§ 17:3724 — Loan repayment program

Louisiana § 17:3724

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

NOTE: §3724 effective upon appropriation of monies to fund the implementation
of the provisions of Acts 2022, No. 495.
§3724. Loan repayment program
A. The department shall administer a loan repayment program.
B. To be eligible for the loan repayment program, an applicant shall be an athletic
trainer, be willing to work for a high school in a rural area, and meet any other
requirements which may be established by the department.
C. Educational loans obtained by an eligible applicant for attending an accredited
athletic trainer program shall be repaid retroactively after each term of service employed
at a high school in a rural area for up to five years depending upon the applicant's length
of service. Loans shall be repaid pursuant to the provisions of this Section at the following
rates:
(1) Six thousand dollars per year of service if the applicant obtained his degree from
a school or program in Louisiana.
(2) Four thousand dollars per year of service if the applicant obtained his degree
from a school or program outside of Louisiana.
D. Within three months of the effective date of this Section, the department shall
establish an implementation schedule for loan repayments.

Legislative History

Acts 2022, No. 495, §1, see Act.