Arkansas § 6-81-1703 - Loan amounts — Term — Renewal.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-81-1703 — Loan amounts — Term — Renewal., with citation guidance and answers to common questions.
§ 6-81-1703. Loan amounts — Term — Renewal.
The loan amounts under this subchapter shall be the lesser of: Five thousand dollars ($5,000) per academic year; or The total cost of attendance for an academic year at the institution of higher education in which the individual is enrolled less any other scholarships or grants received by the individual for that academic year. The total amount of loans awarded to an individual under this subchapter shall not exceed ten thousand dollars ($10,000). A loan made to an individual under this subchapter shall be: For one (1) academic year; and Renewable annually until the individual graduates from the institution of higher education and receives a degree, if the individual: Continues to meet the eligibility requirements under § 6-81-1702; and Meets the satisfactory academic progress standards required to receive other financial aid at the institution of higher education where the individual is enrolled, as determined by the Division of Higher Education in conjunction with the institution of higher education.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-81-1703
What does Arkansas Code of 1987 Annotated § 6-81-1703 cover?
Section 6-81-1703 ("Loan amounts — Term — Renewal.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 6-81-1703?
A common citation format is "Arkansas Code of 1987 Annotated § 6-81-1703" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 6-81-1703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.