California Education Code

§ 69613.4

EDC § 69613.4 Effective Jan 1, 2009Div. 5 · Title 3 · Part 42 · Ch. 2 · Art. 5

Statute text

(a)The terms of a loan assumption granted under this article shall be as follows, subject to the specific terms of each agreement:

(1)After a program participant has completed one school year of classroom instruction pursuant to Section 69613.2, the commission shall assume up to two thousand dollars ($2,000) of the participant’s outstanding liability under one or more of the designated educational loan programs.

(2)After a program participant has completed two consecutive school years of instruction, the commission shall assume up to an additional three thousand dollars ($3,000) of the participant’s outstanding liability under one or more of the designated educational loan programs, for a total loan assumption of up to five thousand dollars ($5,000).

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Legislative history

Amended by Stats. 2008, Ch. 516, Sec. 8. Effective January 1, 2009.