Haw. Code R. § 20-8-9 - State higher education loan fund
The State Higher Education Loan Fund is a revolving fund administered by the President on behalf of the board.
All interest and payments received on account of principal in the loan fund shall be credited to the loan fund. All payments collected, exclusive of the collection agency's commissions, shall revert and be credited to the loan fund. The loan fund shall be disbursed to needy students in accordance with the guidelines established in this chapter.
Notes
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