Bills › 88th General Assembly
Relating to loan repayment for refinanced eligible loans under the rural physician loan repayment program
Sponsored by the House Education Committee
Topics:Health careHigher education
Where it is now
- Done: IntroducedJanuary 13, 2020
- Skipped: SubcommitteeSkipped
- Done: House committeeJanuary 29, 2020
- Done: Passes the HouseMarch 4, 202096–1
- Skipped: Senate committeeSkipped
- Done: Passes the SenateFebruary 26, 202049–0
- Done: To the GovernorMarch 11, 2020
- Done: Signed into lawMarch 12, 2020
SF 2118 became law → The same legislation passed as SF 2118, so this version was set aside. Go to SF 2118 What’s a funnel?
What’s in it
AI summary Doctors working in rural areas can keep receiving loan help even if they switch their federal student loans to private ones. The amount of money they get cannot be more than what they were originally promised. This change also updates how many program agreements the state commission can sign each year.1
Read the official explanation
This bill permits a loan repayment recipient under the rural physician loan repayment program to continue to receive loan repayment after refinancing an eligible federal loan with a private educational loan. However, the loan repayment amount cannot exceed the lesser of the amount of loan repayment allowed under the program or the balance of the loan repayment amount the loan repayment recipient qualified to receive with the eligible loan. The bill includes a technical change that moves to a new subsection language limiting the commission to entering into not more than program agreements annually.
Changed since by amendment H-8048; see Amendments.
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