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Founders' Award Scholarships NOT AVAILABLE TO NEW APPLICANTS AT THIS TIME Guidelines & Application Procedures The Tucson Osteopathic Medical Foundation is offering awards to residents of Arizona attending AOA accredited colleges of osteopathic medicine. Applicants from southern Arizona will be given SPECIAL consideration. All candidates will be selected on an objective basis without discrimination on the basis of race, sex, age, creed, national origin or physical disability. The Founders' Awards honor the five osteopathic physicians who were the original incorporators of the southern Arizona's first osteopathic hospital, Tucson General Hospital. The loans are named for these five men: John W. Duncan, D.O.; Homer M. Fredericks, D.O.; Robert W. Grant, D.O.; Coy L. Purcell, D.O.; and Carlton E. Towne, D.O. Eligibility •Applicant must be an Arizona resident, defined as any
person who maintains a twelve-month place of residence in Arizona,
prior to entering a college of osteopathic medicine. •Applicant must be seeking a D.O. degree. Terms and Conditions 1. Awards in the form of loans may vary in size. A total of $75,000 will be available for all awards made during the 2007-08 academic year. 2. Under the terms of the loan program, students will be awarded loans at interest rates comparable to currently available educational loan programs. 3. Loan recipients will be forgiven 20% of the loan for every year the loan recipient maintains his/her principal medical practice in one of the seven counties of southern Arizona delineated above. Notwithstanding the forgiveness of the loan provision, no portion of a loan already paid back will be reimbursed to an applicant. 4. The loan is interest free during the formal in-school period, internship and residency. 5. Loan payments and interest accumulation may be deferred during other advanced professional training and military service at the sole discretion of TOMF. 6. After deferred period has terminated, if the recipient has not established a primary practice in southern Arizona, full payment will be required (principal plus interest) within a maximum repayment schedule of five years. 7. The loan must be co-signed by an Arizona resident. 8. A promissory note must be agreed to and signed by each recipient. 9. It is the responsibility of the loan recipient to annually provide the Tucson Osteopathic Medical Foundation with a statement of status. In the case of currently enrolled students at colleges of osteopathic medicine, this statement should consist of a signed letter from the registrar's office attesting that the recipient is a student in good standing. In the case of interns or residents, this statement should consist of a signed letter from the office of the Director of Medical Education or the office of the Medical Director. This statement must be received at the Foundation by October 1 of each year. As outlined in section 11, of these terms, failure to provide such a statement will cause the loan to become due in the case of a student. In the case of an intern, failure to provide such a statement will cause the loan to become active, with interest beginning to accumulate and payments due. 10. It is the responsibility of the loan recipient to maintain a current, accurate mailing address with the office of the Tucson Osteopathic Medical Foundation. This is the address to which all official notices will be sent. The Foundation cannot take responsibility for notices which are not delivered due to recipient failing to maintain a current address. 11. The whole loan becomes due, with or without notice from the
lender, if the recipient: Collections will be handled by the Tucson Osteopathic Medical Foundation. However, TOMF may, at its sole discretion, assign the loan to a third party. A payment book will be generated for monthly payment, or TOMF may bill the recipient monthly at its sole discretion. Physicians taking advantage of the forgiveness provision must
demonstrate to TOMF's satisfaction that more than 50% of their
practice is situated in southern Arizona. Applications mailed to any other address may not be accepted. The Tucson Osteopathic Medical Foundation reserves the right not to process applications found to be incomplete as of the application deadline. The selection committee reserves the right to request such additional information as it deems necessary. A decision on your application will be made by MAY 30, 2007. If you are selected, funds will be available after July 1, 2007 and will be paid directly to the institution in which you are enrolled. Mail to: Tucson Osteopathic Medical Foundation
Please Remember: Application & two letters of recommendation by March 15, 2007. 2007 - 2008 Financial Aid Form by March 15, 2007. For additional opportunities from other osteopathic organizations, please go to our links page. |
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