Loan forgiveness (Repealed)

State fellowship recipients who, upon completion of their doctoral program, teach in their field shall have the loan forgiven in equal amounts over a period of three years if they teach at a college or university in the state for three years and in equal amounts over a period of five years if they teach at an accredited out-of-state college or university for five years. The institution shall establish application and certification procedures for administering the loan forgiveness. The institution also may forgive the loan component in the event of the death or disability of the recipient.