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Thomas Jefferson University pays $2.7M to settle claims it misused federal funds

July 27, 2023

The Primary Care Loan award is meant to provide low-interest loans to medical students who commit to becoming primary care practitioners for a decade after graduating.

Participating medical schools must loan the program’s funding to medical students and can invest any earnings back into their funds. Each year, any program funding that exceeds a college’s student educational needs must be returned to the U.S. Department of Health and Human Services, which administers the program.

Thomas Jefferson University was accused of violating several of those requirements, including by investing program funding into its endowment and retaining the gains.

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