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GA HB130
Bill
Status
Passed
5/1/2024
Primary Sponsor
Matthew Gambill
Click for details
AI Summary
- Establishes a student loan repayment program through the Georgia Student Finance Authority for full-time peace officers who are Georgia residents and either began service on or after January 1, 2024, and completed an undergraduate degree, or have been employed at least one year and are enrolled in an undergraduate criminal justice program
- Caps student loan repayment at a maximum of $20,000 or the recipient's total student loan debt, whichever is less, paid out over no more than five years in annual installments
- Requires recipients to enter into a repayment agreement with the authority and remain employed as full-time peace officers and Georgia residents for the entire term of the agreement
- Excludes loans that are in default, subject to an existing service obligation, or already covered by another loan repayment or forgiveness program
- All loan repayments under the program are contingent upon annual appropriation of funds by the General Assembly
Legislative Description
Georgia Student Finance Authority; student loan repayment for peace officers; provide
Last Action
Effective Date 2024-05-01
5/1/2024
Committee Referrals
Higher Education3/2/2023
Higher Education1/31/2023
Full Bill Text
No bill text available