Loan repayment incentive grants

Loan repayment incentive grants. Loan repayment incentive grants. The department may make loan repayment incentive grants to targeted group members within job classifications in which targeted group members are underutilized in the department as specified in s. 85.107 (3) (b) , Stats. A loan repayment incentive grant shall be used only to repay the employee’s education loans that are directly attributable to the employee acquiring a bachelor’s degree, associate degree, or vocational diploma and that are outstanding on the date a grant applicant begins full–time employment with the department. Only loans from recognized lending institutions, including major credit card companies, shall be eligible for loan repayment incentive grants. Grants may not exceed the amount of the employee’s educational loans outstanding.