Minn. R. agency 201, ch. 4830, MINNESOTA NATIONAL SERVICE SCHOLARS MATCHING GRANT, pt. 4830.9130

Current through Register Vol. 49, No. 24, December 9, 2024

Part 4830.9130 - APPLICATION AND DISBURSEMENT OF FUNDS

Subpart 1.Completed application.

A completed application must include the following:

A. a completed application form;

B. an employment verification form completed by a school district representative;

C. verification of the applicant's qualified educational loans; and

D. verification of the applicant's income and household size.

Subp. 2.Award amount.

The amount of an eligible participant's annual award shall not exceed $1,000 or the cumulative balance of the applicant's qualified educational loans, including principal and interest, whichever amount is less.

Subp. 3.Funds availability.

If there are insufficient funds to provide an award to all eligible participants, the commissioner shall not prorate each award. The commissioner shall prioritize the awards to eligible participants based on:

A. the financial need of an applicant, considering the applicant's income, household size, and total qualified educational loan;

B. previous awards to the applicant from the teacher shortage loan forgiveness program;

C. whether the applicant is employed in an economic development region that is a teacher shortage area;

D. whether the applicant is employed in a teacher shortage area within the applicant's economic development region;

E. whether the applicant is employed in a statewide teacher shortage area; and

F. the statewide distribution of funds.

Minn. R. agency 201, ch. 4830, MINNESOTA NATIONAL SERVICE SCHOLARS MATCHING GRANT, pt. 4830.9130