{"data":{"id":"us-ar/ark.-code-ann.-17-90-111","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 17-90-111","heading":"Loans to optometry students","body":"(a) The Division of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student: (1) Who is bona fide resident of the state; (2) Who is enrolled in an optometry professional program outside the state; and (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds. (b) A loan authorized by this section: (1) Shall not exceed five thousand dollars ($5,000) annually; (2) Shall be made: (A) On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%); (3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas; (4) May be deferred, but for no longer than five (5) years, for the following reasons: (A) Military service; (B) Special training; or (C) Extraordinary circumstances as determined by the division; and (5) Shall be in addition to Southern Regional Education Board grant funds. Amended by Act 2019, No. 910,§ 2248, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2247, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 2246, eff. 7/1/2019. Acts 2007, No. 488, § 1.\n\n(a) The Division of Higher Education shall provide a loan from the Higher Education Grants Fund Account that is in excess of the Southern Regional Education Board grant funds to any optometry student: (1) Who is bona fide resident of the state; (2) Who is enrolled in an optometry professional program outside the state; and (3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds.\n\n(1) Who is bona fide resident of the state;\n\n(2) Who is enrolled in an optometry professional program outside the state; and\n\n(3) For whom any part of the out-of-state tuition is paid by the State of Arkansas through the Southern Regional Education Board grant funds.\n\n(b) A loan authorized by this section: (1) Shall not exceed five thousand dollars ($5,000) annually; (2) Shall be made: (A) On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%); (3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas; (4) May be deferred, but for no longer than five (5) years, for the following reasons: (A) Military service; (B) Special training; or (C) Extraordinary circumstances as determined by the division; and (5) Shall be in addition to Southern Regional Education Board grant funds.\n\n(1) Shall not exceed five thousand dollars ($5,000) annually;\n\n(2) Shall be made: (A) On an annual basis not to exceed the combined total of four (4) years; and (B) At a rate of interest determined by the division, but not to exceed four percent (4%);\n\n(A) On an annual basis not to exceed the combined total of four (4) years; and\n\n(B) At a rate of interest determined by the division, but not to exceed four percent (4%);\n\n(3) May be forgiven at the rate of one (1) year's loan for one (1) year's practice in Arkansas;\n\n(4) May be deferred, but for no longer than five (5) years, for the following reasons: (A) Military service; (B) Special training; or (C) Extraordinary circumstances as determined by the division; and\n\n(A) Military service;\n\n(B) Special training; or\n\n(C) Extraordinary circumstances as determined by the division; and\n\n(5) Shall be in addition to Southern Regional Education Board grant funds.","path":["AR Code","Title 17","Chapter 90","Subchapter 1"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"646ed232754275eb655e4197fc16b5d17c34a1737585cd1b40a8476cc8815987","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-17-90-110","next":"us-ar/ark.-code-ann.-17-90-201"},"notice":"GroundRules: Original legal text. Not legal advice."}