Michigan Administrative Code (Last Updated: November 16, 2016) |
Department TY. Treasury |
Student Financial Services Bureau |
Chapter Differential Grant Program |
Section 390.1660. Loan default; basis for grant denial; exception.
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A grant shall be denied if an applicant has defaulted on a loan guaranteed by the authority. Exception may be made if a defaulted borrower has made satisfactory repayment arrangements on the defaulted amount of the loan as determined by the authority.
History: 1985 AACS.