Michigan Administrative Code (Last Updated: November 16, 2016) |
Department TY. Treasury |
Student Financial Services Bureau |
Chapter Michigan Alternative Student Loan Program |
Section 390.1635. Total and permanent disability of student; effect.
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(1) If a student is determined to be totally and permanently disabled, then the remaining loan balance shall be canceled.
(2) The student or another party shall provide documentation of the total and permanent disability which is satisfactory to the authority.
(3) A student is not considered totally and permanently disabled on the basis of a condition that existed before he or she applied for the loan, unless the student's condition has substantially deteriorated since submission of the loan application so as to render the student totally and permanently disabled.
(4) The authority shall cease collection on a loan after the authority determines that the student is totally and permanently disabled.
(5) Payments paid after the date the student became totally and permanently disabled shall be returned to the sender.
History: 1990 AACS; 1998-2000 AACS.