Student loan repayment — Definitions

Checkout our iOS App for a better way to browser and research.

  1. (a) As used in this section:

    1. (1) “Food animal” means bovine, porcine, ovine, camelid, cervid, poultry, and any other species determined by the State Veterinarian;

    2. (2) “Food supply veterinary medicine” means all aspects of veterinary medicine's involvement in food supply systems, from traditional agricultural production to consumption; and

    3. (3) “Practice of food supply veterinary medicine” means a corporate or private veterinary practice with a minimum of thirty percent (30%) of the practice devoted to food animal medicine or mixed animal medicine located in rural areas.

  2. (b) The Division of Higher Education shall repay federal student loans yearly for a maximum of five (5) consecutive years if the recipient:

    1. (1) Practices food supply veterinary medicine in Arkansas within ninety (90) days after completion of:

      1. (A) The professional degree program for which the loan was made;

      2. (B) An internship program; or

      3. (C) The professional degree program for which the loan was made and an internship program; and

    2. (2) Maintains the practice of food supply veterinary medicine in Arkansas for a minimum of one (1) year for each year of loan repayment up to five (5) years with all five (5) years consecutive.

  3. (c) A recipient who fails to satisfy the obligation to engage in the practice of food supply veterinary medicine for one (1) year in a five-consecutive-year period shall not receive the loan repayment amount.

  4. (d) The obligation to engage in the practice of food supply veterinary medicine for a five-consecutive-year period shall be postponed during any:

    1. (1) Period of temporary medical disability if the recipient is unable to practice veterinary medicine;

    2. (2) Period of military service under § 6-61-112; or

    3. (3) Other period of postponement agreed to by the division.

  5. (e) The division shall adopt rules to administer this section.


Download our app to see the most-to-date content.