Arkansas § 6-81-1705 Repayment - Deferment

Arkansas Statutes

§ 6-81-1705 — Repayment - Deferment

Arkansas § 6-81-1705

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This text of Arkansas § 6-81-1705 (Repayment - Deferment) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 6-81-1705 (2026).

Text

(a)An individual who receives a loan under this subchapter shall immediately begin repayment of each loan the individual received, together with interest as determined by the Division of Higher Education, if the individual:

(1)Ceases to be enrolled in good standing at an institution of higher education in this state, unless the individual has graduated and received a degree;

(2)Does not obtain licensure as a teacher from the State Board of Education within one (1) year of graduating and receiving a degree;

(3)Does not begin work as a licensed teacher in the academic year immediately following becoming licensed;

(4)Does not teach in a school or school district located in a geographic area identified by the Division of Elementary and Secondary Education under § 6-15-403 [repealed] as a

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(a) An individual who receives a loan under this subchapter shall immediately begin repayment of each loan the individual received, together with interest as determined by the Division of Higher Education, if the individual: (1) Ceases to be enrolled in good standing at an institution of higher education in this state, unless the individual has graduated and received a degree; (2) Does not obtain licensure as a teacher from the State Board of Education within one (1) year of graduating and receiving a degree; (3) Does not begin work as a licensed teacher in the academic year immediately following becoming licensed; (4) Does not teach in a school or school district located in a geographic area identified by the Division of Elementary and Secondary Education under § 6-15-403 [repealed] as a critical teacher shortage area in the individual's first year as a licensed teacher; or (5) (A) Does not teach in a school or school district located in a geographic area identified by the Division of Elementary and Secondary Education under § 6-15-403 [repealed] as a critical teacher shortage area for five (5) consecutive years beginning immediately upon obtaining licensure. (B) The total amount of the loans awarded to an individual that are subject to repayment under subdivision (a)(5)(A) of this section shall be reduced on a pro rata basis as required under § 6-81-1704(b) . (b) (1) The Division of Higher Education may defer the requirements under subdivisions (a)(3)-(5) of this section if the Division of Higher Education, in consultation with the Division of Elementary and Secondary Education, determines that there was no employment position available that would reasonably enable the individual to meet the requirements. (2) After the period of deferral, the individual shall begin or resume teaching in a school or school district located in a geographic area identified by the Division of Elementary and Secondary Education under § 6-15-403 [repealed] as a critical teacher shortage area or become subject to repayment under subsection (a) of this section.