A student borrower shall, at the option of the Agency, pay to the lender, at the time the student borrower obtains the loan, a loan insurance premium calculated as a percentage of the loan guaranty amount. The percentage used may not exceed the rate mandated by Federal law and regulations.
22 Pa. Code § 121.64
The provisions of this §121.64 amended under section 4 of the act of August 7, 1963 (P. L. 549, No. 290) (24 P. S. § 5104).