O.C.G.A.
O.C.G.A.

O.C.G.A. § 20-3-387 (2019)

Eligibility for education loan forgiveness; availability of funds

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) No entitlement to funds is created by this subpart. Eligibility for education loan forgiveness shall be dependent on funding through appropriations, as well as all other conditions of eligibility, as determined by the authority.

(b) In the event funds available to the authority for any of the programs listed in Code Section 20-3-385 are not sufficient for the full education loan forgiveness prescribed by the General Assembly, education loan forgiveness payable on behalf of the individuals in that program shall be reduced by the authority on a pro rata basis.

(c) In the event sufficient funds are available to the authority, the authority is authorized to increase the amount of the education loan forgiveness available to individuals in the programs listed in Code Section 20-3-385.

History

(Code 1981, § 20-3-387, enacted by Ga. L. 2002, p. 1115, § 1.)

Annotations

Law reviews. - For article, "Law School Debt Can Limit Options: Loan Repayment Assistance Is a Valuable Tool to Promote Public Interest Practice," see 10 Ga. St. B.J. 38 (2005).

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Subpart 4 Student Incentive Grants