WSR 22-14-044
[Filed June 28, 2022, 4:21 p.m.]
Subject of Possible Rule Making: New WAC chapter to develop an additional student emergency loan that allows a student to amortize prior term debt over a longer period. This loan utilizes funds already in place within the emergency loan program.
Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 28B.15.820, 28B.35.120(12).
Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Rules are needed to establish parameters regarding loan terms such as loan qualification requirements, repayment periods, late fees and interest rates, and default criteria.
Process for Developing New Rule: Negotiated rule making.
Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Jennifer L. Sloan, 516 High Street, Mailstop 9044, Bellingham, WA 98225, phone 360-650-3117, TTY 711, email, website
June 27, 2022
Jennifer L. Sloan
Rules Coordinator