Bills › 88th General Assembly
Relating to loan repayment for refinanced student loans under the rural physician loan repayment program, the health care professional recruitment program, and the health care loan repayment program, and including effective date and retroactive applicability provisions
Sponsored by the Senate Education Committee
Topics:K–12 educationHealth care
Where it is now
- Done: IntroducedJanuary 13, 2020
- Done: SubcommitteeJanuary 14, 2020
- Done: Senate committeeJanuary 29, 2020
- Done: Passes the SenateFebruary 26, 202049–0
- Skipped: House committeeSkipped
- Done: Passes the HouseMarch 4, 202096–1
- Done: To the GovernorMarch 11, 2020
- Done: Signed into lawMarch 12, 2020
Signed into law What’s a funnel?
What’s in it
This bill permits a loan repayment recipient under the rural physician loan repayment program, the health care professional recruitment program, or the health care loan repayment program to continue to receive loan repayment under the program after refinancing a federal student 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 federal student loan.
Read the full explanation
The bill amends language limiting the amount of loan repayment available to a recipient under the rural physician loan repayment program to direct that the college student aid commission, upon an eligible student’s graduation, divide the student’s total eligible loan amount by five to determine the annual amount of loan repayment for which the loan recipient is eligible. The bill includes a technical correction and 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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