W. Va. Code R. § 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.
Notes
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