Establishes Volunteer First Responders Loan Redemption Program in Higher Education Student Assistance Authority.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates the Volunteer First Responders Loan Redemption Program within the Higher Education Student Assistance Authority. It aims to provide loan forgiveness to individuals who become volunteer emergency responders after completing a higher education degree. To qualify, applicants must meet specific volunteer hours or response requirements, have completed a degree, and provide verification of their volunteer status. The program will redeem eligible student loan expenses up to a maximum of $6,000, with additional payments possible during continued service.
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