Section 97921 - Loan Repayment Awards(a) The Office will contract to repay a specified amount, on behalf of the program recipient, toward the principal, interest, and related expenses on outstanding governmental and commercial educational loans, not in default, related to the recipient's vocational nurse education.(b) A loan repayment award amount shall not exceed the estimated annual average cost to attend vocational programs throughout California, as provided by the California Student Aid Commission, for the academic year in which the repayment application has been submitted.(c) The loan repayment amount awarded shall not exceed the total amount of debt owed on outstanding governmental and commercial educational loans for vocational nurse education.(d) The Office may agree to repay all of a particular loan, or only partially repay a loan.Cal. Code Regs. Tit. 22, § 97921
1. New section filed 7-24-2006; operative 7-24-2006 pursuant to Government Code section 11343.4 (Register 2006, No. 30). Note: Authority cited: Sections 127010 and 127015, Health and Safety Code. Reference: Sections 128350 and 128485, Health and Safety Code.
1. New section filed 7-24-2006; operative 7-24-2006 pursuant to Government Code section 11343.4 (Register 2006, No. 30).