CFR > Title 7 - Agriculture > SUBTITLE B—Regulations of the Department of Agriculture > CHAPTER VII—FARM SERVICE AGENCY, DEPARTMENT OF AGRICULTURE (parts 700 to 799) > SUBCHAPTER D—SPECIAL PROGRAMS (parts 750 to 786) > PART 764—DIRECT LOAN MAKING > SUBPART H—Youth Loan Program (§764.301 to §764.306-764.350) > 764.302—Eligibility requirements.

764.302—Eligibility requirements.

The applicant:
(a) Must comply with the general eligibility requirements established at § 764.101(a) through (g);
(b) And anyone who will sign the promissory note, must not have received debt forgiveness from the Agency on any direct or guaranteed loan;
(c) Must be at least 10 but not yet 21 years of age at the time the loan is closed;
(d) Must reside in a rural area, city or town with a population of 50,000 or fewer people;
(e) Must be recommended and continuously supervised by a project advisor, such as a 4-H Club advisor, a vocational teacher, a county extension agent, or other agriculture-related organizational sponsor; and
(f) Must obtain a written recommendation and consent from a parent or guardian if the applicant has not reached the age of majority under state law.