S.D. Admin. R. 74:05:08:12.03
All applicants will be awarded points to determine principal forgiveness eligibility as follows: five points if an applicant's median household income is less than or equal to 95 percent of the statewide median household income of $59,896; three points if an applicant's median household income is less than or equal to 105 percent of the statewide median household income of $59,896 and greater than 95 percent of the statewide median household income of $59,896; one point if the applicant's 2020 census population is less than the applicant's 2010 census population; and one point if an applicant's county unemployment rate is greater than the statewide unemployment rate. If the boundaries of an applicant are located in more than one county, the unemployment rate of the county with the largest percentage of the applicant's population will be used. Applicants must receive a minimum of five points to be eligible for principal forgiveness.
S.D. Admin. R. 74:05:08:12.03
General Authority: SDCL 46A-1-60.3.
Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.
South Dakota and County Labor Force Date, December 2022, Labor Market Information Center, South Dakota Department of Labor and Regulation. This information is available at no cost over the internet at http://denr.sd.gov/Funding/EnvironmentalFunding/docs/UnemploymentRate.pdf.