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Legal Resources | Education Code |  EC  70108  

Assumption Program of Loans for Education   

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The commission shall report annually to the Legislature on this program. The report shall include, but not be limited to, all of the following:

(a) The total number of loan assumption agreements offered, by education level and institution.

(b) The number of loan assumption agreements paid out, by education level and institution.

(c) The number of loan assumption agreements that are redeemed, by year of service (year one through year three).

(d) The annual and cumulative attrition rate of participants, by education level and institution.

(Amended by Stats. 2006 and renumbered from 69616.8, Ch. 837, Sec. 12.)