Doctors Across New York (DANY) funds can be awarded to: (1) a physician to pay qualified educational debt; (2) a physician to pay the costs of establishing or joining medical practices; or (3) a health care facility to recruit or retain a physician by providing that physician with a sign-on or retention bonus, funds to repay outstanding educational debt, or enhanced compensation (except where the award is made to a health care facility operated by SUNY). In all cases, 100 percent of the funds ultimately must be distributed to the physician or the physician’s practice. No facility/employer should reduce a physician’s compensation package because of receiving a DANY grant. More detailed explanations of how DANY funds can be used are as follows: 1. A physician to pay qualified educational debt: For purposes of this Solicitation of Interest, “qualified educational debt” means any outstanding amounts remaining on student loans that were used by the physician to pay graduate or undergraduate tuition or related educational expenses, where such loans were made by or guaranteed by the federal or state government or made by a lending or educational institution approved under Title IV of the federal Higher Education Act...
