Sec. 10a-170s. Selection of academic scholarship graduate student loan recipients; maintenance of eligibility. Amount of loan awards.
Sec. 10a-170s. Selection of academic scholarship graduate student loan recipients; maintenance of eligibility. Amount of loan awards. Loan candidates for the
academic scholarship graduate student loan program shall make application to the Commissioner of Higher Education on such forms and at such time as prescribed by said
commissioner. Loan recipients shall be selected by the Commissioner of Higher Education, who shall consider affirmative action and equal opportunity goals when making
such selections. In the event the number of applicants is in excess of the number of loans
available, academic standing and financial need may be considered by the commissioner
in selecting loan recipients. Loans under this program shall be in an amount not greater
than five thousand dollars per year for one year for recipients attending independent
colleges and universities and not greater than three thousand dollars per year for one
year for recipients attending public colleges and universities. In order to maintain eligible
status under this loan program, each recipient shall continue to be enrolled full time in
an accredited college or university and shall demonstrate compliance with the academic
standards established by the Commissioner of Higher Education. No student shall receive the proceeds of a loan until he has submitted a letter from an accredited college
or university certifying the appropriate enrollment status pursuant to subsection (b) of
section 10a-170r.
(May Sp. Sess. P.A. 86-1, S. 36, 58.)