Arkansas § 17-90-111 Loans to optometry students

Arkansas Statutes

§ 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)

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Arkansas § 17-90-111 (Loans to optometry students) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Act 2019, No. 910,§ 2248, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2247, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2246, eff. 7/1/2019. Acts 2007, No. 488, § 1.