Utah Admin. Code R434-40-4 - Loan Repayment Grants - Terms and Service
(1) The Department may provide loan repayment
grants to geriatric, health care, and mental health professionals to repay
loans taken for educational expenses in exchange for their agreement to serve
for a specified period at an approved site in the state.
(2) The Department may only give loan
repayment grants to repay bona fide loans taken by eligible individuals for
educational expenses incurred while pursuing an educational degree
qualification to practice in the applicant's professional field.
(3) Loan repayment grants under this section
may not be:
(a) used to satisfy other
obligations owed by the recipient under any similar program;
(b) used to repay a loan that is in default
at the time of application; or
(c)
in an amount greater than the total outstanding balance on the loans taken for
educational expenses, including accrued interest.
(4) The Department may not disburse any grant
moneys under Section
26B-4-702 until the recipient has
performed at least 90 days of service at the approved site.
Notes
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