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2014 New Jersey Revised Statutes
Title 18A - EDUCATION
Section 18A:71C-26 - Accrual of interest; payment.

NJ Rev Stat § 18A:71C-26 (2014) What's This?

18A:71C-26 Accrual of interest; payment.

18A:71C-26. Accrual of Interest; Payment.

Interest on each NJCLASS Loan Program loan shall accrue from the date of the making of the loan; however, the payment of the principal or the interest or both may be deferred until a time or times determined by the authority. The rate of interest on each loan shall be determined by the authority.

L.1999,c.46,s.1.


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