(a) (1) A student who receives an Arkansas Future Grant shall enter into a written agreement with the Division of Higher Education to reside in this state for six (6) months and be employed beginning within six (6) months after receiving an associate degree or a certification.(2) The Division of Higher Education may defer the requirement under subdivision (a)(1) of this section if:(A) The Division of Higher Education, in consultation with the Division of Workforce Services, determines that there was no employment position available that would reasonably enable the student to meet this requirement; or(B) Special circumstances as determined by the Division of Higher Education exist.(3) After the period of deferral, the student shall begin or resume working in this state or become subject to repayment under subsection (b) of this section.
(1) A student who receives an Arkansas Future Grant shall enter into a written agreement with the Division of Higher Education to reside in this state for six (6) months and be employed beginning within six (6) months after receiving an associate degree or a certification.
(2) The Division of Higher Education may defer the requirement under subdivision (a)(1) of this section if:(A) The Division of Higher Education, in consultation with the Division of Workforce Services, determines that there was no employment position available that would reasonably enable the student to meet this requirement; or(B) Special circumstances as determined by the Division of Higher Education exist.
(A) The Division of Higher Education, in consultation with the Division of Workforce Services, determines that there was no employment position available that would reasonably enable the student to meet this requirement; or
(B) Special circumstances as determined by the Division of Higher Education exist.
(3) After the period of deferral, the student shall begin or resume working in this state or become subject to repayment under subsection (b) of this section.
(b) The written agreement under subsection (a) of this section shall provide that the grant converts into a loan and the student shall repay the grant amount:(1) On a pro rata basis at an interest rate and on a schedule as determined by the Division of Higher Education for each year the student does not reside in this state for three (3) consecutive years and become employed beginning within six (6) months after receiving an associate degree or a certification; or(2) In its entirety at an interest rate and on a schedule as determined by the Division of Higher Education if the recipient does not comply with the written agreement under subsection (a) of this section.
(1) On a pro rata basis at an interest rate and on a schedule as determined by the Division of Higher Education for each year the student does not reside in this state for three (3) consecutive years and become employed beginning within six (6) months after receiving an associate degree or a certification; or
(2) In its entirety at an interest rate and on a schedule as determined by the Division of Higher Education if the recipient does not comply with the written agreement under subsection (a) of this section.