- A. The maximum amount an eligible student may borrow under this program for an academic year of two (2) semesters of three (3) quarters, or the equivalent, is $5,000.
- B. A loan may not exceed the cost of education less any financial aid awarded to the student.
- C. The aggregate outstanding indebtedness for any student who has not completed an undergraduate program of education may not exceed $25,000. The aggregate outstanding indebtedness for graduate study, to include all undergraduate loans, may not exceed $35,000.
HISTORY: Added by State Register Volume 16, Issue No. 3, eff March 27, 1992.