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N.J. Stat. § 18A:71C-26

Accrual of interest; payment

New Jersey · New Jersey Statutes Title 18A — Education · Status: effective

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N.J. Stat. § 18A:71C-26, Accrual of interest; payment, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1450488
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18A:71C-26. Accrual of Interest; Payment. Interest on each NJCLASS Loan Program loan shall accrue from the date of the making of the loan; however, the payment of the principal or the interest or both may be deferred until a time or times determined by the authority. The rate of interest on each loan shall be determined by the authority.