§ 20-3-395.1. Eligibility; Interest Rate; Repayment; Maximum Amount
The authority is authorized to provide direct loans to students who are legal residents of this state and who are not ineligible under Code Section 20-3-395.4 in accordance with the provisions of this subpart and regulations of the authority promulgated to implement this subpart. The interest rate for loans provided in accordance with this subpart […]
§ 20-3-395.2. Separate Fund for Loans; Fees
The authority shall establish and maintain a separate fund for loans in accordance with this subpart to which shall be credited: State funds appropriated for use for loans under this subpart; Moneys received by gift, donation, or otherwise for loans under this subpart; Outstanding educational loans held by the authority under this subpart; and Principal […]
§ 20-3-395.3. Repayment Schedule; Default; Service Cancelable
The authority shall by rule and regulation establish a repayment schedule or schedules for loans made under this subpart. Students shall be required to pay accrued interest annually on the loan or loans while attending a postsecondary institution except in cases of financial hardship. Students shall not be required to begin the repayment of the […]
§ 20-3-395.4. Ineligibility
A student is ineligible for any loan described in this subpart if the student: Is not a United States citizen or a permanent resident alien who meets the definition of an eligible noncitizen under federal Title IV requirements; Has not complied with United States Selective Service System requirements for registration, if such requirements are applicable […]
§ 20-3-395. Definitions
As used in this subpart, the term: “Cost of attendance” of a student means the cost of attendance calculated in accordance with Title IV. “Eligible high school” has the same meaning as provided in Code Section 20-3-519. “Eligible postsecondary institution” means: A unit of the University System of Georgia that offers associate or baccalaureate degrees; […]