Section 13.05. Application process.

Latest version.

(1) A borrower seeking a loan shall contact MTEC.

(2) MTEC shall determine the borrower's cost of education within the requirements set by the board. MTEC shall decide if the borrower shall receive a loan under this program.

(3) MTEC shall notify the board of the loan amount for the borrower. The board shall issue a check for the borrower's loan after the borrower's signed agreement form has been received by the board.

(4) All borrower's contact concerning forgiveness and repayment shall be with the board. After leaving MTEC the borrower shall maintain written annual contact with the board until the loan is either forgiven or repaid. The borrower shall forward all name, address, and telephone number changes to the board.

History: CR 01-078 : Cr. Register January 2002 No. 553 , eff. 2-1-02.

                    
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