Family Medicine Scholarship: 2019 application for N.C. Academy of Family Physicians Foundation scholarship

The North Carolina Academy of Family Physicians Foundation has established a program to grant scholarships to medical students seeking a profession in family medicine. Approval of a scholarship request will be based on the individual’s sincere interest in the specialty of family medicine with some consideration given to financial need.

NOTE: If a scholarship recipient does not complete his/her residency in the specialty of Family Medicine, the scholarship will convert to a loan. The interest (currently 10.3%) will accrue from the date funds were disbursed, and payback will commence upon completion of residency training.

This form and a current curriculum vitae must be submitted by 11:59 pm August 1st, 2019. Incomplete submissions will not be considered.

You are encouraged to review this in entirety before beginning your application. If you have questions before getting started or at any point during the application process please contact Tracie Hazelett: via e-mail: thazelett@ncafp.com, voice: 919-980-5357 or text: 919-210-7409.

Thank you for your interest!
Tracie

NOTE re: Curriculum Vitae. Please submit as a WORD DOCUMENT (no pdfs please) to Tracie via email at: thazelett@ncafp.com

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REGULATIONS GOVERNING SCHOLARSHIPS

1. The student must be attending medical school within the State of North Carolina to be eligible to receive a scholarship.

2. The Board of Trustees of the NCAFP/Foundation will consider each application on its own merits and will grant a scholarship at their discretion.

3. In considering an application, the Trustees will be guided by the applicant’s sincere interest in the specialty of family medicine with consideration given to financial need.

4. Upon approval of a scholarship, the recipient will be required to:
a) Sign a Scholarship Agreement for the total amount of the scholarship.
b) Submit a letter to the NCAFP Foundation from their medical school registrar verifying enrollment, anticipated date of graduation and good academic standing.

5. Scholarship recipients will be required to provide certification of enrollment at the medical school or family medicine residency program on an annual basis.

6. If an applicant fails to complete his/her 3 or 4-year residency in the specialty of Family Medicine, or if he/she completes a residency in a specialty other than Family Medicine, the scholarship will convert to a loan. It is currently the policy of the Board to defer loan repayment until residency training has been completed. Payback is made in three equal annual installments plus accrued interest at an initial rate of 10.3% per annum. If the recipient fails to commence payback when due, the interest rate will increase by 1% each year until the payment is received in full. However, the Trustees shall have authority to extend the period during which the repayment of any loan is to be made or to adjust the principal repayments due thereon, upon their sole determination that the financial circumstances of the recipient of such loan warrant the same due to any mental or physical disability.

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