withdrawing from the program or failing to satisfactorily
comply with the program requirements as determined by the
agency.
(2) A recipient shall be eligible for a financial award
payment by the agency of a portion of the debt incurred by
the recipient through the agency-administered guaranteed
Stafford or consolidated loan programs if the recipient
enters into a contract with the agency that requires the
recipient to remain employed at a residential treatment
facility for a period of up to four years.
(3) The agency may grant an award to be applied directly
by the agency to the recipient's agency-administered
guaranteed Stafford or consolidated loan debt balance, or for
those recipients still enrolled in school, the award may be
direct cash assistance, to be awarded as follows:
(i) Not more than $5,000 shall be awarded in the
first full calendar year beginning after the recipient is
selected by the agency for participation in the program.
(ii) Not more than $10,000 shall be awarded in the
second full calendar year beginning after the recipient
is selected by the agency for participation in the
program.
(iii) Not more than $15,000 shall be awarded in the
third full calendar year beginning after the recipient is
selected by the agency for participation in the program.
(iv) Not more than $20,000 shall be awarded in the
fourth full calendar year beginning after the recipient
is selected by the agency for participation in the
program.
(v) Each amount under this paragraph shall be
20230HB1350PN1492 - 4 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30