Loans shall be automatically renewed for a total of four (4) years for medical students and three (3) years for physician assistant students, contingent upon funds being available, provided, however, each recipient shall execute a new contract each year and shall certify, annually, that his or her financial condition and needs have not changed since the original loan was made.

Author: Wayne P. Turner

Statutory Authority: Code of Ala. 1975, §§16-47-121 et seq.; 41-22-1 et seq.

Editor’s Note: Rule was previously 550-X-1-.04 and renumbered 550-X-1-.03 as per certification filed May 16, 2006; effective June 20, 2006.

History: Filed September 28, 1982. Repealed and New Rule: Filed October 13, 1994; effective November 17, 1994. Repealed and New Rule: Filed May 16, 2006; effective June 20, 2006. Amended: Published September 29, 2023; effective November 13, 2023.