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GA HB130

GA HB130
Georgia Student Finance Authority; student loan repayment for peace officers; provide


summary

Introduced
01/30/2023
In Committee
01/25/2024
Crossed Over
03/01/2023
Passed
04/01/2024
Dead
Signed/Enacted/Adopted
05/01/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT To amend Part 3 of Article 7 of Chapter 3 of Title 20 of the Official Code of Georgia Annotated, relating to the Georgia Student Finance Authority, so as to provide for student loan repayment for peace officers; to provide for definitions; to provide for eligibility requirements; to provide for continued eligibility requirements; to provide for student loan repayment agreements and conditions; to provide for maximum student loan repayment amounts; to provide for rules and regulations; to provide for appropriations contingency; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.

AI Summary

This bill amends Georgia's laws to provide student loan repayment assistance for peace officers in the state. It defines "eligible applicants" as Georgia residents who became full-time peace officers in the state on or after January 1, 2024, or are currently employed as full-time peace officers and are enrolled in a criminal justice degree program. The bill authorizes the Georgia Student Finance Authority to approve applications and provide student loan repayment to eligible applicants, up to a maximum of $20,000 or the total student loan debt, whichever is less, over a term of up to 5 years. The repayment is contingent on the recipient remaining a Georgia resident and full-time peace officer during the agreement term. The bill also requires the Authority to adopt necessary rules and regulations and states that the repayment program is contingent on annual appropriations by the Georgia General Assembly.

Committee Categories

Education

Sponsors (7)

Last Action

Effective Date 2024-05-01 (on 05/01/2024)

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