Kansas Administrative Regulations
Agency 110 - KANSAS DEPARTMENT OF COMMERCE
Article 22 - STUDENT LOAN REPAYMENT PROGRAM
Section 110-22-6 - Repayment of outstanding student loan balance
Universal Citation: KS Admin Regs 110-22-6
Current through Register Vol. 43, No. 52, December 26, 2024
(a) Each participating county shall transmit funds to the department for repayment of the student loan within 30 calendar days after the end of each calendar year. Each participating county and each eligible participant shall be notified by the department of receipt of the funds.
(b) The following shall be performed by the department:
(1) Transmission
of the state funds and participating county funds to the lending institution
for repayment of each eligible participant's student loan;
(2) payment to the lending institution of the
student loan repayment funds, which shall be within 30 calendar days of receipt
of funds from the participating county; and
(3) notification to each participating county
and eligible participant of the transmitted student loan payment.
(c) Repayment of student loan funds may be made directly to the eligible participant if both of the following conditions are met:
(1) The student loan has
been paid in full during the preceding 12 months.
(2) The eligible participant has no other
student loan debt.
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