Or. Admin. Code § 575-050-0042

Current through Register Vol. 64, No. 1, January 1, 2025
Section 575-050-0042 - Interest for Undergraduate Nursing Student Borrowers
(1) Borrowers shall pay such rate of interest as is negotiated between the Division of State Lands and the Higher Education Coordinating Commission, but in no event shall such rate of interest be less than seven percent.
(2) Annual interest shall be paid by the nursing student borrower within 30 days from the date interest is due and payable.

Or. Admin. Code § 575-050-0042

SSC 4-1983, f. & ef. 11-29-83; OSAC 1-2015, f. & cert. ef. 12/18/2015

Stat. Auth.: ORS 348

Stats. Implemented: ORS 348.040 - 348.095