Section 188-D:12 Loan Incentives. - New Hampshire Statutes

The postsecondary education commission shall pay eligible lenders under the New Hampshire Higher Education Assistance Foundation's Higher Education Loan Program (HELP) a 5 percent incentive for loans made to residents of the state in a given year on that amount loaned which exceeds the average of such loans made in the 3 previous years, within the limits of available funds and under rules and regulations established by the postsecondary education commission. From funds appropriated for the New Hampshire incentive program, the postsecondary education commission shall pay to the New Hampshire Higher Education Assistance Foundation a sum necessary to increase its loan guarantee capacity in keeping with the incentive provided by this subdivision and according to schedules established by the postsecondary education commission.

Source. 1976, 27:2, eff. May 25, 1976.