§12415.__Eligibility requirements

1.__Eligibility for postsecondary under the program education loans.__A postsecondary education loan may be given under the program only to a high school graduate, or the equivalent, who is a resident of the State, who has been recognized as a Workforce for Maine loan recipient and who has met other eligibility criteria established by rule of the authority.

2.__Eligibility for postbaccalaureate degree.__A Workforce for Maine loan for a student pursuing a postbaccalaureate degree may be given only to a resident of the State who has shown academic achievement, who has a baccalaureate degree and who has met other eligibility criteria established by rule of the authority.

§12416.__Payment provisions

Payment of a Workforce for Maine loan must be made directly to the institution for credit to the student's account and be made within 60 days following evidence that the student has become duly enrolled at the postsecondary institution.

A Workforce for Maine loan may be used only to substitute for or replace the family contribution or interest-accruing loans.

If a recipient of a Workforce for Maine loan withdraws from an institution and if the student is entitled to a refund of tuition, fees or other charges, the institution shall pay directly to the authority from that refund a sum that represents the portion of the loan paid to the student for the portion of the academic year that the student did not complete.

§12417.__Repayment and in-state employment provision

Each recipient of a Workforce for Maine loan designated for students pursuing postbaccalaureate degrees may cancel the total amount of the loan by completing one year of in-state employment for each year a loan is received.__In-state employment for this purpose must be performed within 3 years of graduation from the institution of higher education or completion of the course or courses for which the funds were given.__In no event may in-state employment be credited for the same semester for which an individual receives a Workforce for Maine loan pursuant to this chapter.__An individual receiving loan forgiveness for a