Oregon Administrative Rules
Chapter 575 - HIGHER EDUCATION COORDINATING COMMISSION, OFFICE OF STUDENT ACCESS AND COMPLETION
Division 50 - MEDICAL-DENTAL STUDENT LOAN PROGRAM
Section 575-050-0042 - Interest for Undergraduate Nursing Student Borrowers
Universal Citation: OR Admin Rules 575-050-0042
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Borrowers shall pay such rate of interest as is negotiated between the Division of State Lands and the Higher Education Coordinating Commission, but in no event shall such rate of interest be less than seven percent.
(2) Annual interest shall be paid by the nursing student borrower within 30 days from the date interest is due and payable.
Stat. Auth.: ORS 348
Stats. Implemented: ORS 348.040 - 348.095
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