---
title: O.C.G.A. § 20-3-372. State funded educational loan program authorized; powers of authority.
collection: code
id: 20-3-372
cite_as: O.C.G.A. § 20-3-372 (2025)
canonical_url: https://georgiacommons.org/code/20-3-372
md_url: https://georgiacommons.org/code/20-3-372.md
text_url: https://georgiacommons.org/code/20-3-372/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch3-18-(v17a)-2025-pdf.pdf?sfvrsn=10d12596_0#page=235
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/20-3.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: EDUCATION / POSTSECONDARY EDUCATION / SCHOLARSHIPS, LOANS, AND GRANTS / GEORGIA STUDENT FINANCE AUTHORITY / Educational Loans Financed by State Funds
---

# O.C.G.A. § 20-3-372. State funded educational loan program authorized; powers of authority.

The authority is authorized to establish and administer a state direct educational loan program pursuant to this subpart. The authority is authorized to prescribe all rules, regulations, policies, and procedures necessary or convenient for the administration of the program and all terms and conditions applicable to loans made under this subpart; provided, however, that they shall conform with this subpart.

## History

Ga. L. 1969, p. 683, § 6; Ga. L. 1971, p. 518, § 2; Code 1933, § 32-3748, enacted by Ga. L. 1980, p. 835, § 3; Ga. L. 1981, p. 735, § 39; Ga. L. 2024, p. 120, § 2-26/HB 985, effective June 30, 2024.

## Amendments

The 2024 amendment, effective June 30, 2024, deleted “to be a lender in the Georgia Higher Education Loan Program, as provided for in Part 2 of this article, and” following “authorized” in the first sentence and deleted “and with Part 2 of this article in order that such loans shall be guaranteed by the corporation” from the end of the second sentence.