1. A chiropractic graduate student forgivable loan program is established, to be administered by the college student aid commission for resident graduate students who are enrolled at Iowa chiropractic colleges and universities. A resident graduate student attending an Iowa chiropractic college or university is eligible for loan forgiveness under the program if the student meets all of the following conditions:
a. The student graduates from an Iowa chiropractic college or university that meets the requirements for approval under section 151.4.
b. The student has completed a chiropractic residency program.
c. The student practices in the state of Iowa.
d. The student has made application for, using the procedures specified in section 261.16, and received moneys through the college student aid commission from the funds allocated for loans under this section.
2. Of the moneys loaned to an eligible student, for each year of up to and including four years of practice in Iowa, the amount of one thousand one hundred dollars shall be forgiven. If a student fails to complete a year of practice in the state, the loan amount for that year shall not be forgiven. Forgivable loans made to eligible students shall not become due, for repayment purposes, until after the student has completed the student's residency.
3. For purposes of this section "graduate student" means a student who has completed at least ninety semester hours, or the trimester or quarter equivalent, of postsecondary course work at a public higher education institution or at an accredited private institution, as defined under section 261.9. The college student aid commission shall adopt rules, consistent with rules used for students enrolled in higher education institutions under the control of the state board of regents, for purposes of determining Iowa residency status of graduate students under this section. The commission shall also adopt rules which provide standards, guidelines, and procedures for the receipt, processing, and administration of student applications and loans under this section.
95 Acts, ch 218, § 23
Iowa General Assembly
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