Current through Register Vol. 48, No. 34, August 23, 2024
Section 62-520 - Loan MaximumsA. The maximum amount an eligible student may borrow under this program for an academic year of two (2) semesters of three (3) quarters, or the equivalent, is $5,000.B. A loan may not exceed the cost of education less any financial aid awarded to the student.C. The aggregate outstanding indebtedness for any student who has not completed an undergraduate program of education may not exceed $25,000. The aggregate outstanding indebtedness for graduate study, to include all undergraduate loans, may not exceed $35,000.Added by State Register Volume 16, Issue No. 3, eff March 27, 1992.