90-9-501. Montana farmer loan repayment assistance program
90-9-501. (Temporary) Montana farmer loan repayment assistance program. There is a Montana farmer loan repayment assistance program administered by the council in consultation with the cooperative extension service. The program must provide for the direct repayment of educational loans of eligible farmers in accordance with the rules adopted by the council pursuant to 90-9-203 to implement […]
90-9-502. Eligibility — amount of loan repayment assistance
90-9-502. (Temporary) Eligibility — amount of loan repayment assistance. (1) A farmer is qualified for loan repayment assistance if the farmer: (a) is a resident of Montana whose primary occupation is to operate a farm; (b) has graduated from a postsecondary institution as defined in 20-26-603 with an associate degree or a baccalaureate degree; and (c) commits to operate […]
90-9-503. Payments to be made directly to educational loan servicer
90-9-503. (Temporary) Payments to be made directly to educational loan servicer. (1) In administering the Montana farmer loan repayment assistance program, the council shall ensure the payments on behalf of a qualified farmer are paid directly to the educational loan servicer. (2) A qualified farmer may choose whether the council makes one annual payment or 12 monthly […]
90-9-504. Loan repayment assistance documentation
90-9-504. (Temporary) Loan repayment assistance documentation. A qualified farmer shall submit an application for loan repayment assistance to the council in accordance with rules adopted by the council. The application must include official verification or proof of the applicant’s total unpaid accumulated educational loan debt and other documentation required by the council that is necessary to […]
90-9-505. Funding — priorities
90-9-505. (Temporary) Funding — priorities. If the funding for this part in any year is less than the total amount of loan repayment assistance for which farmers qualify, the council shall work with the cooperative extension service to develop a method to prioritize loan repayment assistance to applicants. In developing a prioritization method, the council shall […]