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Article 16. Federal Family Education Loan Program. Insurance Premium Rate and the Fiscal Soundness of the Reserve Fund.   

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The insurance premium rate shall be reviewed annually by the Loan Study Council, or its successor, and a recommendation shall be made to the California Student Aid Commission for consideration in resetting the insurance premium rate. The Loan Study Council, or its successor, shall review the revenue and expenditure forecasts of the Federal Family Education Loan program administered by the California Student Aid Commission and make recommendations to the Commission related to the fiscal soundness of the reserve fund.

Authority cited:

Education Code 69763

Reference:

Education Code 69761.5

Education Code 69769.5

(Added by Register 97, No. 29.)