Eligibility for Education Loan Forgiveness; Availability of Funds

1. Law
2. Georgia Code
3. Education
4. Postsecondary Education
5. Scholarships, Loans, and Grants
6. Georgia Student Finance Authority
7. Public Interest Lawyers' Fund
8. Eligibility for Education Loan Forgiveness; Availability of Funds

1. No entitlement to funds is created by this subpart. Eligibility for education loan forgiveness shall be dependent on funding through appropriations, as well as all other conditions of eligibility, as determined by the authority.
2. In the event funds available to the authority for any of the programs listed in Code Section 20-3-385 are not sufficient for the full education loan forgiveness prescribed by the General Assembly, education loan forgiveness payable on behalf of the individuals in that program shall be reduced by the authority on a pro rata basis.
3. In the event sufficient funds are available to the authority, the authority is authorized to increase the amount of the education loan forgiveness available to individuals in the programs listed in Code Section 20-3-385.

(Code 1981, §20-3-387, enacted by Ga. L. 2002, p. 1115, § 1.)

Law reviews.

- For article, "Law School Debt Can Limit Options: Loan Repayment Assistance Is a Valuable Tool to Promote Public Interest Practice," see 10 Ga. St. B.J. 38 (2005).

Subpart 4 Student Incentive Grants

20-3-390. Legislative findings; purpose of subpart.

The General Assembly finds that a substantial number of qualified Georgia students are not financially able to meet the costs of obtaining a postsecondary education due to a lack of family resources; that it would not be sound public policy to expect such students to borrow the total amount of funds needed to meet such costs and to incur thereby such substantial indebtedness; and that the United States provides matching funds to states which provide grant assistance to such students on the basis of financial need. The purpose of the General Assembly, as provided for in this subpart, is to enable the authority to participate in the federal program and to provide grant assistance to students who qualify for such assistance on the basis of individual financial need.

(Code 1933, § 32-3754, enacted by Ga. L. 1980, p. 835, § 3.)

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