reglab/statecodes huggingface dataset:
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 2A - NEEDS BASED FINANCIAL AID PROGRAM (§§ 20-3-360 — 20-3-366) › Section 20-3-362 - [Repealed effective 6/30/2025] Application; regulations; refunds

Each eligible student wishing to receive a grant pursuant to this subpart shall submit a grant application in accordance with the rules, regulations, and procedures prescribed by the commission. The commission is authorized to define such terms and prescribe such rules, regulations, and procedures as may be reasonable and necessary to carry out the purposes of this subpart. In the event a student on whose behalf a grant is paid does not enroll as a full-time or part-time student for the academic semester for which the grant is paid, the qualified institution shall make a refund to the commission in accordance with the rules and regulations of the commission.
Amended by 2022 Ga. Laws 725,§ 3, eff. 7/1/2022.
Added by 2018 Ga. Laws 425,§ 10, eff. 7/1/2018.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 2A - NEEDS BASED FINANCIAL AID PROGRAM (§§ 20-3-360 — 20-3-366) › Section 20-3-363 - [Repealed effective 6/30/2025] Examination of qualified institutions; constructions; refunds; suspension

Each qualified institution shall be subject to examination by the commission for the sole purpose of determining whether the institution has properly certified the cost of attendance, eligibility, and enrollment of students; accurately credited grants paid on behalf of such students; and properly complied with the rules and regulations established pursuant to this subpart; provided, however, that nothing in this subpart shall be construed to interfere with the authority of the institution to determine admissibility of students or to control its own curriculum, philosophy, purpose, or administration. In the event it is determined that a qualified institution knowingly or through error certified an ineligible student to be eligible for a grant under this subpart, the amount of the grant paid to such institution pursuant to such certification shall be refunded by such institution to the commission. The commission may suspend a qualified institution from receiving payments under this subpart if it fails to refund any moneys as required by this subpart.
Amended by 2022 Ga. Laws 725,§ 4, eff. 7/1/2022.
Added by 2018 Ga. Laws 425,§ 10, eff. 7/1/2018.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 2A - NEEDS BASED FINANCIAL AID PROGRAM (§§ 20-3-360 — 20-3-366) › Section 20-3-364 - [Repealed effective 6/30/2025] Penalty for false statement or misrepresentation

Any person applying for a grant under this subpart or assisting a person applying for a grant under this subpart who knowingly makes or furnishes any false statement or misrepresentation for the purpose of enabling an ineligible student to wrongfully obtain a grant under this subpart shall be guilty of a misdemeanor.
Amended by 2022 Ga. Laws 725,§ 5, eff. 7/1/2022.
Added by 2018 Ga. Laws 425,§ 10, eff. 7/1/2018.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 2A - NEEDS BASED FINANCIAL AID PROGRAM (§§ 20-3-360 — 20-3-366) › Section 20-3-365 - [Repealed effective 6/30/2025] Collecting and monitoring enrollment and student record data; program evaluations

The commission shall collect and monitor enrollment and student record data for the needs based financial aid program established pursuant to this subpart. The commission shall annually measure and evaluate the program. Such evaluation shall include, but shall not be limited to, the total number of grants dispersed, the total dollar amount of grants dispersed, the total number of grants dispersed per qualified institution, and the total dollar amount of grants dispersed per qualified institution. The Office of Planning and Budget, the Department of Education, and qualified institutions shall cooperate with and provide data as necessary to the commission to facilitate the provisions of this Code section.
Added by 2022 Ga. Laws 725,§ 6, eff. 7/1/2022.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 2A - NEEDS BASED FINANCIAL AID PROGRAM (§§ 20-3-360 — 20-3-366) › Section 20-3-366 - [Repealed effective 6/30/2025] Repealer

This subpart shall stand repealed by operation of law on June 30, 2025.
Added by 2022 Ga. Laws 725,§ 7, eff. 7/1/2022.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3 - EDUCATIONAL LOANS FINANCED BY STATE FUNDS (§§ 20-3-370 — 20-3-375) › Section 20-3-370 - Legislative findings; purpose of subpart

The General Assembly finds that students and parents are not always able to obtain educational loan assistance from a commercial lender ; that a need exists to make additional educational loan funds available to students and parents; and that shortages exist within the state in the supply of trained personnel in certain paramedical and other professional and educational fields and other areas, which might possibly be alleviated by providing educational loan assistance to students in those fields and areas together with an option whereby such students can repay such educational loans through services rendered in lieu of cash repayment. The purpose of the General Assembly, as provided for in this subpart, is to enable the authority to make additional educational loans to students and parents and to make service cancelable loans to students in certain fields of study and other areas as provided in this subpart.
Amended by 2024 Ga. Laws 399,§ 2-24, eff. 6/30/2024.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3 - EDUCATIONAL LOANS FINANCED BY STATE FUNDS (§§ 20-3-370 — 20-3-375) › Section 20-3-371 - [Repealed]

Repealed and reserved by 2024 Ga. Laws 399,§ 2-25, eff. 6/30/2024.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3 - EDUCATIONAL LOANS FINANCED BY STATE FUNDS (§§ 20-3-370 — 20-3-375) › Section 20-3-372 - State funded educational loan program authorized; powers of authority

The authority is authorized to establish and administer a state direct educational loan program pursuant to this subpart. The authority is authorized to prescribe all rules, regulations, policies, and procedures necessary or convenient for the administration of the program and all terms and conditions applicable to loans made under this subpart; provided, however, that they shall conform with this subpart .
Amended by 2024 Ga. Laws 399,§ 2-26, eff. 6/30/2024.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3 - EDUCATIONAL LOANS FINANCED BY STATE FUNDS (§§ 20-3-370 — 20-3-375) › Section 20-3-373 - General loan fund

(a)
The authority shall maintain a general loan fund to which shall be credited:
(1)
State funds appropriated for use by the authority for educational loan purposes as specified in this subpart other than service cancelable loans;
(2)
Unrestricted moneys received by gift or otherwise and other moneys available for and determined by the authority to be used for the purposes of this Code section;
(3)
Outstanding educational loans held by the authority under this subpart as to which the borrower does not have a right to repay and cancel the loan through services rendered;
(4)
Principal collected on all educational loans held by the authority under this subpart; and
(5)
Such amounts as may be transferred to the fund from the service cancelable loan fund or the administration fund of the authority.
The authority is authorized to use moneys available in the fund to make guaranteed educational loans to eligible students and parents in accordance with its rules and regulations . The authority is further authorized, under such limited circumstances as it may prescribe, to use moneys available in the fund to purchase guaranteed educational loans made by other lenders and to sell guaranteed educational loans made or owned by the authority to eligible lenders.
(b)
The authority may, in its discretion, to the extent that it may specify in a resolution or trust indenture and in accordance with all other resolutions, indentures, and contracts entered into or executed by the authority in accordance with law and pursuant to Subpart 2 of this part, include in any pledge of revenues or assets made under Subpart 2 of this part educational loans, or revenues derived therefrom, which are a part of the general loan fund.
Amended by 2024 Ga. Laws 399,§ 2-27, eff. 6/30/2024.
Amended by 2008 Ga. Laws 577,§ 1, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3 - EDUCATIONAL LOANS FINANCED BY STATE FUNDS (§§ 20-3-370 — 20-3-375) › Section 20-3-375 - Income credited to authority administration fund; transfer of surplus to general loan fund

All income earned by the authority on funds held under this subpart, including earnings on educational loan trust fund assets unless otherwise provided for in the terms of such trust fund agreements, shall be credited to the authority administration fund for the uses prescribed in Code Section
20-3-318
. The board of directors is authorized, in its discretion, to transfer any surplus moneys in the authority administration fund to the general loan fund account for the uses prescribed in Code Section
20-3-373
.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-380 - Legislative findings; purpose of subpart

The General Assembly finds that many attorneys graduate from law school with substantial education debt; that the debt that saddles law school graduates prohibits many from considering public interest work; that Georgia law firms, on average, pay first year associates more than twice the entry level salary for public interest work; that a need exists for public interest entities to hire competent attorneys; that the public is better served by competent and qualified attorneys working in the area of public interest; and that programs providing for education loan forgiveness to encourage law students and other attorneys to seek employment in the area of public interest would better enable public interest entities to attract and retain experienced and qualified attorneys.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-381 - Definitions

As used in this subpart, the term:
(1)
"Assistant district attorney" means an attorney employed full time as an assistant district attorney.
(2)
"Assistant solicitor-general" or "assistant solicitor" means an attorney employed full time as an assistant solicitor-general, assistant city solicitor, or assistant municipal court solicitor.
(3)
"Civil legal aid attorney" means an attorney employed full time as an attorney in a tax-exempt legal aid nonprofit corporation dedicated to providing free or reduced cost legal services to low-income clients in civil cases.
(4)
"Civil legal aid organization" means a tax-exempt legal aid nonprofit corporation dedicated to providing free or reduced cost legal services to low-income clients in civil cases.
(5)
"Education loan" means any obligation of an attorney to repay a debt created by the advances of money to the attorney by an institutional or governmental lender that financed, in whole or in part, the debt incurred by the attorney to obtain the undergraduate degree necessary to enter law school, the debt incurred to obtain a Juris Doctor degree or the equivalent, or both.
(6)
"Fund" means the Public Interest Lawyers' Fund created by Code Section
20-3-383
.
(7)
"Maximum amount authorized" means $600.00 per month or an amount authorized by subsection (b) or (c) of Code Section
20-3-387
.
(8)
"Office of Legislative Counsel attorney" means an attorney employed full time by the Office of Legislative Counsel.
(9)
"Public defender" means an attorney employed full time in a city, county, state, or university affiliated public defender office or a criminal defense organization dedicated exclusively to providing indigent defense services as a tax-exempt nonprofit corporation.
(10)
"Public defender organization" means a city, county, state, or university affiliated public defender office or a criminal defense organization dedicated exclusively to providing indigent defense services as a tax-exempt nonprofit corporation.
(11)
"State Law Department attorney" means an attorney employed full time by the State Law Department.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-382 - Establishing and administration of loan forgiveness programs

The authority is authorized to establish and administer loan forgiveness programs for education loans to encourage law students and other attorneys to choose careers in the area of public interest. The authority is authorized to prescribe all rules, regulations, policies, and procedures necessary or convenient for the administration of these programs and all terms and conditions applicable to payments made under this subpart.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-383 - Creation of Public Interest Lawyers' Fund

(a)
There is created the Public Interest Lawyers' Fund.
(b)
The authority shall maintain the fund to which shall be credited:
(1)
State funds appropriated for use by the authority for education loan forgiveness purposes; and
(2)
Unrestricted moneys received by gift or otherwise and other moneys available for and determined by the authority to be used for the purposes of this subpart.
The authority is authorized to use moneys available in the fund to make payments to assist in repaying education loans for eligible attorneys in accordance with its rules and regulations.
(c)
Any private donations made by gift or otherwise to the fund may not be designated as to the specific program for which they will be used.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-384 - Corporation established; contracts with civil legal aid organizations

(a)
The authority is authorized to establish a corporation to administer the fund. Any subsidiary corporation created pursuant to this subsection shall be created pursuant to Chapter 3 of Title 14, the "Georgia Nonprofit Corporation Code," and the Secretary of State shall be authorized to accept any such filing. Upon dissolution of any subsidiary corporation of the authority created pursuant to this subsection, any assets shall revert to the authority or to any successor to the authority or, failing such succession, to the State of Georgia. The authority shall not be liable for the debts or obligations or bonds of any subsidiary corporation or for the actions or omissions to act of any subsidiary corporation unless the authority expressly so consents.
(b)
Any corporation established pursuant to subsection (a) of this Code section, through the authority, is authorized to enter into contracts with civil legal aid organizations or the employees of such organizations and public defender organizations or the employees of such organizations for the purpose of providing education loan forgiveness in consideration of such organizations' contributions and commitment to providing legal services to low-income civil clients or indigent criminal defendants of this state.
(c)
In order for attorneys employed by civil legal aid organizations and public defender organizations to participate, such organizations must contract with the authority and promise to provide the civil legal aid services or public defender services for the period of time for which an assisted employee is obligated or some other period determined by the authority.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-385 - Utilization of fund in repayment of education loans; funding of four separate programs

(a)
The fund shall be used by the authority to assist in the repayment of any education loan owed by an individual who is:
(1)
An assistant district attorney, an assistant solicitor-general, or an assistant solicitor;
(2)
A civil legal aid attorney;
(3)
A public defender; or
(4)
An Office of Legislative Counsel attorney or a State Law Department attorney.
(b)
The authority shall establish four separate programs to assist each of the four categories of recipients identified in subsection (a) of this Code section and shall account separately for the funding of each program. Any state appropriation of funds shall separately identify the amount of funds appropriated for each program. Private donations and any other funds available for such programs shall be allocated among such programs by the authority.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-386 - Distribution of education loan repayment assistance; conditions

(a)
Beginning the seventh month that an attorney is employed in one of the positions listed in Code Section
20-3-385
, the authority may distribute education loan repayment assistance for the attorney in an amount not to exceed $600.00 per month or the attorney's monthly debt service at the time the initial payments on the loan commenced, whichever is smaller except as otherwise provided in Code Section
20-3-387
. The attorney may also elect to receive an amount less than the maximum amount authorized and less than the attorney's monthly debt service.
(b)
As a condition of receipt of the loan forgiveness provided for in subsection (a) of this Code section, the attorney shall enter into a contract with the authority providing that the attorney will remain employed in one of the capacities specified in subsection (a) of Code Section
20-3-385
for one month after receipt of the attorney's last monthly installment of such assistance for each month for which such assistance was received up to a maximum of 18 months. If the attorney receives the maximum amount authorized, the attorney shall remain employed in such capacity for 18 months after receipt of the last monthly installment. If the attorney receives a lesser amount of education loan repayment assistance than the maximum amount authorized, the employment commitment shall be decreased proportionately, as determined by the authority; provided, however, that the authority may release the attorney from such obligation if it is demonstrated to the satisfaction of the authority that such attorney is unable to obtain employment in said specified capacities.
(c)
In the event that the attorney breaches the conditions of the contract with the authority, all moneys distributed by the authority under the contract during the 18 months immediately preceding the month in which the breach occurs shall at once become due and payable to the authority in cash with interest at a rate to be set by the authority.
(d)
The authority shall attempt to operate in such a manner as to qualify for the tax benefits provided in
26 U.S.C.A. Section 108
.
(e)
Nothing in this subpart shall preclude the obligations of the attorney to repay his or her student loan by cash or by service.
Amended by 2003 Ga. Laws 9, § 20, eff. 5/14/2003.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 3A - LOAN FORGIVENESS PROGRAMS FOR PUBLIC INTEREST ATTORNEYS (§§ 20-3-380 — 20-3-387) › Section 20-3-387 - Eligibility for education loan forgiveness; availability of funds

(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
.
Added by 2002 Ga. Laws 914, § 1, eff. 7/1/2002.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4 - STUDENT INCENTIVE GRANTS (§§ 20-3-390 — 20-3-391) › Section 20-3-390 - Legislative findings; purpose of subpart

The General Assembly finds that a substantial number of qualified Georgia students are not financially able to meet the costs of obtaining a postsecondary education due to a lack of family resources; that it would not be sound public policy to expect such students to borrow the total amount of funds needed to meet such costs and to incur thereby such substantial indebtedness; and that the United States provides matching funds to states which provide grant assistance to such students on the basis of financial need. The purpose of the General Assembly, as provided for in this subpart, is to enable the authority to participate in the federal program and to provide grant assistance to students who qualify for such assistance on the basis of individual financial need.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4 - STUDENT INCENTIVE GRANTS (§§ 20-3-390 — 20-3-391) › Section 20-3-391 - State student incentive grant program authorized; eligible students and schools

(a)
The authority is authorized to establish and administer a program to provide state student incentive grants to students enrolled at the undergraduate level who demonstrate a substantial degree of need for such financial assistance as provided for in the federal Higher Education Act of 1965 (P.L. 89-329), as amended, relative to state student incentive grant programs, including rules and regulations prescribed by the secretary pursuant thereto. The authority is authorized to use such federal funds as may become available to the authority for this purpose and state funds as may be appropriated for use by the authority for this purpose and to prescribe such rules and regulations as may be necessary for administration of the program pursuant to the federal law.
(b)
Residents of this state for a period of at least 12 months immediately preceding their date of registration in a branch of the university system; a private college or university which is an approved school for purposes of Subpart 5 of this part, which provides for grants to citizens of Georgia who are students attending colleges or universities in this state which are not branches of the university system; a college or university receiving funds under Article 4 of this chapter; a state supported vocational-technical school; or an accredited or approved nonprofit hospital school of nursing located in this state shall be eligible to apply for a state student incentive grant. The authority is authorized to extend coverage and the benefits of the program to students attending other nonprofit institutions of higher education located in this state which are approved by the United States for purposes of eligibility under the federal and state student incentive grant programs but only to the extent necessary to receive federal funds available for purposes of the program. Until the amount of funds available to the authority for purposes of this program is sufficient to provide assistance to qualifying students at all undergraduate levels, such assistance shall be limited to full-time students, the maximum student incentive grant that may be awarded to any student shall be approved by the board of directors, subject to appropriations by the General Assembly, and such grant assistance shall not be provided for study during the summer school term. No student shall be eligible to receive a state student incentive grant for a period of more than five academic years.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4A - DIRECT STUDENT LOANS (§§ 20-3-395 — 20-3-395.4) › Section 20-3-395 - Definitions

As used in this subpart, the term:
(1)
"Cost of attendance" of a student means the cost of attendance calculated in accordance with Title IV.
(2)
"Eligible high school" has the same meaning as provided in Code Section
20-3-519
.
(3)
"Eligible postsecondary institution" means:
(A)
A unit of the University System of Georgia that offers associate or baccalaureate degrees;
(B)
A unit of the Technical College System of Georgia that offers associate or baccalaureate degrees; or
(C)
An institution of higher education located in this state that offers associate or baccalaureate degrees; that is accredited by a regional accrediting agency recognized by the United States Department of Education; that is not a Bible school or college; that admits as regular students only persons who have a high school diploma, a state approved high school equivalency (HSE) diploma, or a degree from an accredited postsecondary institution; and whose students are eligible to participate in the federal Pell Grant program.
(4)
"Expected family contribution" means expected family contribution calculated in accordance with Title IV.
(5)
"Reasonable interest rate" means an interest rate no higher than the
Wall Street Journal
prime rate effective on July 1 for the fiscal year beginning July 1 of each year. If an outstanding loan made under this subpart is subject to the reasonable interest rate, the reasonable interest rate for the current fiscal year shall apply to such a loan during that fiscal year without regard to the interest rate at the time of the loan's origination or the interest rate at the time of the student's default.
(6)
"Title IV" means Title IV of the federal Higher Education Act of 1965, as amended,
20 U.S.C.A. Section 1070
, et seq.
Amended by 2022 Ga. Laws 726,§ 2, eff. 7/1/2022.
Added by 2008 Ga. Laws 577,§ 2, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4A - DIRECT STUDENT LOANS (§§ 20-3-395 — 20-3-395.4) › Section 20-3-395.2 - Separate fund for loans; fees

(a)
The authority shall establish and maintain a separate fund for loans in accordance with this subpart to which shall be credited:
(1)
State funds appropriated for use for loans under this subpart;
(2)
Moneys received by gift, donation, or otherwise for loans under this subpart;
(3)
Outstanding educational loans held by the authority under this subpart; and
(4)
Principal and interest collected on educational loans held by the authority under this subpart.
(b)
Beginning with the first fiscal year following the fiscal year in which the fund has a balance of $500,000.00 or more, for each fiscal year, the authority shall determine the amount of moneys available for loans under this subpart and shall determine the applicants who are eligible to receive such loans. The authority shall determine which eligible applicants receive loans by a random selection process in which each eligible applicant has an equal chance of being selected for a loan.
(c)
The authority shall be entitled to establish a reasonable fee for the processing and collecting of loans made under this subpart. Such fee shall be established by the authority by rule or regulation.
Added by 2008 Ga. Laws 577,§ 2, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4A - DIRECT STUDENT LOANS (§§ 20-3-395 — 20-3-395.4) › Section 20-3-395.3 - Repayment schedule; default; service cancelable

(a)
The authority shall by rule and regulation establish a repayment schedule or schedules for loans made under this subpart. Students shall be required to pay accrued interest annually on the loan or loans while attending a postsecondary institution except in cases of financial hardship. Students shall not be required to begin the repayment of the principal of such loans until the earliest occurrence of one of the following:
(1)
The student completes his or her course of study;
(2)
The student graduates from an eligible postsecondary institution;
(3)
One calendar year after the student's eligibility for a loan under this subpart ends in accordance with subsection (f) of Code Section
20-3-395.1
; or
(4)
The student has not been enrolled in an eligible postsecondary institution for two academic quarters or two academic semesters.
(b)
If the student defaults on the repayment of one or more loans under this subpart, the interest rate for such loan or loans shall be converted to the reasonable interest rate as defined in Code Section
20-3-395
.
(c)
Notwithstanding anything herein to the contrary, a student may service cancel a loan described in this subpart in accordance with rules and regulations promulgated by the authority if such student is employed by and agrees to teach in a public school in Georgia as a science, technology, engineering, or math teacher at the elementary, middle, or secondary level. For service repayment, the loan shall be repaid at a rate of one year of service for each academic year of study or its equivalent for which a loan is made to a student pursuant to this subpart.
Amended by 2011 Ga. Laws 3,§ 10, eff. 3/15/2011.
Added by 2008 Ga. Laws 577,§ 2, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4A - DIRECT STUDENT LOANS (§§ 20-3-395 — 20-3-395.4) › Section 20-3-395.4 - Ineligibility

A student is ineligible for any loan described in this subpart if the student:
(1)
Is not a United States citizen or a permanent resident alien who meets the definition of an eligible noncitizen under federal Title IV requirements;
(2)
Has not complied with United States Selective Service System requirements for registration, if such requirements are applicable to the student;
(3)
Is in default on a federal Title IV educational loan or a State of Georgia educational loan, provided that a student who is otherwise eligible and has fully repaid the defaulted loan will be eligible to obtain a loan under this subpart for future academic terms but not retroactively;
(4)
Owes a refund on a federal Title IV student financial aid program or a Georgia student financial aid program, provided that a student who is otherwise eligible and has fully paid the refund owed will be eligible to obtain a loan under this subpart for future academic terms but not retroactively;
(5)
Has been convicted of a felony offense involving marijuana, a controlled substance, or a dangerous drug as set out in Code Section
20-1-23
or
20-1-24
of the "Drug-free Postsecondary Education Act of 1990," provided that such ineligibility extends from the date of conviction to the completion of the next academic term;
(6)
Is incarcerated; or
(7)
Does not meet each qualification listed in this subpart and applicable to the student.
Added by 2008 Ga. Laws 577,§ 2, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4B - GRADUATE ON TIME STUDENT LOAN ACT (§§ 20-3-400 — 20-3-400.6) › Section 20-3-400 - Short title

This subpart shall be known and may be cited as the "Graduate On Time Student Loan Act."
Added by 2008 Ga. Laws 577,§ 3, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4B - GRADUATE ON TIME STUDENT LOAN ACT (§§ 20-3-400 — 20-3-400.6) › Section 20-3-400.4 - Separate fund for loans; fees

(a)
The authority shall establish and maintain a separate fund for loans in accordance with this subpart to which shall be credited:
(1)
State funds appropriated for use for GOT Student Loans;
(2)
Moneys received by gift, donation, or otherwise for GOT Student Loans;
(3)
Outstanding GOT Student Loans held by the authority; and
(4)
Principal and interest collected on GOT Student Loans held by the authority.
(b)
Beginning with the first fiscal year following the fiscal year in which the fund has a balance of $500,000.00 or more, for each fiscal year, the authority shall determine the amount of moneys available for loans under this subpart and shall determine which eligible applicants receive loans by a random selection process in which each eligible applicant has an equal chance of being selected for a loan.
(c)
The authority shall be entitled to establish a reasonable fee for the processing and collecting of GOT Student Loans. Such fees shall be established by the authority by rule or regulation.
Added by 2008 Ga. Laws 577,§ 3, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4B - GRADUATE ON TIME STUDENT LOAN ACT (§§ 20-3-400 — 20-3-400.6) › Section 20-3-400.5 - Repayment schedule; default

(a)
The authority shall by rule and regulation establish a repayment schedule or schedules for GOT Student Loans. Students shall be required to pay accrued interest annually while attending a postsecondary institution except in cases of financial hardship. Students shall not be required to begin the repayment of the principal of such loans until the earliest occurrence of one of the following:
(1)
The student completes his or her course of study;
(2)
The student graduates from an eligible postsecondary institution;
(3)
One calendar year after the student's eligibility for a loan under this subpart ends in accordance with subsection (g) of Code Section
20-3-400.2
; or
(4)
The student has not been enrolled in an eligible postsecondary institution for two academic quarters or two academic semesters.
(b)
If the student defaults on the repayment of one or more GOT loans, the interest rate for such loan or loans shall be converted to the reasonable interest rate as defined in Code Section
20-3-400.1
.
Added by 2008 Ga. Laws 577,§ 3, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4B - GRADUATE ON TIME STUDENT LOAN ACT (§§ 20-3-400 — 20-3-400.6) › Section 20-3-400.6 - Ineligibility

A student is ineligible for any loan described in this subpart if the student:
(1)
Is not a United States citizen or a permanent resident alien who meets the definition of an eligible noncitizen under federal Title IV requirements;
(2)
Has not complied with United States Selective Service System requirements for registration, if such requirements are applicable to the student;
(3)
Is in default on a federal Title IV educational loan or a State of Georgia educational loan, provided that a student who is otherwise eligible and has fully repaid the defaulted loan will be eligible to obtain a loan under this subpart for future academic terms but not retroactively;
(4)
Owes a refund on a federal Title IV student financial aid program or a Georgia student financial aid program, provided that a student who is otherwise eligible and has fully paid the refund owed will be eligible to obtain a loan under this subpart for future academic terms but not retroactively;
(5)
Has been convicted of a felony offense involving marijuana, a controlled substance, or a dangerous drug as set out in Code Section
20-1-23
or
20-1-24
of the "Drug-free Postsecondary Education Act of 1990," provided that such ineligibility extends from the date of conviction to the completion of the next academic term;
(6)
Is incarcerated; or
(7)
Does not meet each qualification listed in this subpart and applicable to the student.
Added by 2008 Ga. Laws 577,§ 3, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4C - EDUCATION FOR PUBLIC SERVICE STUDENT LOAN ACT (§§ 20-3-405 — 20-3-405.7) › Section 20-3-405 - Short title

This subpart shall be known and may be cited as the "Education for Public Service Student Loan Act."
Added by 2008 Ga. Laws 577,§ 4, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4C - EDUCATION FOR PUBLIC SERVICE STUDENT LOAN ACT (§§ 20-3-405 — 20-3-405.7) › Section 20-3-405.2 - Eligibility; repayment period; maximum amount; application; statement of requirements

(a)
The authority is authorized to provide direct loans to students who are legal residents of this state and who are not ineligible under Code Section
20-3-405.7
in accordance with the provisions of this subpart and regulations of the authority promulgated to implement this subpart.
(b)
The repayment period for an EPS Student Loan shall be ten years; provided, however, that, subject to the provisions of Code Section
20-3-405.6
, the commission may provide by regulation for deferral of payments and forbearance of payments similar to deferral and forbearance under federal student loan programs. The maximum amount of an EPS Student Loan shall be the lesser of $10,000.00 or the cost of attendance for a calendar year minus the estimated amount of the student's loans, grants, and scholarships, including loans, grants, and scholarships provided under Title IV, for the calendar year for which such loan is sought. The maximum amount of EPS Student Loans for a degree shall be $10,000.00 times the number of academic years required for a full-time student to earn the degree.
(c)
A student may apply for an EPS Student Loan annually. A student who is a legal resident of this state and who has graduated from an eligible high school shall be eligible for an EPS Student Loan for the first year of attendance at an eligible postsecondary institution. Any student who is a legal resident of this state attending an eligible postsecondary institution is eligible for an EPS Student Loan for the second and subsequent years of attendance. A student who is otherwise eligible for an EPS Student Loan is eligible for such a loan for expenses as a student seeking an associate degree, baccalaureate degree, and a graduate degree.
(d)
Except as otherwise provided by subsections (a) and (b) of Code Section
20-3-405.3
, the interest rate for an EPS Student Loan shall be a reasonable interest rate as defined by paragraph (9) of Code Section
20-3-405.1
and as established by the authority by rule or regulation.
(e)
The promissory note signed for each EPS Student Loan shall include a statement of the requirements a student must meet for conversion of the loan to a 1 percent loan and for conversion of the loan to an interest-free loan.
Added by 2008 Ga. Laws 577,§ 4, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4C - EDUCATION FOR PUBLIC SERVICE STUDENT LOAN ACT (§§ 20-3-405 — 20-3-405.7) › Section 20-3-405.4 - Conversion to interest free loans

When a student meets the requirements for conversion of one or more EPS loans to a 1 percent rate or to an interest-free loan or loans, the student may elect to waive the conversion of the EPS loan or loans for that degree and apply all or part of the student's years of completed public service to one or more EPS loans for a subsequent degree, without regard to whether such EPS loan or loans for a subsequent degree exist at the time of the student's election. In any event, each year of completed public service may be applied only to a single degree and the student is not authorized to change an election after notifying the authority in writing of his or her election.
Added by 2008 Ga. Laws 577,§ 4, eff. 7/1/2008.
2023 CODE OF GEORGIA › Title 20 - EDUCATION (§§ 20-1-1 — 20-18-7) › Chapter 3 - POSTSECONDARY EDUCATION (§§ 20-3-1 — 20-3-683) › Article 7 - SCHOLARSHIPS, LOANS, AND GRANTS (§§ 20-3-230 — 20-3-519.14) › Part 3 - GEORGIA STUDENT FINANCE AUTHORITY (§§ 20-3-310 — 20-3-494) › Subpart 4C - EDUCATION FOR PUBLIC SERVICE STUDENT LOAN ACT (§§ 20-3-405 — 20-3-405.7) › Section 20-3-405.5 - Separate fund for loans; fees

(a)
The authority shall establish and maintain a separate fund for loans in accordance with this subpart to which shall be credited:
(1)
State funds appropriated for use for EPS Student Loans;
(2)
Moneys received by gift, donation, or otherwise for EPS Student Loans;
(3)
Outstanding EPS Student Loans held by the authority; and
(4)
Principal and interest collected on EPS Student Loans held by the authority.
(b)
Beginning with the first fiscal year following the fiscal year in which the fund has a balance of $500,000.00 or more, for each fiscal year, the authority shall determine the amount of moneys available for loans under this subpart and shall determine which eligible applicants receive loans by a random selection process in which each eligible applicant has an equal chance of being selected for a loan.
(c)
The authority shall be entitled to establish a reasonable fee for the processing and collecting of EPS Student Loans. Such fees shall be established by the authority by rule or regulation.
Added by 2008 Ga. Laws 577,§ 4, eff. 7/1/2008.