Section 340.396

Title XXII OCCUPATIONS AND PROFESSIONS

Chapter 340

Effective - 28 Aug 2007, 3 histories, see footnote   (history) 

  340.396.  Repayment to begin, when — deposit of repaid loan moneys. — The financial assistance recipient shall repay the financial assistance principal and interest beginning not more than one year after completion of the degree for which the financial assistance was made in accordance with the repayment contract. If an eligible student ceases his or her study prior to successful completion of a degree or graduation from the college, interest at the rate specified in section 340.393 shall be charged on the amount of financial assistance received from the state under the provisions of sections 340.375 to 340.405, and repayment, in accordance with the repayment contract, shall begin within ninety days of the date the financial aid recipient ceased to be an eligible student. All funds repaid by recipients of financial assistance to the department shall be deposited in the veterinary student loan payment fund for use pursuant to sections 340.375 to 340.405.

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(L. 2007 S.B. 320)

Expires 6-30-13