Mich. Admin. Code R. 390.913

Current through Vol. 24-19, November 1, 2024

Section R. 390.913 - Interest rate for scholarship repayment

Rule 13. If a scholarship recipient is determined to be in noncompliance with the program agreement and required to repay the scholarship award received, the interest rate charged by the authority shall be a fixed rate of 4%.

2004 AACS