34 C.F.R. § 535.53 What is the rule regarding interest?
Title 34 - Education
(a) In accordance with 31 U.S.C. 3717, the Secretary charges a fellowship recipient interest on the unpaid balance that the fellowship recipient owes. (b) No interest is charged for the period of time— (1) That precedes the date on which the fellowship recipient is required to begin repayment; or (2) During which repayment has been deferred under §535.54. (Authority: 20 U.S.C. 7475(b))
Title 34: Education
PART 535—BILINGUAL EDUCATION: GRADUATE FELLOWSHIP PROGRAM
Subpart F—What Conditions Must Be Met by Fellows?
§ 535.53 What is the rule regarding interest?
