To be eligible for assistance under MLARP Foster Care, an applicant:
A. Shall have received an undergraduate or graduate degree from an institution of higher education located within the State;
B. Shall be employed at least 20 hours per week by the State, or by a county or municipality of the State;
C. May not be in default on any higher education loan; and
D. Shall be a foster care recipient, as defined under Regulation .02 of this chapter.