§12501-A. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2003, c. 427, §2 (NEW).] 1. Academic achievement. “Academic achievement” means earning a grade point average of 3.0 or more, based on a 4.0 grade point system, or the equivalent, based upon the most […]
§12501. Definitions (REPEALED) SECTION HISTORY PL 1983, c. 859, §§F1,F2 (NEW). PL 1987, c. 611, §1 (AMD). PL 1989, c. 414, §§21,22 (AMD). PL 1989, c. 596, §M (AMD). PL 1989, c. 698, §32 (AMD). PL 1989, c. 911, §§4-6 (AMD). PL 1991, c. 553, §§1,2 (AMD). PL 1991, c. 612, §§13,14 (AMD). PL 1995, […]
§12502. Educators for Maine Program There is established the Educators for Maine Program to provide financial assistance for postsecondary education to undergraduate students and students pursuing postbaccalaureate certification who demonstrate academic achievement and an interest in pursuing a career in teaching, speech pathology or child care in this State. The chief executive officer shall administer […]
§12503. Educators for Maine loan recipients Each year graduating high school seniors, undergraduates and students pursuing postbaccalaureate certification who show evidence of academic achievement may be considered for recognition as Educators for Maine loan recipients. Applications must be submitted to the chief executive officer at a time and in a format to be determined by […]
§12504. Allocation of funds The authority shall establish by rule the allocation of funds available under this chapter. [PL 2003, c. 427, §5 (AMD).] Loans in an amount to be determined annually by the authority based on available funds, but in no event less than $3,000 per academic year for eligible undergraduate students and […]
§12505. Eligibility requirements 1. Eligibility for loans for undergraduate education. An Educators for Maine loan recipient must be an undergraduate at an institution of higher education. [PL 2019, c. 303, §7 (AMD).] 2. Eligibility for graduate study or continuing education loans. [PL 2003, c. 427, §7 (RP).] 3. Eligibility for postbaccalaureate certification. A loan […]
§12506. Payment provisions Payment of loans shall 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 post-secondary institution. [PL 1983, c. 859, Pt. F, §§1, 2 (NEW).] These loans must only be used to […]
§12507. Repayment and return service provisions Each student who receives a loan may cancel the total amount of the loan by completing one year of return service in a public school, publicly supported secondary school, special education facility as defined in section 7001, subsection 6 or private school approved for tuition purposes in the State […]
§12508. Repayment and return service provisions – loans for teachers and speech pathologists and students pursuing postbaccalaureate certification (REPEALED) SECTION HISTORY PL 1983, c. 859, §§F1,F2 (NEW). PL 1989, c. 698, §§40,41 (AMD). PL 1991, c. 553, §7 (AMD). PL 1991, c. 664, §3 (AMD). PL 1995, c. 117, §E10 (AMD). PL 1995, c. 117, […]
§12509. Nonlapsing revolving fund The Educators for Maine fund is created under the jurisdiction of the authority as a nonlapsing, interest-earning, revolving fund to carry out the purposes of this chapter. Any unexpended balance in the Educators for Maine fund carries over for continued use under this chapter. The authority may receive, invest and expend, […]
§12510. Rules (REPEALED) SECTION HISTORY PL 1983, c. 859, §§F1,F2 (NEW). PL 1989, c. 698, §43 (RP).
§12511. Rules Rules adopted by the authority pursuant to this chapter are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2003, c. 427, §12 (NEW).] SECTION HISTORY PL 2003, c. 427, §12 (NEW).
