The state, the governing boards and the state Board of Investments are not liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible student. Any delay in payment or default on the part of an eligible student does not in any manner affect the deposit agreement between the eligible lending institution and the state Board of Investments.
Structure West Virginia Code
Article 22D. Higher Education Student Assistance Loan Program
§18-22D-1. Legislative Purpose
§18-22D-4. Limitations on Investment in Linked Deposits
§18-22D-5. Applications for Loans; Loan Package
§18-22D-6. Acceptance or Rejection of Loan Package; Deposit Agreement
§18-22D-7. Rate of Loan; Repayment
§18-22D-8. Certification and Monitoring of Compliance; Reports