§ 535.53 - What is the rule regarding interest?

Latest Version
Updated Versions
- Tuesday, November 1, 2011
- Wednesday, January 1, 1997
Related Notices
- 96-15517. Final Regulations. 96-15517. Bilingual Education: Graduate Fellowship Program
- 95-27744. Notice of proposed rulemaking. 95-27744. Bilingual Education: Graduate Fellowship Program

Latest version.

(a) In accordance with 31 U.S.C. 3717, the Secretary charges a fellowship recipient interest on the unpaid balance that the fellowship recipient owes.
(b) No interest is charged for the period of time—
(1) That precedes the date on which the fellowship recipient is required to begin repayment; or
(2) During which repayment has been deferred under §535.54.

(Authority: 20 U.S.C. 7475(b))

                    
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