28B.97.010 - Washington higher education loan program. - Washington Statutes

Washington higher education loan program.

(1) The Washington higher education loan program is created. The program is created to assist students in need of additional low-cost student loans and related loan benefits.

     (2) The program shall be administered by the board. In administering the program, the board must:

     (a) Periodically assess the needs and target the benefits to selected students;

     (b) Devise a program to address the following issues related to loans:

     (i) Issuance of low-interest educational loans;

     (ii) Determining loan repayment obligations and options;

     (iii) Borrowing educational loans at low interest rates;

     (iv) Developing conditional loans that can be forgiven in exchange for service; and

     (v) Creating an emergency loan fund to help students until other state and federal long-term financing can be secured;

     (c) Accept public and private contributions;

     (d) Publicize the program; and

     (e) Work with public and private colleges and universities, the state board for community and technical colleges, the workforce training and education coordinating board, and with students, to conduct periodic assessment of program needs. The board may also consult with other groups and individuals as needed.

[2009 c 215 § 13.]

Notes: Findings -- Intent -- Effective date -- 2009 c 215: See notes following RCW 28B.92.030.