Loan equalization fee definition
Loan equalization fee means an additional amount charged to a recipient who fails to complete the required teaching service. This fee is added in order to make the cost of the program similar to the cost incurred by recipients bor- rowing from the primary federal student loan program for undergraduate students. This fee shall be determined annu- ally by the board.
Loan equalization fee means an additional amount charged to a recipient who fails to complete the required teaching service. This fee is added in order to make the cost of the program similar to