This is interesting. I am a reapplicant and won't have enough IRP years to cover a 3 year EM residency. I'm curious as to why Loyola has this policy. My understanding is that as a new program at an institution already with other residency programs, you are by definition "over capped" for all of your slots. That is, CMS won't grant funding for your residents. If I understand correctly, since your institution already has a CMS cap, you aren't even eligible for the 5 years of "cap building." If this is in fact the case, why does it matter if an applicant has full funding as per the IRP to cover his or her training? Is there something I am missing? (Your program is not the first one to have this policy even when they are overcapped, I'm truly trying to understand what the advantage of this policy is!)