Code of Alabama - Title 16: Education - Section 16-47-125 - Repayment obligation may begin immediately upon discontinuation of medical education
Section 16-47-125 - Repayment obligation may begin immediately upon discontinuation of medical education.
Any recipient who fails for any reason to continue his or her medical education may, at the discretion of the board, be required to repay all loan amounts immediately with simple interest of eight percent annually from the date of his or her departure or removal from medical school.
(Acts 1977, No. 663, p. 1125, §§6, 11; Acts 1994, No. 94-103, p. 110, §1.)