Section 457-603-5 - Loans to Currently Enrolled Undergraduate College StudentsA. Initial Loan Eligibility (1) The student must be currently enrolled in an institution of higher education.(2) The student must be a graduate of a Maine high school or the equivalent and a resident of Maine or a graduate of other than a Maine high school or the equivalent and a resident of Maine at least one year for other than educational purposes.(3) The student must maintain at a minimum a 3.0 grade point average on a 4.0 grade point system or the equivalent thereof as determined in the discretion of the chief executive officer.(4) The student must be enrolled on a full-time basis as determined by standards of the institution.(5) The student must sign an agreement which details conditions to be met for receipt of a loan.(6) The student must be recognized as a Blaine House Scholar.(7) Preference shall be given to students who are enrolled or intend to enroll in a program which has been determined to be an underserved subject area.(8) The student must sign a statement certifying compliance with the United States Military Selective Service Registration Act or certifying the basis for an exemption from compliance.B. Renewal Loan Eligibility (1) The student must apply annually for a loan on or before the deadline date.(2) The student must have received an initial loan.(3) The student must maintain at a minimum a 2.5 grade point average based on a 4.0 grade point system or the equivalent thereof, as determined in the discretion of the chief executive officer. Should the GPA fall below 2.5, the student has one academic year to bring the GPA up to 2.5. If this requirement is not met the student will be ineligible for further program participation.(4) The student must be pursuing a postsecondary education at an institution of higher education on a full-time basis as determined by standards of the institution.(5) A student granted an approved leave of absence by the postsecondary institution may be eligible to renew the loan at the termination of the leave of absence provided that all other requirements of this section are met.(6) The student must sign an agreement which details conditions to be met for receipt of a loan.(7) The student must maintain residence in the State of Maine in order to be eligible for a renewal loan.C. Deferral. Acceptance of an initial award or renewal of a previous award may be deferred for one academic year only. If a designated Blaine House Scholar fails to be duly enrolled in an institution of higher education, as defined by these rules, by the beginning of the second academic year which follows the students designation as a Blaine House Scholar or receipt of a renewal award the student shall be ineligible for further program participation.94- 457 C.M.R. ch. 603, § 5