WELLNESS LOAN
AWLP Application (Word Document)
The Anesthesia Foundation endeavors to assist anesthesiologists in practice experiencing a recent personal, medical, or practice hardship through its “Anesthesiology Wellness Loan Program” (AWLP). (This program is not for trainees. Therefore residents and fellows should refer to the Anesthesia Foundation loan program specifically for them.)
The Anesthesia Foundation offers this loan program to provide lower interest loans with flexible terms to help individual anesthesiologists who meet certain criteria. It is the intent of the Anesthesia Foundation to provide loans to cover extraordinary living expenses related to emergency medical needs, housing and education.
An applicant may be eligible to borrow from the Foundation if he or she:
- is an anesthesiologist who has graduated within the recent 5 years from a residency/fellowship program in anesthesiology;
- has suffered a loss of income due to a recent personal, medical, or practice hardship;
- has been in the active practice of the specialty of anesthesiology at least until the current hardship; and
- is a citizen or permanent resident of the United States.
- is (or their legal representative is) capable of executing legally enforceable instruments such as notes, security pledges, and such other documentation as may be required to create a borrower/lender relationship.
In addition, the AWLP may, at its discretion, require an interview in addition to the required accompanying personal statement.
All loan applications must be made on forms provided by the Foundation and must be supported by such documentation as required by the Foundation. The Foundation reserves the right to change the loan procedure without notice. Please contact the Foundation for the most current loan requirements, as well as loan application forms.
Each completed application should be submitted to the Foundation at least 60 days prior to the date of the desired loan. Requests for further information should be directed to the Foundation.
BASIC LOAN TERMS AND CONDITIONS
Loan Amount: The maximum loan amount is $10,000 US Dollars.
Length of Loan: A loan repayment term is generally limited to a maximum of five years. The loan repayment term may be shorter than sixty months if the applicant requests a shorter term and the Foundation approves the request, in its sole discretion.
Payments: Loans are repayable in monthly installments consisting of principal and interest. All loans can be prepaid at any time without penalty.
Please contact the Foundation for more details on the loan terms and conditions.