RCW 28B.102.055
Loan repayment agreements -- Rules.
(Effective until July 1, 2012.)
(1) Upon documentation of
federal student loan indebtedness, the board may enter into
agreements with participants to repay all or part of a federal
student loan in exchange for teaching service in an approved
educational program. The ratio of loan repayment to years of
teaching service for the loan repayment program shall be the same
as established for the conditional scholarship program.
(2) The agreement shall specify the period of time it is in
effect and detail the obligations of the board and the
participant, including the amount to be paid to the participant.
The agreement may also specify the geographic location and
subject matter area of teaching service for which loan repayment
will be provided.
(3) At the end of each school year, a participant under this
section shall provide evidence to the board that the requisite
teaching service has been provided. Upon receipt of the
evidence, the board shall pay the participant the agreed-upon
amount for one year of full-time teaching service or a prorated
amount for less than full-time teaching service. To qualify for
additional loan repayments, the participant must be engaged in
continuous teaching service as defined by the board.
(4) The board may, at its discretion, arrange to make the
loan repayment directly to the holder of the participant's
federal student loan.
(5) The board's obligations to a participant under this
section shall cease when:
(a) The terms of the agreement have been fulfilled;
(b) The participant fails to maintain continuous teaching
service as determined by the board; or
(c) All of the participant's federal student loans have been
repaid.
(6) The board shall adopt rules governing loan repayments,
including approved leaves of absence from continuous teaching
service and other deferments as may be necessary.
[2004 c 58 § 8.]
RCW 28B.102.055
Loan repayment agreements -- Rules.
(Effective July 1, 2012.)
(1) Upon documentation of federal
student loan indebtedness, the office may enter into agreements
with participants to repay all or part of a federal student loan
in exchange for teaching service in an approved educational
program. The ratio of loan repayment to years of teaching
service for the loan repayment program shall be the same as
established for the conditional scholarship program.
(2) The agreement shall specify the period of time it is in
effect and detail the obligations of the office and the
participant, including the amount to be paid to the participant.
The agreement may also specify the geographic location and
subject matter area of teaching service for which loan repayment
will be provided.
(3) At the end of each school year, a participant under this
section shall provide evidence to the office that the requisite
teaching service has been provided. Upon receipt of the
evidence, the office shall pay the participant the agreed-upon
amount for one year of full-time teaching service or a prorated
amount for less than full-time teaching service. To qualify for
additional loan repayments, the participant must be engaged in
continuous teaching service as defined by the office.
(4) The office may, at its discretion, arrange to make the
loan repayment directly to the holder of the participant's
federal student loan.
(5) The office's obligations to a participant under this
section shall cease when:
(a) The terms of the agreement have been fulfilled;
(b) The participant fails to maintain continuous teaching
service as determined by the office; or
(c) All of the participant's federal student loans have been
repaid.
(6) The office shall adopt rules governing loan repayments,
including approved leaves of absence from continuous teaching
service and other deferments as may be necessary.
[2011 1st sp.s. c 11 § 180; 2004 c 58 § 8.]
NOTES:
Effective date -- 2011 1st sp.s. c 11 §§ 101-103, 106-202, 204-244, and 301: See note following RCW 28B.76.020.
Intent -- 2011 1st sp.s. c 11: See note following RCW 28B.76.020.