New Hampshire Code of Administrative Rules
Pos - Postsecondary Education Commission
Chapter Pos 900 - WORKFORCE INCENTIVE PROGRAM -LOAN REPAYMENT
Part Pos 902 - AWARD PROCEDURES
Section Pos 902.01 - Award Amounts and Frequency
Universal Citation: NH Admin Rules Pos 902.01
Current through Register No. 40, October 3, 2024
(a) Awards shall be made to the loan servicer, in the recipient's name, in the following amounts:
(1) For first and second years of
service, 15% of loan amount up to $1,500;
(2) For the third and fourth years
of service, 20% of loan amount up to $2,000; and
(3) For the fifth year of service,
30% of loan amount up to $3,000.
(b) If the loan balances total more than $10,000, the loans shall be credited by descending interest rate or in the order of preference by applicant designation.
(c) Only loan principal shall be eligible for repayment.
(d) No recipient shall receive more than $10,000 in loan repayments.
#6398, eff 12-16-96; ss by #8043, eff 2-18-04
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