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73 CMO / CARE DELIVERY Student debt relief's effect on physicians, nurses: 5 notes By Erica Carbajal T he Biden administration on Aug. 24 released plans to cancel up to $20,000 in student loan debt for individuals earning less than $125,000 a year. While medical residents and nursing school graduates may benefit from the relief, fully trained, practicing physicians likely will not qualify. The administration is forgiving $10,000 of student debt for people earning less than $125,000 per year or to people in households earning less than $250,000. An additional $10,000 will be forgiven for those who received Pell grants. Borrowers will be assessed on their most recent tax filing to determine whether they qualify for debt relief. Nearly 8 million people may be eligible to have debt forgiven automatically, while others may need to complete an application the government will launch in a few weeks, according to the Department of Education. Five notes: 1. Data from the Association of American Medical Colleges in 2021 showed medical students graduated with an average of $203,062 in education debt. 2. For nursing, graduates with a BSN have an average of nearly $24,000 in debt, while those with an MSN have an average debt of $47,321, according to a Nerdwallet analysis of federal data from 2019. 3. Medical residents will likely qualify for some amount of debt relief, based on data of their average earnings. The average salary for a medical resident in 2022 was $64,200, according to a Medscape survey of nearly 1,400 U.S. medical residents. 4. Nurses will likely also get some student debt relief. In 2021, the median annual pay for registered nurses was $77,600, according to the Bureau of Labor and Statistics. 5. Given their earnings, fully trained and practicing physicians likely will not qualify for relief. Bureau of Labor and Statistics data shows the mean annual wage for all physicians in 2021 was $231,500. n 17 residency programs launched in 2022 By Cailey Gleeson Healthcare systems have started residency programs and partnerships to address workforce shortages. Here are 17 that have started programs or plan to do so in 2022: Editor's note: is list is not exhaustive. If you would like to add a new program to future roundups, please email cgleeson@beckershealthcare.com. 1. e University of New Mexico in Albuquerque is launching a women's health residency program, it said June 15. 2. Nashua, N.H.-based St. Joseph Hospital implemented the state's first accredited nurse residency program, Patch reported May 12. 3. Missoula, Mont.-based Partners In Home Care is launching a residency program for hospice care nurses, KULR8 reported April 19. 4. e University of Central Florida in Orlando and Nashville, Tenn.- based HCA Healthcare began their general surgery residency program, the university said April 19. 5. e Emergency Nurses Association in Schaumburg, Ill., launched an emergency nurse residency program April 19. 6. OSF St. Joseph Medical Center in Bloomington, Ill., launched a family medicine residency program, e Pantagraph reported April 12. 7. Syracuse, N.Y.-based Nascentia Health is launching a nurse residency program for home care, CNYBJ reported April 7. 8. Winnsboro, La.-based Franklin Medical Center is launching a family medical practice residency program in partnership with Louisiana State University Health Shreveport, e Franklin Sun reported April 6. 9. Asheville, N.C.-based Mountain Area Health Education Center is launching the state's first addiction psychiatry residency program, NC Health News reported March 15. 10. Chicago-based Rush University is launching a family medicine residency in collaboration with Esperanza Health Centers, according to a March 8 Rush University Medical Center news release. 11. Atmore (Ala.) Community Hospital is launching a nurse residency program, e Atmore Advance reported March 8. 12. Oxnard, Calif.-based St. John's Regional Medical Center is launching a residency program to support Black physicians, ousand Oaks Acorn reported March 4. 13. Petosky-based McLaren Northern Michigan is launching a new residency program to begin by 2023, UpNorthLive reported March 3. 14. Port Townsend, Wash.-based Jefferson Healthcare launched a new graduate nursing residency program, e Leader reported March 2. 15. Tallahassee, Fla.-based Capital Regional Medical Center and University of Central Florida College of Medicine in Orlando are launching a graduate medical education residency program, Tallahassee Democrat reported Feb. 28. 16. Cape Coral, Fla.-based Lee Health launched an internal medicine residency program alongside the opening of a new clinic Jan. 11, NBC2 News reported. 17. Orangeburg, S.C.-based Regional Medical Center is partnering with Family Medical Center, also in Orangeburg, to create a family practice residency program, e Times and Democrat reported Jan. 7. n