- (a) The division will grant loans, based upon funds available, until the funds are exhausted, to eligible borrowers according to information submitted on the Free Application for Federal Student Aid.
(b)
- (1) The amount of the loan for recipients attending an approved dental program for the academic year may not exceed the amount of nonresident tuition paid by the eligible borrower to the participating institution which exceeds the sum of the resident tuition and the regional contract program’s fee-for-service for dentistry, as determined by the Board of Control for Southern Regional Education.
- (2) The amount of the loan for recipients attending an approved optometry program the academic year may not exceed five thousand dollars ($5,000) annually.
- (c) The loans shall be made on an annual basis.
- (d) No loans to the eligible borrower shall exceed the combined total of four (4) loans for four (4) academic years.
- (e) The loans shall be in addition to Southern Regional Education grant funds.
- (f) The division shall have no obligation to make any loans except to the extent funds are available for the program.