Section HEA 11.05 - Loan forms and application process(1) A student seeking a loan shall contact the institutional financial aid office.(2) The institutional financial aid office shall determine the borrower's cost of education within the requirements set by the board. The institutional financial aid office shall decide if the borrower shall receive a loan under this program.(3) The institutional financial aid office shall notify the board of the loan amount for the borrower. The board shall voucher a check for the borrower's loan after the borrower's signed agreement form has been received by the board. The agreement form shall set forth the terms of the loan; the terms of forgiveness; the terms of repayment; and the borrower's rights and responsibilities.(4) All borrower contact concerning forgiveness and repayment shall be with the board. After leaving school the borrower shall maintain contact with the board until the loan is either forgiven or repaid. The borrower is required to forward all name, address and telephone number changes to the board.Wis. Admin. Code Higher Educational Aids Board HEA 11.05
Cr. Register, April, 1992, No. 436, eff. 5-1-92.