Funding and Selection Process
DMD funds shall only be used to repay qualifying educational loans. DMD funds will be made available qualified individual dentists who are selected to participate in the DMD Program and have committed to practicing general dentistry full-time in a designated HPSA in Minnesota. Applicants selected into the DMD Program are eligible for up to $200,000 of qualified loan repayment in return for a Promissory Note (the “Note”) and the commitment to repay by providing qualifying dental services.
All applications are reviewed by the Dedicated to Minnesota Dentists Program Selection Committee, which is comprised of Minnesota Dental Foundation and Delta Dental of Minnesota Foundation representatives.
The amount of funds awarded shall not exceed the Recipient’s total qualified outstanding educational loan balance at the time of the Recipient’s acceptance into the DMD Program.
If during the five (5) year term, the Recipient fails to maintain a continuous full-time dental practice in the designated location, or fails to meet any other requirements of the Recipient set forth in the DMD Program Agreement, the Recipient shall immediately repay 100% of the funds secured under the Note between the Recipient and the Delta Dental of Minnesota Foundation, inclusive of interest, on the date the Recipient fails to maintain a continuous full-time practice in the designated location or fails to meet the relevant provisions of the Note.