§ 6-81-1701. Establishment — Administration

There is established a Teacher Candidate Loan Forgiveness Program to be administered by the Division of Higher Education.

§ 6-81-1702. Eligibility — Loan amounts — Term

(a) An individual is eligible for a loan under this subchapter to be used for financing the individual’s cost of attendance at an institution of higher education if the individual: (1) Is a lawful resident of the State of Arkansas; (2) Has successfully completed his or her sophomore year at an institution of higher education; […]

§ 6-81-1703. Loan amounts — Term — Renewal

(a) (1) The loan amounts under this subchapter shall be the lesser of: (A) Five thousand dollars ($5,000) per academic year; or (B) The total cost of attendance for an academic year at the institution of higher education in which the individual is enrolled less any other scholarships or grants received by the individual for […]

§ 6-81-1704. Loan contract — Forgiveness

(a) An individual who receives a loan under this subchapter shall execute a written loan contract with the Division of Higher Education for the repayment of the loan as provided in this subchapter. (b) A loan contract executed under subsection (a) of this section shall provide that the total amount of the loans awarded to […]

§ 6-81-1705. Repayment — Deferment

(a) An individual who receives a loan under this subchapter shall immediately begin repayment of each loan the individual received, together with interest as determined by the Division of Higher Education, if the individual: (1) Ceases to be enrolled in good standing at an institution of higher education in this state, unless the individual has […]

§ 6-81-1706. Rules

The Division of Higher Education shall promulgate rules to implement this subchapter.