38 U.S.C. § 7694 — Specialty education loan repayment
submitted 8 years ago by Pub. L. 115-182 to r/title-38-VETERANS-BENEFITS · 229 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Payments under the Specialty Education Loan Repayment Program shall consist of payments for the principal and interest on loans described in section 7682(a)(2) of this title for individuals selected to participate in the Program to the holders of such loans.
The Secretary* shall make payments for any given participant in the Specialty Education Loan Repayment Program on a schedule determined appropriate by the Secretary.
The amount of payments made for a participant under the Specialty Education Loan Repayment Program may not exceed $160,000 over a total of 4 years of participation in the Program, of which not more than $40,000 of such payments may be made in each year of participation in the Program.
The Secretary may waive the limitations under paragraph (1) in the case of a participant described in subparagraph (B). In the case of such a waiver, the total amount of payments payable to or for that participant is the total amount of the principal and the interest on the participant’s loans referred to in subsection (a).
A participant described in this subparagraph is a participant in the Program who the Secretary determines serves in a position for which there is a shortage of qualified employees by reason of either the location or the requirements of the position.
Source credit: (Added Pub. L. 115–182, title III, § 303(a), June 6, 2018, 132 Stat. 1465.)
- 2018Enacted · Pub. L. 115-182 · 132 Stat. 1465
A history note hasn’t been published yet. The record shows enactment by Pub. L. 115-182 on 2018-06-06.
all 0 arguments · sorted by: best
no arguments yet — make the first case