The provisions of this subsection shall be subject to funding.
(e.1) The annual interest rate for any GOT Student Loan shall be converted to 1 percent retroactive to the origination date of the GOT Student Loan for any student that has met the applicable eligibility requirements to receive a HOPE scholarship under Code Section 20-3-519.2 or a HOPE grant under Code Section 20-3-519.5 as follows:
History. Code 1981, § 20-3-400.2 , enacted by Ga. L. 2008, p. 626, § 3/SB 169; Ga. L. 2011, p. 1, § 9.1/HB 326.
Editor’s notes.
Ga. L. 2011, p. 1, § 17/HB 326, not codified by the General Assembly, provides, in part, that the 2011 amendment shall be applicable to postsecondary students beginning in the fall of 2011.
Structure Georgia Code
Chapter 3 - Postsecondary Education
Article 7 - Scholarships, Loans, and Grants
Part 3 - Georgia Student Finance Authority
Subpart 4B - Graduate on Time Student Loans
§ 20-3-400.2. Eligibility; Repayment Period; Maximum Amount; Interest Rate; Requirements
§ 20-3-400.3. Recalculation of Interest Rate
§ 20-3-400.4. Separate Fund for Loans; Fees