Utah Admin. Code R58-28-3 - Payment Eligibility-Payment Process
(1) A veterinarian shall register intent to
receive loan repayment assistance on a department form, and shall provide the
following information:
(a) name, address, and
other contact information;
(b) name
of employer and employer contact information;
(c) Utah veterinary license number under
Title 58, Chapter 28, Veterinary Practice Act; and
(d) qualifying practice type as defined in
Subsection R58-28-2(9).
(2)
(a) A
veterinarian shall practice in a qualifying practice type for a minimum of one
year after the date of registering intent with the department.
(b) A veterinarian who fails to practice in a
qualifying practice type for one year is not eligible for loan repayment
assistance from the department.
(c)
The department may extend the service period if the applicant takes a one-time
leave of absence for no more than six months for medical reasons or another
good cause.
(3) After a
qualified veterinarian has practiced for one year from the date of application,
they shall provide the following information to the department:
(a) hours and location of qualifying
work;
(b) employer certification of
worked hours;
(c) loan details
including loan servicer name, account information, and loan balance;
(d) whether they choose to reapply to receive
additional payments toward educational loan balances in the future;
and
(e) any other information the
department deems necessary for loan repayment assistance.
(4) Starting on July 1, 2024, the department
shall make payments of up to $20,000 to qualified veterinarians' lenders on a
first-come, first-served basis based on applications received.
(5) The payments:
(a) shall be directed toward a qualified
veterinarian's education loans; and
(b) may include charges associated with
paying off the education loan balance.
(6) Qualified veterinarians may reapply for
loan repayment for a maximum of five years or receive up to $100,000, whichever
comes first.
(7) Each applicant is
responsible for reporting loan repayment to the United States Internal Revenue
Service and addressing any potential tax liabilities resulting from the loan
repayment assistance.
(8) The
department may grant loan repayment assistance to qualified veterinarians only
to repay bona fide education loans.
(9) The department may not pay for an
educational loan of an applicant who is in default at the time of application
or during the service period.
(10)
Eligible applicants shall notify the department before changing their
qualifying practice type or relocating during the period of practice in
exchange for education loan assistance.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.