175 chapters · 1,187 sections in this title.
20-A M.R.S. § 12924 Loan agreement; repayment
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A STEM student applying for a loan under section 12922 shall enter into an agreement with the authority that includes the following provisions. [PL 2015, c. 435, §1 (NEW).] 1. Principal; interest. Upon completion of postsecondary education, the STEM student shall repay the entire…
20-A M.R.S. § 12925 Default
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If a recipient of a loan under the program agrees to live and work in the State or be employed in the field of science, computer science, technology, engineering or mathematics and that recipient does not remain living and working in the State or does not remain employed in such …
20-A M.R.S. § 12926 Deferments
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The authority may grant deferments on the repayment of a loan under the program for causes established by rule. Interest at a rate to be determined by rule of the authority may be assessed during a deferment. The student's total debt to the authority, including principal and inte…
20-A M.R.S. § 12927 Administration; rules
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The authority shall administer the program and the fund. The authority shall adopt rules to carry out the purposes of this chapter. Rules adopted pursuant to this section are routine technical rules pursuant to Title 5, chapter 375, subchapter 2‑A.