An Act To Amend the Social Work Education Loan Repayment Program

Sec. 1. 10 MRSA §1038, sub-§5,  as enacted by PL 2009, c. 427, §1, is amended to read:

Sec. 2. Appropriations and allocations. The following appropriations and allocations are made.

FINANCE AUTHORITY OF MAINE

Initiative: Appropriates ongoing funds for the Social Work Education Loan Repayment Program.

GENERAL FUND	2013-14	2014-15
All Other	$20,000	$20,000
GENERAL FUND TOTAL	$20,000	$20,000

summary

This bill amends the Social Work Education Loan Repayment Program to allow the Finance Authority of Maine to provide debt relief directly to the applicant or to make loan repayments to the lender. This bill also increases the number of applicants who may be eligible for loan relief from 3 applicants to 40 applicants per year, decreases the maximum amount of debt relief to $1,000 and provides an ongoing appropriation of $20,000 per year.