Current through September, 2024
Section 20-8-5 - Amount of loan(a) The board and its authorized designees shall determine the amount of the loan, but the aggregate loan amount for each student shall not exceed those amounts established for the Federal Perkins Loan Program authorized under Title IV, Part E, of the Higher Education Act of 1965, as amended. If the Federal Perkins Loan Program has ended, then the aggregate loan amount for each student shall not exceed those amounts established by the university.(b) The amount of the loan and the installment payments may be reported to at least one national credit bureau, along with other relevant information.[Eff 3/12/84; am and comp 5/9/98; comp DEC 19 2002] (Auth: HRS §§ 304-4, 304-91, 304-95) (Imp: HRS §§ 304-91, 304-92, 304-95)[Am and Comp3/18/2018] (Auth: HRS §§304A-104, 304A-604, 304A-2160) (Imp: HRS §§ 304A-604, 304A-2160)