81-3432.01 Repayment of qualified educational debt; authorized; eligibility. - Nebraska Statutes

81-3432.01. Repayment of qualified educationaldebt; authorized; eligibility.(1) The board may repay qualified educational debt owedby an eligible graduate. Such repayment shall be made from the Engineers andArchitects Regulation Fund. To be eligible for loan repayment, a recipientshall be a graduate of (a) a National Architectural Accrediting Board-accreditedarchitecture program in Nebraska or (b) an ABET-accredited engineering programin Nebraska and shall have obtained qualified educational debt.(2) For purposesof this section, qualified educational debt means government and commercialloans obtained by a student for postsecondary education tuition, other educationalexpenses, and reasonable living expenses, as determined by the board.(3) The board may adoptand promulgate rules and regulations governing any loan repayment under thissection. SourceLaws 2009, LB446, § 3.