The Kansas Bridging Plan (KBP) is a loan forgiveness program designed to encourage primary care and psychiatry resident physicians to practice in rural Kansas upon completion of residency training.
Each year the State of Kansas funds up to 13 slots for primary care and 3 slots for psychiatry. Matching funds from the State and a health care organization provide a combined financial incentive of at least $26,000 ($10,000 from State funds available during residency) in exchange for a 36-month commitment to practice in an eligible Kansas community upon completion of residency training.
The organization with which a KBP recipient signs a practice commitment agreement (contract) is encouraged to match the State's loan amount up to $10,000, and loan at least another $6,000 upon completion of residency training, for a total of a minimum $16,000. Organizations can determine how they want to participate in KBP by matching funds during residency, at the end of the practice agreement, or create other unique options.
Although the practice agreement is a private contract between the KBP recipient and the organization, a sample contract is available for organizations to use as a model. Sample Practice Commitment Agreement
Health care organizations located in 100 out of 105 Kansas counties are eligible to be a KBP practice site. Excluded counties include Douglas, Johnson, Sedgwick, Shawnee, and Wyandotte.
How to Participate
Many KBP resident physicians begin searching for a practice opportunity during their first year of residency. The Kansas Recruitment and Retention Center can assist organizations in connecting with KBP recipients by notifying those who meet the postion requirements of the available career opportunity, and scheduling interviews with those interested in the opportunity and location. Email email@example.com for details.
How is the Loan Forgiven?
Although an organization's portion of the KBP loan is governed by a private contract with the resident physician, many health care organizations choose to model their loan forgiveness contract after the one that the State uses. Residency Loan Agreement
In the State's contract, because the duration of the KBP service obligation is 36 months, the loan principal is divided into 36 equal payments and is forgiven by that amount on a monthly basis as long as the resident practices medicine/psychiatry in compliance with the KBP Residency Loan Agreement. Interest on the loan is also forgiven on a monthly basis. Interest, at the annual rate of 15%, begins accruing on the principal balance on the date the money was received by the resident. Interest that accrues during residency training is forgiven all at once after the first month the physician practices in compliance with the Residency Loan Agreement. Thereafter, the amount forgiven each month is equal to monthly principal amount (1/36th of the total amount loaned) plus the interest that accrues monthly on the remaining principal balance.