The due date of each annual payment shall be January 1. The first loan payment is due January 1 of the year following students graduation from Optometry School or completion of residency program, whichever comes last. Loan payments can be made monthly, quarterly, semi-annually or annually but will be considered late if paid after December 31. It is the loan recipient's responsibility to provide the Board’s Executive Secretary with their loan payment plan including current cell and/or phone number, email address, practice address and home address. Exceptions may be made if extenuating circumstances exist.

Author: Board of Optometric Scholarship and Loan Awards

Statutory Authority: Code of Ala. 1975, §§34-22-60, et seq.

History: Filed September 7, 1984. Amended: Published June 30, 2025; effective August 14, 2025.