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institutions which may seek these waivers is unknown but is not anticipated to be significant.

III.ESTIMATED COSTS AND/OR ECONOMIC BENEFITS TO DIRECTLY AFFECTED PERSONS OR NONGOVERNMENTAL GROUPS (Summary)

Assuming the rule change encourages institutions to seek licensure, Louisiana residents would be able to complete the clinical portion of their education without leaving the state.

IV.ESTIMATED EFFECT ON COMPETITION AND EMPLOYMENT (Summary)

The rule change would allow students to complete clinical training in their home state rather than leaving Louisiana.

Larry Tremblay

H. Gordon Monk

Acting Deputy Commissioner

Legislative Fiscal Officer

0810#081

Legislative Fiscal Office

NOTICE OF INTENT

Student Financial Assistance Commission

Office of Student Finanical Assistance

Health Care Educator Loan Forgiveness Program (LAC 28:IV.Chapter 16)

The Louisiana Student Financial Assistance Commission (LASFAC) announces its intention to amend its Scholarship/Grant rules (R.S. 17:3021-3025, R.S. 3041.10-3041.15, R.S. 17:3042.1, R.S. 17:3048.1, R.S. 17:3048.5 and R.S. 17:3048.6).

This rulemaking will implement Chapter 16 of LOSFA’s Scholarships/Grants rules to provide for the administration of the Health Care Educator Loan Forgiveness Program in accordance with a Memorandum of Understanding between the Louisiana Student Financial Assistance Commission and the Louisiana Board of Regents.

The proposed Rule has no known impact on family formation, stability, or autonomy, as described in R.S. 49:972. (SG0998NI)

Title 28

EDUCATION

Part IV.  Student Financial Assistance―Higher Education Scholarship and Grant Programs

Chapter 16.Health Care Educator Loan Forgiveness Program

§1601.General Provisions

A.The Health Care Educator Loan Forgiveness Program is administered by the Louisiana Office of Student Financial Assistance (LOSFA) in accordance with a Memorandum of Understanding by and between the Louisiana Board of Regents and the Louisiana Student Financial Assistance Commission (LASFAC).

B.Description, History and Purpose. The Health Care Educator Loan Forgiveness Program (Program) is established to provide funding to individuals to pursue an advanced degree, either masters or doctoral degree, in nursing or allied health. The purpose of the Program is to provide an incentive for individuals who receive an advanced degree in nursing or allied health education to become postsecondary education faculty members in the field of registered nursing or top demand allied health education.

C.Effective Date. Health Care Educator Loans shall be disbursed by LASFAC beginning with the 2008-2009 academic year.

D.Eligible Semesters/Terms. Health Care Educator Loans will be disbursed to recipients seeking a master's degree in August and January. Health Care Educator Loans will be disbursed to recipients pursuing a doctoral degree in August, January, and June, if applicable.

E.Award Amount. A Health Care Educator Loan Forgiveness Program recipient may receive up to $20,000 per academic year. Recipients pursuing a master's degree may receive a lifetime maximum loan of $40,000 and may receive two disbursements of $10,000, one in August and one in January. Recipients pursuing a doctoral degree may receive a lifetime maximum loan of $60,000 and may receive up to three disbursements per academic year, depending upon whether he is enrolled full-time or at least 2/3 time. A recipient pursuing a doctoral degree may receive $10,000 if he is enrolled full-time and $5,000 if he is enrolled at least 2/3 time, one disbursement in August and one disbursement in January. A recipient who has not received $20,000 during the academic year and who enrolls during the summer term will receive $5,000 in June.

AUTHORITY NOTE:Promulgated in accordance with R.S. 17:3021-3036, R.S. 17:3042.1, R.S. 17:3048.1 and R.S. 17:3048.5.

HISTORICAL NOTE:Promulgated by the Student Financial Assistance Commission, Office of Student Financial Assistance, LR 35:

§1603.Definitions

A.Words and terms not otherwise defined in this Chapter shall have the meanings ascribed to such words and terms in this Section. Where the masculine is used in these rules, it includes the feminine, and vice versa; where the singular is used, it includes the plural, and vice versa.

Academic Yearthe academic year begins with the fall semester or term of the award year, includes the winter term, if applicable, the spring semester or term, and concludes with the completion of the summer term, if applicable.
Enrolled Full-Time—the student is enrolled for at least 9 semester hours in the fall or spring (or equivalent for term), 6 semester hours in the summer or equivalent as determined by the program in which he is enrolled
Enrolled 2/3 Time—the student is enrolled for at least 6 semester hours in the fall or spring (or equivalent for term)
Participating Institutiona postsecondary institution in Louisiana selected by the Board of Regents to participate in the Health Care Educator Loan Forgiveness Program.
Recipienta masters or doctoral degree student who has been nominated by a participating institution to participate in the Health Care Educator Loan Forgiveness Program and who has completed a master promissory note to receive Program funds.

AUTHORITY NOTE:Promulgated in accordance with R.S. 17:3021-3036, R.S. 17:3042.1, R.S. 17:3048.1 and R.S. 17:3048.5.

HISTORICAL NOTE:Promulgated by the Student Financial Assistance Commission, Office of Student Financial Assistance, LR 35:

§1605.Participation in the Program

A.To participate in the Health Care Educator Loan Forgiveness Program, a student must be nominated to participate in the Program by a participating institution.

Louisiana Register   Vol. 34, No. 10   October 20, 2008

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