ARTICLE 5.5. Graduate Assumption Program of Loans for Education

Article 5.5 added by Stats. 1998, Ch. 330, Sec. 32.

§§ 69618–69619 · 10 sections

• § 69618 (a) The Legislature hereby recognizes the growing need for new faculty members at California’s colleges and universities. This need will be fueled largely by…
• § 69618.1 (a) Program participants shall meet all of the following eligibility criteria prior to selection in the program and shall continue to meet these criteria, as…
• § 69618.2 The commission shall redeem an applicant’s warrant and commence loan assumption payments as specified in Section 69618.3 upon verification that the applicant…
• § 69618.3 The terms of the loan assumptions granted under this article shall be as follows, subject to the specific terms of each warrant: (a) After a program…
• § 69618.4 (a) Except as provided in subdivision (b), in the event that a program participant fails to complete a minimum of three consecutive academic years of teaching…
• § 69618.5 (a) The commission shall accept nominations from accredited colleges and universities made pursuant to Section 69618.1. (b) The commission shall choose from…
• § 69618.6 The commission shall administer this article, and shall adopt rules and regulations for that purpose. The rules and regulations shall include, but need not be…
• § 69618.7 The commission shall work in conjunction with lenders participating in the Federal Family Education Loan Program to develop a streamlined application process…
• § 69618.9 Commencing with the 1998–99 fiscal year, the commission shall issue warrants for the assumption of up to 500 student loans for program participants eligible…
• § 69619 It is the intent of the Legislature that, commencing with the 1998–99 fiscal year, funding necessary for the administration of this student loan assumption…