Section 457-610-5 - LOANS TO STUDENTS PURSUING POST-BACCALAUREATE CERTIFICATIONA. Initial Loan Eligibility (1) The student must be a Maine resident.(2) The student must be enrolled in or have applied for enrollment in a post-baccalaureate course of study leading to initial certification as a teacher or speech pathologist or to attainment of child care provider qualifications.(3) The student's most recent cumulative grade point average must be at least 3.0.(4) The student must sign an agreement that details the conditions to be met for receipt of a loan.B. Renewal Loan Eligibility (1) The student must have received an initial loan.(2) The student must submit a completed renewal application annually for a loan on or before the deadline date.(3) The student must maintain at a minimum a 2.5 grade point average based on a 4.0 grade point system, or the equivalent thereof as determined in the discretion of the chief executive officer. Should the GPA fall below 2.5, the student has one academic year to bring the GPA up to 2.5. If this requirement is not met the student will be ineligible for further program participation.(4) A student granted an approved leave of absence by the postsecondary institution may be eligible to renew the loan at the termination of the leave of absence provided that all other requirements of this section are met.(5) The student must sign an agreement that details conditions to be met for receipt of a loan.(6) The student must maintain residence in the State of Maine.C. Deferral. Acceptance of an initial award or renewal of a previous award may be deferred for one academic year only. If an individual approved for a loan fails to be duly enrolled in an institution of higher education, as defined by these rules, by the beginning of the second academic year which follows the student's initial loan award or renewal award the student shall be ineligible for further program participation.94- 457 C.M.R. ch. 610, § 5