Rule 390.1433

Mich. Admin. Code R. 390.1433

Loan amounts.

(By authority conferred on the higher education assistance authority by section 5 of Act No. 77 of the Public Acts of 1960, being S390.955 of the Michigan Compiled Laws)Student Financial Services Board

(1) The annual loan limit, exclusive of interest, shall not be more than that set forth in the act.
(2) The aggregate insured unpaid principal of all loans shall not be more than the aggregate limit as set forth in the act.

History: 1979 AC; 1984 AACS; 1990 AACS.