State Codes and Statutes
Statutes > Missouri > T22 > C335 > 335_233Schedule for repayment of loan--interest, amount.
335.233. The department shall establish schedules for repayment ofthe principal and interest on any financial assistance made under theprovisions of sections 335.212 to 335.242. Interest at the rate of nineand one-half percent per annum shall be charged on all financial assistancemade under the provisions of sections 335.212 to 335.242, but the interestand principal of the total financial assistance granted to a qualifiedapplicant at the time of the successful completion of a nursing degree,diploma program or a practical nursing program shall be forgiven throughqualified employment.
(L. 1990 H.B. 1429 § 12, A.L. 2006 H.B. 1234 merged with S.B. 980)
