Or. Admin. R. 575-050-0025 - Disbursements
(1) The loan amount
for an academic year shall be divided into equal disbursements to correspond
with the number of terms for which the loan is granted, except as may be
dictated by individual circumstances and approved by the Commission and the
Division.
(2) All disbursements
will be by state check drawn by the Division payable to the student to be
dispersed by the Institution not more than ten days prior to the commencement
of the term for which drawn.
Notes
Stat. Auth.: ORS 348
Stats. Implemented: ORS 348.040 - 348.095
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