reglab/housing_qa huggingface dataset:
16 V.S.A. § 2844
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2844. Amount received; proration

§ 2844. Amount received; proration|(a) Each undergraduate student who qualifies for an incentive grant shall apply on forms provided by the Corporation. The Corporation may consider the student for an incentive grant if the student meets the need-based eligibility standards established by the Board. These standards shall give due consideration to all relevant factors affecting the student's need, including the adjusted gross income and other sources of income of the student's parents; the adjusted gross income and other sources of income of a nondependent student; the assets of parents and students; the number of a parent's or nondependent student's children who are students enrolled in approved postsecondary education institutions at the same time; and any unusual circumstances that affect the family financial strength. Incentive grants shall be awarded on a rolling basis to eligible applicants based upon established need, and in total amount shall not exceed the funds made available from legislative appropriation or other sources. In no case shall a student's award be larger than that needed to attend the approved postsecondary education institution of the student's choice.(b) The Corporation may prorate incentive grants on the basis of semesters, other recognized portions of a school year, or course load.(c) Vermont resident students enrolled at the Medical College of the University of Vermont or enrolled in a program leading to the degree of Doctor of Veterinary Medicine shall be eligible to apply for an incentive grant and shall be subject to the provisions of subsection (b) of this section. In addition, veterinary students shall be eligible for grants not to exceed twice the amount of the average grant award made to full-time undergraduate students in the previous year under subsection (a) of this section. (Added 1965, No. 198, § 5(c), (h); amended 1967, No. 131,§§ 6, 7; 1967, No. 371 (Adj. Sess.), § 4, eff. March 27, 1968; 1969, No. 89; 1971, No. 175 (Adj. Sess.), § 2, eff. March 28, 1972; 1975, No. 155 (Adj. Sess.); 1995, No. 63, § 188; 2003, No. 86 (Adj. Sess.), § 14; 2013, No. 92 (Adj. Sess.), § 186, eff. Feb. 14, 2014.)
16 V.S.A. § 2846
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2846. Advancement grants

§ 2846. Advancement grants|(a) The Corporation may establish an advancement grant program for residents pursuing nondegree education and training opportunities who do not meet the definition of student in subdivision 2822(3) of this title, and who may not meet the requirements of this subchapter.(b) Advancement grants may be used at institutions that are not approved postsecondary education institutions.(c) The Corporation may adopt rules or establish policies, procedures, standards, and forms for advancement grants, including the requirements for applying for and using the grants and the eligibility requirements for the institutions where the grants may be used. (Added 2003, No. 86 (Adj. Sess.), § 15; amended 2019, No. 80, § 4.)
16 V.S.A. § 2851
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2851. Establishment

§ 2851. Establishment|Vermont Honor Scholarships are hereby established for secondary school seniors who plan to attend an approved postsecondary education institution. (Added 1965, No. 198, § 6(a); amended 1999, No. 24, § 2, eff. May 19, 1999; 2003, No. 86 (Adj. Sess.), § 17.)
16 V.S.A. § 2852
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2852. Eligibility

§ 2852. Eligibility|(a) All resident, qualified secondary school seniors are eligible to be nominated by their secondary school for a Vermont Honor Scholarship.(b) Vermont Honor Scholarships shall be awarded on the basis of merit as demonstrated by scholastic excellence and participation in extracurricular and community service activities to be determined by such criteria as the Board shall prescribe. (Added 1965, No. 198, § 6(b), (c); amended 1999, No. 24, § 3, eff. May 19, 1999; 2003, No. 86 (Adj. Sess.), § 18.)
16 V.S.A. § 2853
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2853. Application

§ 2853. Application|A qualified student may be awarded an Honor Scholarship without affecting eligibility for an incentive grant. The Honor Scholarship amount shall not be considered in determining the calculation of the initial amount of the grant, unless the student's total grant and scholarship assistance from all sources exceeds the cost of attendance as defined under the Higher Education Act. (Added 1965, No. 198, § 6(f); amended 2003, No. 86 (Adj. Sess.), § 19.)
16 V.S.A. § 2854
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2854. Amount; number; disbursement

§ 2854. Amount; number; disbursement|(a) Each Vermont Honor Scholarship shall be an equal amount and no less than $1,000.00 as determined by the Board.(b) Each secondary school, or a border school serving Vermont secondary school students, may nominate a senior for a Vermont Honor Scholarship.(c) The Scholarship shall be disbursed to the approved postsecondary education institution at which the recipient enrolls. (Added 1965, No. 198, § 6(d), (e); amended 1999, No. 24, § 4, eff. May 19, 1999; 2003, No. 86 (Adj. Sess.), § 20.)
16 V.S.A. § 2856
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2856. Educational assistance; interest free loans

§ 2856. Educational assistance; interest free loans|(a) An active member of the Vermont National Guard may be eligible for an interest-free loan in an academic year for financial assistance to pay for tuition and fees for courses taken at a Vermont college, university, regional technical center, or other programs approved pursuant to policies adopted in accordance with subsection (f) of this section.(b) To be eligible for an educational loan under this section, a person shall:  (1) be an active member in good standing of a federally recognized unit of the Vermont National Guard; (2) have successfully completed basic training or commissioning; and (3) be enrolled in a program that leads to a postsecondary degree, diploma or be studying for relevant continuing education purposes.   (c) A loan made under this section shall be interest free and may be partially or completely cancelled and forgiven for a person who:  (1) submits certification that the person has successfully completed the course; and (2) submits certification that the person has completed two years of National Guard service for each full academic year award. Service requirements for less than a full academic year award shall be proportionate to the amount of the award. The Board shall determine the amount of loan to be cancelled for each completed year of service. The amount cancelled for each year of service shall not exceed 50 percent of the loan.   (d) The Adjutant General shall provide documentation of eligibility for educational assistance under this section for each academic period.(e) The loan of a person who loses eligibility under this section while enrolled in a course shall go into repayment pursuant to the terms of the loan, and the person shall be ineligible for further assistance under this section until the loan is repaid in full.(f) The Board, in consultation with the Office of the Adjutant General, shall adopt policies, procedures, and guidelines necessary to implement the provisions of this section, which shall include application requirements, annual loan requirements, loan forgiveness requirements, and annual loan amounts based on available funds. The policies, procedures, and guidelines shall include definitions of "successful completion of a course," "relevant continuing education courses," and what constitutes an "academic year." Rules adopted by the Vermont State Colleges under section 2183 of this title, prior to its repeal, shall remain valid under this section and shall be administered by the Corporation.(g) [Repealed.](h) The availability of loans made under this subchapter is subject to funds appropriated to the Vermont National Guard for that purpose. (Added 1999, No. 62, § 61; amended 2003, No. 39, § 1; 2003, No. 86 (Adj. Sess.), § 21; 2007, No. 46, § 5, eff. May 23, 2007; 2007, No. 154 (Adj. Sess.), § 6; 2009, No. 4, § 86, eff. April 24, 2009; 2011, No. 149 (Adj. Sess.), § 8; repealed on July 1, 2022 by 2018, No. 11 (Sp. Sess.), § E.215.2.)
16 V.S.A. § 2861
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2861. Establishment

§ 2861. Establishment|There is hereby created an Education Loan Program for the purpose of assisting qualified students to pursue schooling beyond the secondary level. It is the intention of the Legislature in establishing the Education Loan Program under this subchapter to serve Vermont resident students and their families throughout their educational careers; and to serve nonresident students attending Vermont postsecondary institutions and the families of those students throughout their educational careers. It is also the intention of the Legislature that education loans made under this subchapter not be collateralized at the time of their origination. (Added 1965, No. 198, § 7(a); amended 2003, No. 86 (Adj. Sess.), § 23.)
16 V.S.A. § 2862
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2862. Rules and regulations

§ 2862. Rules and regulations|(a) The Board shall adopt rules and regulations and establish policies and procedures that it deems necessary to carry out the purpose of this subchapter. The rules and regulations so adopted shall include provisions relating to borrower eligibility, maximum loan amounts, interest rates, and other charges.(b) In the case of loans reinsured under the Higher Education Act, the rules and regulations shall conform to the requirements of that act.(c) Education loans guaranteed, made, financed, serviced, or otherwise administered by the Corporation are exempt from the interest rate and charges limitations of 9 V.S.A. §§ 41a and 42, but those rates and charges shall reflect the Corporation's costs of funds, its costs of education loan financing and servicing, and the risks associated with different types of education loans.(d) Loans made pursuant to the Higher Education Act by institutions doing business in Vermont shall be made pursuant to this chapter. (Added 1965, No. 198, § 7(b); amended 1967, No. 131, § 8; 1967, No. 371 (Adj. Sess.), § 5, eff. March 27, 1968; 1969, No. 83, § 1, eff. April 18, 1969; 1973, No. 51; 1983, No. 76, § 2; 1987, No. 79, § 2, eff. June 9, 1987; 2003, No. 86 (Adj. Sess.), § 24.)
16 V.S.A. § 2863
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2863. Guarantee

§ 2863. Guarantee|The Corporation is authorized to guarantee that any education loan notes properly executed shall be repaid according to their tenor and, if guaranteed under the Higher Education Act, to the extent authorized under that act, provided, that in the event of default, the holder has complied with the rules, regulations, and procedures of the Corporation, and with the Act and the regulations promulgated under the Act, regarding the making, servicing, and diligent collection of education loans until assigned to the Corporation as provided in this chapter. The Corporation may make loans that have no guarantee. (Added 1965, No. 198, § 7(c); amended 1975, No. 170 (Adj. Sess.), § 4; 1993, No. 147 (Adj. Sess.), § 4; 2003, No. 86 (Adj. Sess.), § 25; 2019, No. 131 (Adj. Sess.), § 102.)
16 V.S.A. § 2864
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2864. Reserve fund

§ 2864. Reserve fund|(a) The Corporation shall establish and maintain an allowance for loans not covered by a federal or other guaranty or insurance, using historical loan delinquency and default rates and other relevant information. To the extent the reserve fund contains any monies appropriated by the State, such reserve funds shall be held and administered in accordance with 32 V.S.A. § 432 and 433. Any such allowance may not be funded from monies appropriated by the General Assembly to the Corporation unless specifically appropriated for such purposes.(b) The Corporation is authorized to negotiate and enter into agreement with the U.S. Secretary of Education to reinsure its guarantee of any loans made under this chapter, and to amend such agreements, consistent with this chapter. (Added 1965, No. 198, § 7(d); amended 1969, No. 83, § 2, eff. April 18, 1969; 1981, No. 174 (Adj. Sess.), § 4, eff. April 20, 1982; 1993, No. 147 (Adj. Sess.), § 5; 2003, No. 86 (Adj. Sess.), § 26.)
16 V.S.A. § 2865
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2865. Default

§ 2865. Default|A holder of a loan guaranteed pursuant to this chapter may submit a default claim to the Corporation for payment when a borrower has failed to make an installment payment of principal or interest or both when due or to comply with other terms of the note or other written evidence of agreement, which persists beyond the delinquency period provided in the Higher Education Act. Upon the holder's compliance with the servicing and the default claim filing requirements specified in section 2863 of this chapter, the Corporation shall pay the holder the amount due as described in section 2863 of this title. Upon reimbursement, the holder shall assign the note to the Corporation, but such assignment may be without representation or warranty, expressed or implied, and without recourse. (Added 1965, No. 198, § 7(e); amended 1969, No. 83, § 3, eff. April 18, 1969; 1975, No. 170 (Adj. Sess.), § 5; 1993, No. 147 (Adj. Sess.), § 6; 2003, No. 86 (Adj. Sess.), § 27.)
16 V.S.A. § 2866
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2866. Rights of minors

§ 2866. Rights of minors|A person under 18 years of age shall not be disqualified or lack capacity by reason of the person's minority, but shall have the rights, powers, privileges, and obligations of a person of full age with respect to executing instruments under this subchapter. (1965, No. 198, § 7(f); amended 2003, No. 86 (Adj. Sess.), § 28.)
16 V.S.A. § 2869
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2869. Loan cancellation; mathematics, science, and computer science teachers

§ 2869. Loan cancellation; mathematics, science, and computer science teachers|(a) Loans obtained under this subchapter may be partially or completely cancelled and forgiven for a borrower who is employed for a complete academic school year as a full-time licensed teacher:  (1) in a Vermont elementary or secondary school that is approved by the State Board; and (2) in the subject area of mathematics, science, or computer science during a year when there is a critical shortage of licensed teachers in that area.   (b) Annually, the Board of the Corporation shall determine, after consultation with the Secretary, whether a critical shortage of licensed teachers exists in each of the subject areas of mathematics, science, and computer science.(c) The Board shall determine the amount of loan to be cancelled for each complete academic year of teaching service. The amount cancelled for each year shall not exceed 25 percent of the original principal amount plus any accrued interest.(d) This section is subject to the availability of funds specifically appropriated for loan cancellations under this section. (Added 1983, No. 76, § 1; amended 1989, No. 118, § 3; 2003, No. 86 (Adj. Sess.), § 29; 2013, No. 92 (Adj. Sess.), § 188, eff. Feb. 14, 2014.)
16 V.S.A. § 2875
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2875. Findings and intent

§ 2875. Findings and intent|(a) The general welfare and well-being of the State are directly related to the educational levels and skills of its citizens.(b) It is the policy of the State to advance postsecondary education opportunities by using the State's limited resources in an effective, efficient, and equitable manner.(c) Given the cost of postsecondary education to students, families, and the taxpayers of the State, it is in the public interest of the State to support supplemental means that enable its citizens to pursue their educational aspirations.(d) It is a valid and vital public purpose to create a means of encouraging the savings and investing of funds for future postsecondary education, in compliance with the Internal Revenue Code of 1986, as amended.(e) The implementation of the Vermont Higher Education Investment Plan as provided by this subchapter furthers this public purpose. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2013, No. 92 (Adj. Sess.), § 189, eff. Feb. 14, 2014.)
16 V.S.A. § 2876
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2876. Definitions

§ 2876. Definitions|As used in this subchapter, except where the context clearly requires another interpretation:  (1) "Beneficiary" means any individual designated by a participation agreement to benefit from payments for qualified postsecondary education costs. (2) "Benefits" means the payment of qualified postsecondary education costs on behalf of a beneficiary from a participant's investment plan account. (3) "Corporation" means Vermont Student Assistance Corporation. (4) "Internal Revenue Code" means the federal Internal Revenue Code of 1986, as amended, together with the regulations promulgated pursuant to that Code. (5) "Qualified postsecondary education costs" means the costs of tuition and fees for attendance at an approved postsecondary education institution, and other qualified higher education expenses as provided under 26 U.S.C. § 529. (6) "Approved postsecondary education institution" means a postsecondary education institution as defined in section 2822 of this title. (7) "Vermont Higher Education Investment Plan" or "Investment Plan" means one or more plans created pursuant to this subchapter. (8) "Participant" means a person who has entered into a participation agreement pursuant to this subchapter intended for the payment of qualified postsecondary education costs on behalf of a beneficiary. (9) "Participation agreement" means an agreement between a participant and the Corporation, pursuant to and conforming with the requirements of this subchapter. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 51, § 16, eff. Jan. 1, 2019; 2019, No. 154 (Adj. Sess.), § E.605.4, eff. Oct. 2, 2020.)
16 V.S.A. § 2878
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2878. Participation agreements for Investment Plan

§ 2878. Participation agreements for Investment Plan|The Corporation shall have the authority to enter into Investment Plan participation agreements with participants pursuant to the provisions of this subchapter, including the following terms and agreements:  (1) A participation agreement shall stipulate the terms and conditions of the Investment Plan to which the participant makes contributions. (2) A participation agreement shall clearly specify the method for calculating the return on the various investment options available and shall reference the relevant expenses and other pertinent information about the account. (3) The execution of a participation agreement by the Corporation shall not guarantee in any way that postsecondary education costs will be equal to projections and estimates provided by the Corporation or that the beneficiary named in any participation agreement will be admitted to an institution of postsecondary education. (4) A participation agreement shall clearly and prominently disclose to participants the risks associated with the various investment options available under the applicable Investment Plan. (5) Participation agreements shall be organized and presented in a way and with language that is easily understandable by the general public. A participation agreement shall clearly and prominently disclose to participants that the Corporation, the State, and any other governmental entity are not liable for, nor guarantee the return of or on the participant's contributions to an Investment Plan. A participation agreement shall also clearly and prominently disclose to participants the existence of any load charge or similar charge assessed against the accounts of the participants for administration, operation, or services. No fee or similar charge may be imposed with regard to an investment managed by the Corporation. Any fee, load, or similar charge with regard to any investment not managed by the Corporation shall be no greater than the cost determined by the Corporation to be required to administer the investment. The cost of originating and servicing any education loans made or acquired pursuant to participation agreements shall not be considered as load charges or similar charges. (6) Any investment advisory or management contract used with respect to a participation agreement shall be competitively bid pursuant to guidelines established by the Secretary of Administration. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 154 (Adj. Sess.), § E.605.4, eff. Oct. 2, 2020.)
16 V.S.A. § 2878a
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2878a. Participation agreements for Investment Plan; Vermont Matched Savings Program

§ 2878a. Participation agreements for Investment Plan; Vermont Matched Savings Program|The Corporation may participate in the Vermont Matched Savings Program established under 33 V.S.A. § 1123, in accordance with the rules of the Agency of Human Services adopted thereunder, in connection with an individual or family who, at the time of contributing funds into an account created pursuant to a Vermont Higher Education Investment Plan, receives public assistance or is otherwise an eligible saver under 33 V.S.A. § 1123. (Added 1999, No. 147 (Adj. Sess.), § 1a; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 154 (Adj. Sess.), §§ E.323, E.605.4, eff. Oct. 2, 2020.)
16 V.S.A. § 2879
2021 Vermont Statutes|Title 16 - Education|Chapter 87 - Grants, Scholarships and Education Loan Programs|§ 2879. Investment and payments

§ 2879. Investment and payments|All money paid by a participant in connection with a participation agreement shall be credited to the participant's account as received, held by the Corporation in trust for the benefit of the participant, and shall be promptly invested by the Corporation as selected by the participant from the investment options available under the participation agreement. Contributions and earnings accumulated in a participant's Investment Plan account may be used as provided in the participation agreement, including for payments of qualified postsecondary education costs. The trust shall continue in existence as long as it holds any funds belonging to a participant. (Added 1997, No. 79 (Adj. Sess.), § 1, eff. July 1, 1997; amended 2001, No. 58, § 4, eff. June 16, 2001; 2019, No. 154 (Adj. Sess.), § E.605.4, eff. Oct. 2, 2020.)