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Colorado Revised Statutes Title 23. Postsecondary Education § 23-31-1009. Loan repayment

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The council shall make all payments under the program on a veterinarian's behalf to the issuer or purchaser of the veterinarian's student loan.

(2) As required by a selected veterinarian's contract under the program, the veterinarian is eligible for the following amounts of loan repayment:

(a) Upon completion of six months of the first year of service under the program, fifteen thousand dollars;

(b) Upon completion of a second year of service under the program, an additional twenty thousand dollars;

(c) Upon completion of a third year of service under the program, an additional twenty-five thousand dollars; and

(d) Upon completion of a fourth year of service under the program, an additional thirty thousand dollars.

(3) A veterinarian is not entitled to receive more than seventy thousand dollars under the program.

(4) If, for any of the years of service for which a veterinarian selected under the program is contracted to provide service, the veterinarian fails to complete the entire year of service, the council shall prorate the amount of loan repayment on the veterinarian's behalf for that year.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 23. Postsecondary Education § 23-31-1009. Loan repayment - last updated January 01, 2025 | https://codes.findlaw.com/co/title-23-postsecondary-education/co-rev-st-sect-23-31-1009/

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