The Utah Engineering and Computer Science Loan Forgiveness Program (UECLP) began in 2001 as part of the Engineering and Computer Science Initiative created by the Legislature and Governor. The program provides qualified engineering and computer science students with a certificate of forgiveness which guarantees that upon completion of the requirements for loan forgiveness, the recipient will receive a direct credit for reduction of outstanding principal balances of the recipient's outstanding Stafford and Perkins loans.
During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $38,400 from all sources for Engineering Loan Repayment. This is a 0 percent change from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $38,400 from the General/Education Funds, a change of 0 percent from revised Fiscal Year 2015 estimates.
In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:
COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.