(a) During times of funding shortages under the Arkansas Academic Challenge Scholarship Program, the Division of Higher Education shall give a priority to awards to applicants meeting all eligibility requirements under the program who agree to accept a forgivable loan, as set forth in this section, in lieu of a scholarship and who agree to teach, as required under § 6-85-110, in a:
(1) Subject matter area designated by the Division of Elementary and Secondary Education as having a critical shortage of teachers; or
(2) Geographical area of the state designated by the Division of Elementary and Secondary Education as having a critical shortage of teachers.
(b) The Division of Higher Education shall make awards under this subchapter as follows:
(1) First, to applicants who agree to the provisions of this section; and
(2) Then to applicants eligible under § 6-85-106(b).
(c) Forgivable loans awarded under this section shall be paid from appropriations to the program.
Structure Arkansas Code
Subtitle 6 - Postsecondary Education — Financial Assistance Programs
Chapter 85 - Arkansas Academic Challenge Scholarship Program
Subchapter 1 - Arkansas Academic Challenge Scholarship Program — Part 1
§ 6-85-101. Legislative findings and declarations of public necessity
§ 6-85-103. Applicability — Expiration
§ 6-85-105. Authority of Division of Higher Education
§ 6-85-108. Nursing school eligibility
§ 6-85-109. Priority for teaching commitment