| (a) Initial loan. To be eligible for a forgivable loan
under this program, an individual must:
(1) be recognized as an outstanding rural scholar;
(2) have the sponsor's commitment to provide 50% of
the student's costs of attendance;
(3) not have defaulted on nor owe a refund on any state
or federal aid; and
(4) be enrolled or intend to enroll in a health care
degree or program at an eligible academic institution of higher education.
(b) Subsequent loan. A student who has received an
initial loan shall have priority for subsequent loans provided the
following requirements are satisfied:
(1) the student maintains satisfactory academic progress
in the chosen health care educational program;
(2) the student files a degree plan complete with graduation
date;
(3) the student files a course plan, financial aid
disclosure statement and grade report each academic term;
(4) the student completes all credit hours and does
not reduce the course load or number of credit hours for which the
student enrolled at the beginning of each academic term, unless the
student submits to the department documentation demonstrating that
extenuating circumstances beyond the student's control necessitated
a reduction of the credit load; and
(5) funding is available to the department for forgivable
loans.
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