State Codes and Statutes

Statutes > Connecticut > Title10a > Chap186 > Sec10a-170k

      Sec. 10a-170k. Loan deferments. Loan forgiveness upon death or disability of loan recipient. (a) The Commissioner of Higher Education may grant annual loan deferments to a loan recipient when the recipient is teaching on a full-time basis in a Connecticut public elementary or secondary school or nonpublic elementary or secondary school approved by the State Board of Education or when it is determined by the commissioner that loan repayment would present an unjust hardship to the recipient. Interest charges shall not accrue to the recipient during deferment periods approved by the commissioner. The commissioner may forgive loans if the commissioner determines that such action is required due to the death or disability of the loan recipient or because the loan is uncollectible in accordance with generally accepted accounting principles.

      (b) A recipient meeting the forgiveness or deferment provisions of this section shall submit an application for loan forgiveness or deferment to the Commissioner of Higher Education. An application for loan forgiveness shall be received by the commissioner within one year of the last day the recipient ceases full-time student status. Requests for loan deferments must be submitted prior to the period for which a deferment is requested. A recipient shall have not more than six years excluding deferment periods in which to repay loans provided under sections 10a-170e to 10a-170m, inclusive, except that when it is determined by the commissioner that loan repayment would present an unjust hardship to the recipient, a recipient shall have up to eight years in which to repay such loans.

      (c) The Commissioner of Higher Education may designate a staff member or employee to perform the duties imposed under this section.

      (P.A. 84-513, S. 7, 10; May Sp. Sess. P.A. 86-1, S. 43, 58; P.A. 90-147, S. 15, 20; P.A. 93-201, S. 21, 24.)

      History: May Sp. Sess. P.A. 86-1 substituted "the commissioner" for "he" in Subsec. (a) and added Subsec. (c) re commissioner designating a person to perform the duties imposed under the section; P.A. 90-147 in Subsec. (b) provided that an application for loan forgiveness be received by the commissioner of higher education within one year of recipient ceasing full-time student status and provided an eight-year repayment period when it is determined that repayment would present an unjust hardship; P.A. 93-201 amended Subsec. (a) to add the provision on uncollectible loans, effective July 1, 1993.