(a) An application deadline will be established each year and published on the Coordinating Board's website.(b) If there are not sufficient funds to offer loan repayment assistance to all eligible applicants, applications shall be ranked by the following criteria, in order of priority:(1) Renewal applications, unless a break in service periods has occurred;(2) Teaching in a shortage teaching field while also teaching in a shortage community, prioritizing the communities based on the highest degree of shortage;(3) Teaching any subject in a shortage community, prioritizing the communities based on the highest degree of shortage;(4) Teaching in a shortage teaching field in a non-shortage community; and(5) Financial need based on the applicant's adjusted gross income as reported on the most recently filed federal income tax return.