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NRS 397.0615 - Support fee to be provided to chosen applicant; percentage of fee to be repaid.

NV Rev Stat § 397.0615 (2019) (N/A)
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Financial support provided to an applicant who is chosen by the three Nevada State Commissioners to receive such support from the Western Interstate Commission for Higher Education must be provided in the form of a support fee. Except as otherwise provided in NRS 397.0617, 25 percent of the support fee is a loan that the recipient must repay with interest pursuant to NRS 397.063 or 397.064, as appropriate. Seventy-five percent of the support fee is a stipend that the recipient is not required to repay, except as otherwise provided in NRS 397.0653.

(Added to NRS by 1995, 355; A 1997, 946; 2003, 939; 2015, 1507)

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NRS 397.060 - Choice and certification of applicants; reciprocity agreements authorizing out-of-state institutions to provide distance education to residents of Nevada.
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NRS 397.0617 - Condition to receipt of support fee: Requirement that certain participants practice profession in health professional shortage area, medically underserved area or to benefit medically underserved population; waiver of stipend for compliance with condition; assessment of default charge or conversion of stipend to loan for noncompliance.