consecutive years. Applicants must document bona fide educational debt; awards cover loan repayment up to documented loan amounts plus a…
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