Tenn. Comp. R. & Regs. 1640-01-03-.08 - DEFERMENT

(1) Repayment shall be deferred, but interest shall continue to accrue, while the recipient is employed in a Tennessee nursing education program in a teaching or administrative capacity.

(2) Repayment shall be deferred, but interest shall continue to accrue, while the student is seeking the post-master's degree after first receiving the loan to obtain their master's degree.

(3) Repayment shall be deferred if the recipient is unable to make payments due to financial, medical, or personal circumstances beyond the recipient's control, or other extenuating circumstances approved by the Associate Executive Director for Grant and Scholarship Programs. Such period of hardship shall not exceed two (2) years.

(4) For repayment to be deferred, recipients shall provide employment verification as required by TSAC.

Notes

Tenn. Comp. R. & Regs. 1640-01-03-.08

Original rule filed January 23, 1976; effective April 15, 1976. Amendment filed March 18, 1977; effective April 18, 1977. Repeal and new rule filed as a public necessity rule on December 11, 2006; effective through May 25, 2007. Original rule filed December 11, 2006; effective April 30, 2007. Repeal and new rule filed March 1, 2013; effective August 29, 2013.

Authority: T.C.A. §§ 49-4-201, 49-4-203, 49-4-204, and 49-4-702.