N.M. Admin. Code § 5.7.32.12

Current through Register Vol. 35, No. 23, December 10, 2024

Section 5.7.32.12 - LOANS

Loans can be made to students to defray expenses incurred while obtaining eligible degree under the following conditions and limitations:

A. The amount may not exceed $7,500 per academic year. The department may set lower maximum award amounts based on the level of degree being obtained and other considerations.

B. Upon approval of the loan, a contract shall be drawn between the student and the department and signed by the student (for additional contract details see 5.7.32.14 NMAC).

N.M. Admin. Code § 5.7.32.12

5.7.32.12 NMAC - N, 1/15/2008

Amended by New Mexico Register, Volume XXVI, Issue 13, July 15, 2015, eff. 7/15/2015