Sec. 8. The commission may collect an insurance premium of not more than one percent (1%) per annum of the principal amount of the loan. The premium must be calculated in accordance with federal regulations. [Pre-2007 Higher Education Recodification Citation: 20-12-21.1-2(11).] As added by P.L.2-2007, SEC.257.
Collection of insurance premium
Ind. Code § 21-16-4-8, under Chapter 4. Guaranteed Student Loan Program.
Ind. Code § 21-16-4-8