38 U.S.C. · Veterans' Benefits
38 U.S.C. § 7694

Specialty education loan repayment

Ch. 76 — HEALTH PROFESSIONALS EDUCATIONAL ASSISTANCE PROGRAM
Title 38 U.S.C. ● ACTIVE Primary Source Ch. 76
Statutory Text

38 U.S.C. § 7694 — Specialty education loan repayment

U.S.C. Title 38 - VETERANS' BENEFITS 38 U.S.C. United States Code, 2023 Edition Title 38 - VETERANS' BENEFITS PART V - BOARDS, ADMINISTRATIONS, AND SERVICES CHAPTER 76 - HEALTH PROFESSIONALS EDUCATIONAL ASSISTANCE PROGRAM SUBCHAPTER VIII - SPECIALTY EDUCATION LOAN REPAYMENT PROGRAM Sec. 7694 - Specialty education loan repayment From the U.S. Government Publishing Office, www.gpo.gov

§7694. Specialty education loan repayment

(a) In General.—Payments under the Specialty Education Loan Repayment Program shall consist of payments for the principal and interest on loans described in section 7682(a)(2) of this title for individuals selected to participate in the Program to the holders of such loans. (b) Frequency of Payment.—The Secretary shall make payments for any given participant in the Specialty Education Loan Repayment Program on a schedule determined appropriate by the Secretary. (c) Maximum Amount; Waiver.—(1) The amount of payments made for a participant under the Specialty Education Loan Repayment Program may not exceed $160,000 over a total of 4 years of participation in the Program, of which not more than $40,000 of such payments may be made in each year of participation in the Program. (2)(A) The Secretary may waive the limitations under paragraph (1) in the case of a participant described in subparagraph (B). In the case of such a waiver, the total amount of payments payable to or for that participant is the total amount of the principal and the interest on the participant's loans referred to in subsection (a). (B) A participant described in this subparagraph is a participant in the Program who the Secretary determines serves in a position for which there is a shortage of qualified employees by reason of either the location or the requirements of the position.

(Added Pub. L. 115–182, title III, §303(a), June 6, 2018, 132 Stat. 1465.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 38 U.S.C. § 7694 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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