LD 1340
pg. 5
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LR 1808
Item 1

 
1. Eligibility for loans for undergraduate education. A
postsecondary education loan may be given only to a high school
graduate, or the equivalent, who is a resident of the State, who
has been recognized as a Educators for Maine loan recipient and who
has met other eligibility criteria established by rule of the
authority. An Educators for Maine loan recipient must be an
undergraduate at an institution of higher education. Preference
must be given to students enrolled in a program that has been
determined to be an underserved subject area.

 
Sec. 7. 20-A MRSA §12505, sub-§2, as amended by PL 1999, c. 441, §9,
is repealed.

 
Sec. 8. 20-A MRSA §12505, sub-§3, as amended by PL 1999, c. 441, §9,
is further amended to read:

 
3. Eligibility for postbaccalaureate certification. A loan
to a student pursuing postbaccalaureate certification may be
given only to a resident of the State who has shown academic
achievement, who has a baccalaureate degree, who is not eligible
for a loan for graduate study or continuing education pursuant to
subsection 2, pursuing a course of study that will lead to
certification as a teacher, to licensure as a speech pathologist
or to attainment of child care provider qualifications and who
has met other eligibility criteria established by rule of the
authority.

 
Sec. 9. 20-A MRSA §12506, 2nd ¶, as enacted by PL 1989, c. 7, Pt. O,
§5, is amended to read:

 
These loans shall must only be used to substitute or replace
the family contribution or interest-accruing loans. A loan
recipient may not receive student financial assistance in excess
of the cost of attendance.

 
Sec. 10. 20-A MRSA §12507, as amended by PL 1999, c. 783, §5, is
further amended to read:

 
§12507. Repayment and return service provisions

 
Each graduating high school senior or college student who
receives a loan may cancel the total amount of the loan by
completing one year of return services service in the public
schools or private schools approved for tuition purposes in the
State for each year the individual receives a loan. An
individual who received that individual's first program loan
after January 1, 2000 may also cancel the total amount of the
loan by completing one year of return service by working in a
child care facility. The return service requirement is one year


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