397.0615 - Support fee to be provided to chosen student; percentage of fee to be repaid. - Nevada Statutes

397.0615  Support fee to be provided to chosen student; percentage of fee to be repaid.  Financial support provided to a student who is chosen by the three Nevada State Commissioners to receive such support from the Western Interstate Commission for Higher Education must be provided in the form of a support fee. Except as otherwise provided in NRS 397.0617, 25 percent of the support fee is a loan that the student must repay with interest pursuant to NRS 397.063 or 397.064, as appropriate. Seventy-five percent of the support fee is a stipend that the student is not required to repay, except as otherwise provided in NRS 397.0653.

      (Added to NRS by 1995, 355; A 1997, 946; 2003, 939)