Section 397.050 - Petition for extension for repayment of loan or stipend because of hardship1. To apply for an extension of the period for the repayment of a stipend that is converted to a loan pursuant to NRS 397.0645, a participant must submit a petition to the Commission in writing not later than 120 days after the date on which default on the repayment occurs. The petition must contain the reasons and any supporting documentation for requesting the extension.2. The Commission will grant an extension for good cause, including, without limitation:(b) Service in the Peace Corps or the AmeriCorps VISTA program;(c) Participation in the National Health Service Corps Scholarship Program;(d) Continuation of education in the petitioner's field of study or specialization;(e) Interruption of study due to financial hardship;(g) Failure to fulfill any professional licensing requirement; or(h) Any other circumstance deemed appropriate by the Commission.3. If the Commission denies a petition submitted pursuant to this section, the petitioner may appeal to the Commission by submitting a request for an appeal in writing not later than 10 days after his or her receipt of the notice of denial.Nev. Admin. Code § 397.050
Added to NAC by Interstate Comm'n for Higher Education by R047-14, eff. 12/22/2014; A by R188-22A, eff. 1/5/2024NRS 397.020, 397.030, 397.040, 397.0645