Postsecondary Education Loan Repayment Assistance

The bill creates the "Get on Your Feet Student Loan Repayment Assistance Program" to provide no more than 24 monthly payments on a qualified loan on behalf of a qualified recipient. A qualified recipient is required to satisfy eligibility and program participation requirements. The department of higher education is required to administer the program pursuant to guidelines promulgated by the commission on higher education. A person who received a program award but did not satisfy all eligibility and program participation requirements may be required to fully or partially reimburse the state. (Note: This summary applies to this bill as introduced.)