Establishes the National Guard Student Loan Repayment Program to repay student loans for North Carolina National Guard members.
The bill creates the National Guard Student Loan Repayment Program, which provides student loan repayment awards to active members of the North Carolina National Guard. The program offers up to $50,000 for a three-year term of service, with an additional $10,000 for each year beyond three. Recipients must repay the award if they fail to complete their term of service. The program is administered by the North Carolina National Guard Adjutant General, who oversees the fund and ensures compliance with program guidelines.
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- Critical Issues
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