17-90-111. Loans to optometry students.

Arkansas Code — all titles (historical 2020) · legal_authorities

17-90-111. Loans to optometry students.

17-90-111. Loans to optometry students. (a) The Division of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student: (1) Who is bona fide resident of the state; (2) Who is enrolled in an optometry professional program outside the state; and (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds. (b) A loan authorized by this section: (1) Shall not exceed five thousand dollars ($5,000) annually; (2) Shall be made: (A) On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%); (3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas; (4) May be deferred, but for no longer than five (5) years, for the following reasons: (A) Military service; (B) Special training; or (C) Extraordinary circumstances as determined by the division; and (5) Shall be in addition to Southern Regional Education Board grant funds.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-90-111

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.