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GA HB702
Bill
Status
Introduced
1/18/2018
Primary Sponsor
Heath Clark
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AI Summary
- Creates a service cancelable education loan repayment program (STEM Defense Support Fund) administered by the Georgia Student Finance Authority for STEM graduates of University System of Georgia institutions who work as federal civil service employees at U.S. Department of Defense installations in Georgia in computer science or engineering positions
- Provides up to $5,000 per year for five years (maximum $25,000 total) in education loan repayment assistance, beginning 12 months after the eligible student's application, with payments not to exceed the student's outstanding loan balance
- Requires participants to enter a contract agreeing to remain employed as a federal civil service employee at a Georgia defense installation for one year after receiving their final assistance payment; exceptions may be granted for death, disability, or involuntary job loss
- Applicants must not already be employed as civil service employees in computer science or engineering at a Georgia defense installation at the time of initial application, and students may participate in the program only once
- Creates no entitlement to funds; eligibility depends on legislative appropriations and other conditions set by the authority, with pro rata reductions applied if funding is insufficient
Legislative Description
Postsecondary education; service cancelable education loan program for students in fields of science, technology, engineering, and mathematics who work in certain positions; provide
Last Action
House Committee Favorably Reported By Substitute
2/21/2018
Full Bill Text
No bill text available