| (a) The Commissioner shall determine the maximum annual
loan repayment assistance amount offered under this subchapter to
nursing faculty members working full-time, as defined in §23.187
of this subchapter (relating to Definitions). In any given year, the
maximum amount of assistance is a function of the total amount of
available funding and the number of eligible applicants.
(b) In any given year, a participant in the program
may not receive assistance greater than 20 percent of the participant's
loan balance as was demonstrated when the participant was first approved
for assistance under this subchapter.
(c) The amount of loan repayment assistance calculated
for an individual participant based on subsections (a) and (b) of
this section shall be pro-rated for a nursing faculty member working
part-time. The pro-ration shall be based on the proportion of hours
worked by the nursing faculty member in comparison to the hours worked
by nursing faculty members working full-time.
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