Section 36-9-80 - Restrictions on distributions from education assistance program. - South Dakota Statutes

36-9-80. Restrictions on distributions from education assistance program. Distributions from the nurses' education assistance loan program are subject to the following:
(1) The amount of each loan shall be determined annually by the South Dakota Board of Nursing but may not exceed the sum of one thousand dollars per full academic year;
(2) Funds on loan from this program shall be disbursed on an annual basis and shall be disbursed to the institution which the applicant attends and not directly to the loan recipient. The institution may only credit nurses' education assistance loan program funds to the payment of tuition, books, fees, and other direct educational expenses. Room and board may not be considered a direct educational expense.

Source: SL 1989, ch 325, § 5.