---
title: O.C.G.A. § 20-3-405.4. Conversion to interest free loans.
collection: code
id: 20-3-405.4
cite_as: O.C.G.A. § 20-3-405.4 (2025)
canonical_url: https://georgiacommons.org/code/20-3-405.4
md_url: https://georgiacommons.org/code/20-3-405.4.md
text_url: https://georgiacommons.org/code/20-3-405.4/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=267
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / SCHOLARSHIPS, LOANS, AND GRANTS / GEORGIA STUDENT FINANCE AUTHORITY / Education for Public Service Student Loan
---

# O.C.G.A. § 20-3-405.4. Conversion to interest free loans.

When a student meets the requirements for conversion of one or more EPS loans to a 1 percent rate or to an interest-free loan or loans, the student may elect to waive the conversion of the EPS loan or loans for that degree and apply all or part of the student’s years of completed public service to one or more EPS loans for a subsequent degree, without regard to whether such EPS loan or loans for a subsequent degree exist at the time of the student’s election. In any event, each year of completed public service may be applied only to a single degree and the student is not authorized to change an election after notifying the authority in writing of his or her election.

## History

Code 1981, § 20-3-405.4, enacted by Ga. L. 2008, p. 626, § 4/SB 169.