W. Va. Code R. § 133-28-10

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 133-28-10 - Deferment Provisions

10.1 In addition to the deferment conditions established in W. Va. Code § 18C-6-5, a recipient may be eligible for deferment of the repayment obligation based on extenuating circumstances, including disability, unemployment, or other economic hardship; Provided, That any such deferment granted by the Vice Chancellor shall be limited to no more than two years. The recipient's request for deferment shall be accompanied by documentation of the extenuating circumstance sufficient to show the nature and extent of the circumstance.

10.1.1. If the Vice Chancellor approves the deferment request, the recipient may defer making scheduled installment payments and shall not be liable for any interest that might otherwise accrue during the approved deferment period.

10.1.2. In the event of noncompliance with the deferment terms, the recipient shall repay the full scholarship award to the Higher Education Policy Commission within 60 days from the date of noncompliance.

W. Va. Code R. § 133-28-10