There is a newer version
of
this Section
2019 Mississippi Code
Title 37 - Education
Chapter 145 - Mississippi Opportunity Loan Program Act
§ 37-145-11. Board of trustees to serve as direct lender of non-subsidized student loans; general duties
Universal Citation: MS Code § 37-145-11 (2019)
- The board of trustees shall serve as the direct lender of the non-subsidized student loans authorized under this chapter and in such capacity shall:
(a) Accept and review each loan application;
(b) Determine the applicant’s eligibility and continued eligibility;
(c) Collect any balance which may become due as a result of default on any loan, for which purpose the board of trustees shall have all the same authority as they have for the guaranteed student loan program; and
(d) Provide by rule for:
(i) A mechanism for informing students of the availability of the loans;
(ii) The creation of all applications, forms, promissory notes and other instruments necessary for the administration of the program; and
(iii) Any other items necessary for the administration of the program.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
