1.__First year.__At the end of the first year of teaching, 5% of the original amount of education loans is eligible for repayment by the department;

2.__Second year.__At the end of the 2nd year of teaching, 15% of the original amount of education loans is eligible for repayment by the department;

3.__Third year.__At the end of the 3rd year of teaching, 15% of the original amount of education loans is eligible for repayment by the department; and

4.__Fourth year.__At the end of the 4th year of teaching, 15% of the original amount of education loans is eligible for repayment by the department.

In no event may the amount repaid by the department exceed 50% of the original amount of education loans made to the eligible person.

§12525.__Eligibility

Only a person who meets the following requirements is eligible to participate in the program.

1.__Certified.__The person must be certified by the commissioner under chapter 501 or 502 in order to:

A. Teach in any public elementary or secondary school in the State; or

B. Teach in any private school receiving basic approval under section 2901.

2.__Outstanding loans.__The person must have an outstanding education loan or loans.

3.__Hired after determination.__The person must be hired to teach in an underserved subject area after the determination of the commissioner that the school is a critical area school or qualifying area school.

§12526.__Payment provisions