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2017 Arkansas Code
Title 17 - Professions, Occupations, and Businesses
Subtitle 3 - Medical Professions
Chapter 90 - Optometrists
Subchapter 1 - General Provisions
§ 17-90-111. Loans to optometry students
Universal Citation: AR Code § 17-90-111 (2017)
- (a) The Department of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student:
- (1) Who is bona fide resident of the state;
- (2) Who is enrolled in an optometry professional program outside the state; and
- (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds.
- (b) A loan authorized by this section:
- (1) Shall not exceed five thousand dollars ($5,000) annually;
- (2) Shall be made:
- (A) On an annual basis not to exceed the combined total of four (4) years; and
- (B) At a rate of interest determined by the department, but not to exceed four percent (4%);
- (3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas;
- (4) May be deferred, but for no longer than five (5) years, for the following reasons:
- (A) Military service;
- (B) Special training; or
- (C) Extraordinary circumstances as determined by the department; and
- (5) Shall be in addition to Southern Regional Education Board grant funds.
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