Haw. Code R. § 20-25-8
Current through September, 2024
The Hawaii educator loan program special fund is a revolving fund administered by the board. The fund shall be allocated among the campuses using a formula based on the number of teacher education graduates in the previous fiscal year. The following may be deposited into the special fund: appropriations made by the legislature, private contributions, repayment of loans, including interest and payments received on account of principal, and moneys from other sources. All payments collected, exclusive of the collection agency's commissions, shall revert and be credited to the fund. The fund shall be disbursed to students in accordance with the guidelines established in this chapter."
Haw. Code R. § 20-25-8