If a student ceases his study prior to receiving a degree, any scholarship received under the provisions of sections 161.415 to 161.424 shall be treated as a loan to the student and interest at the rate of nine and one-half percent per year shall be charged upon the unpaid balance of the amount received from the date the student ceases his study until the amount received is paid back to the state.
Mo. Rev. Stat. § 161.421
Cessation of study — effect
Known as the Drug-Free Schools Act
The act spans §§ 161–161 (104 sections).
Effective: 28 Aug 1990; (L. 1990 H.B. 1142 § 6)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.