Section 69618.1 Of Article 5.5. Graduate Assumption Program Of Loans For Education From California Education Code >> Division 5. >> Title 3. >> Part 42. >> Chapter 2. >> Article 5.5.
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 appropriate, during the payment
periods:
(1) The participant shall be a United States citizen or eligible
noncitizen.
(2) The participant shall be a California resident attending an
eligible school or college.
(3) The participant shall be making satisfactory academic
progress.
(4) The participant shall have complied with United States
Selective Service requirements.
(5) The participant shall not owe a refund on any state or federal
educational grant or have delinquent or defaulted student loans.
(b) Any person enrolled in an institution of postsecondary
education and participating in the loan assumption program set forth
in this article may be eligible to receive a conditional warrant for
loan assumption, to be redeemed pursuant to Section 69618.2 upon
becoming employed as a full-time faculty member at a California
college or university or the equivalent of full-time service as a
faculty member employed part-time at two or more California colleges
or universities.
(c) (1) The commission shall award warrants to students with
demonstrated academic ability and financial need, as determined by
the commission pursuant to Article 1.5 (commencing with Section
69503).
(2) The applicant shall have completed a baccalaureate degree
program or be enrolled in an academic program leading to a
baccalaureate level or a graduate level degree.
(3) The applicant shall be currently enrolled in or admitted to a
program in which he or she will be enrolled on at least a half-time
basis each academic term as defined by an eligible institution. The
applicant shall agree to maintain satisfactory academic progress.
(4) The applicant shall have been judged by his or her
postsecondary institution to have outstanding ability on the basis of
criteria that may include, but need not be limited to, any of the
following:
(A) Grade point average.
(B) Test scores.
(C) Faculty evaluations.
(D) Interviews.
(E) Other recommendations.
(5) In order to meet the costs of obtaining a graduate degree, the
applicant shall have received, or be approved to receive, a loan
under one or more of the following designated loan programs:
(A) The Federal Family Education Loan Program (20 U.S.C. Sec. 1071
et seq.).
(B) Any loan program approved by the commission.
(6) The applicant shall have agreed to teach on a full-time basis
at one or more accredited California colleges or universities for at
least three consecutive years after obtaining a graduate degree.
(7) An applicant who teaches on less than a full-time basis may
participate in the program, but is not eligible for loan repayment
until that person teaches for the equivalent of a full-time academic
year.
(d) A person participating in the program pursuant to this section
shall not receive more than one warrant.