Text: HF00591 Text: HF00593 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. COLLEGE STUDENT AID COMMISSION. There is
1 2 appropriated from the general fund of the state to the college
1 3 student aid commission for the fiscal year beginning July 1,
1 4 1997, and ending June 30, 1998, the following amount, or so
1 5 much thereof as is necessary, to be used for the purpose
1 6 designated:
1 7 For guidance counselor shortage loan payments pursuant to
1 8 section 261.44A:
1 9 .................................................. $ 250,000
1 10 Sec. 2. NEW SECTION. 261.44A GUIDANCE COUNSELOR SHORTAGE
1 11 LOAN PAYMENTS.
1 12 1. An individual is eligible for reimbursement payments
1 13 under the guaranteed loan payment program if the individual
1 14 meets all of the following conditions:
1 15 a. Is a guidance counselor employed on a full-time basis
1 16 under sections 279.13 through 279.19 in a school district in
1 17 this state, is a guidance counselor in an accredited nonpublic
1 18 school in this state, or is a guidance counselor at the Iowa
1 19 braille and sight saving school or the Iowa school for the
1 20 deaf.
1 21 b. As of the beginning of a school year, has an
1 22 outstanding debt with an eligible lender under the Iowa
1 23 guaranteed loan program or has parents with an outstanding
1 24 debt with an eligible lender under the federal PLUS loan
1 25 program under 20 U.S.C. } 1078-2.
1 26 c. Has never defaulted on a loan guaranteed by the
1 27 commission or by the federal government.
1 28 2. The maximum annual reimbursement payment to an eligible
1 29 guidance counselor for loan repayments made during a school
1 30 year is seven hundred dollars or the remainder of the guidance
1 31 counselor's loan, whichever is less. Total payments for an
1 32 eligible guidance counselor shall not exceed two thousand one
1 33 hundred dollars. If a guidance counselor fails to complete a
1 34 year of guidance counseling in a school designated under
1 35 subsection 1, paragraph "a", the guidance counselor shall not
2 1 be reimbursed for loan repayments made during that school
2 2 year.
2 3 3. The commission may sign contracts with eligible
2 4 students in a guidance counseling course of study at or after
2 5 the time of loan origination to assure loan repayment.
2 6 EXPLANATION
2 7 This bill appropriates $250,000 to the college student aid
2 8 commission for the 1997-1998 fiscal year to provide for
2 9 guidance counselor shortage loan payments. The bill provides
2 10 that a person is eligible for reimbursement payments under the
2 11 guaranteed loan payment program if the individual is a full-
2 12 time guidance counselor at an accredited school, has an
2 13 outstanding debt with an eligible lender under the Iowa
2 14 guaranteed loan program or whose parents have an outstanding
2 15 debt in the PLUS program, and has never defaulted on a college
2 16 student aid commission loan or federal loan.
2 17 The maximum annual amount of reimbursement under the bill
2 18 is $700 or the remainder of the guidance counselor's loan,
2 19 whichever is less. Total payments are limited to $2,100. If
2 20 the guidance counselor fails to finish a year of instruction,
2 21 no reimbursements shall be made to the guidance counselor for
2 22 that year.
2 23 LSB 2113HH 77
2 24 kh/jj/8.1
Text: HF00591 Text: HF00593 Text: HF00500 - HF00599 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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