Section 173.150 – Recovery of loans.
Effective – 28 Aug 1994 173.150. Recovery of loans. — The board, by rules and regulations, shall determine the policy of collections and recovery of loans, including the use of private collection agencies or assigning loans to the United States Secretary of Education. Pursuant to the rules and regulations of the board the department may […]
Section 173.160 – Standards of eligibility for loans.
Effective – 28 Aug 1994 173.160. Standards of eligibility for loans. — The board shall adopt and promulgate regulations establishing standards for determining eligible institutions, eligible lenders, and eligible borrowers under sections 173.095 to 173.180. These standards shall include, but are not limited to, the following: (1) The student’s enrollment in an eligible institution, where […]
Section 173.170 – Standards of eligibility of loan agreements — discrimination prohibited.
Effective – 28 Aug 1994 173.170. Standards of eligibility of loan agreements — discrimination prohibited. — 1. The board shall adopt regulations establishing standards for determining eligibility of loan agreements to be guaranteed under the provisions of sections 173.095 to 173.180. The regulations shall provide for, but shall not be limited to, the following: (1) […]
Section 173.180 – Filing of regulations.
Effective – 28 Aug 1978 173.180. Filing of regulations. — The regulations of the board for the program shall be filed with the secretary of state as provided by statute before they shall become effective. ——– (L. 1967 1st Ex. Sess. p. 894 § 10, A.L. 1978 H.B. 891)
Section 173.186 – Guarantors of student loans, eligibility requirements.
Effective – 28 Aug 1986 173.186. Guarantors of student loans, eligibility requirements. — Independent or private guarantors of student loans of Missouri residents attending Missouri postsecondary educational institutions shall be subject to the following provisions in order to be eligible to guaranty such loans: (1) No such loan shall be guaranteed for attendance at a […]
Section 173.187 – Lender of last resort revolving fund, established, administration.
Effective – 28 Aug 1994 173.187. Lender of last resort revolving fund, established, administration. — 1. The “Lender of Last Resort Revolving Fund” is hereby established in the state treasury and shall consist of funds received from the United States Secretary of Education, charges, gifts, grants, and bequests from federal, private or other sources made […]
Section 173.130 – Funds not currently needed may be invested, how.
Effective – 28 Aug 1978 173.130. Funds not currently needed may be invested, how. — Moneys in the fund, both unobligated and obligated as a reserve, which in the judgment of the board are not currently needed for the payment of defaults of guaranteed loans, may be invested by the state treasurer, and any income […]
Section 173.141 – Authorized actions of the board.
Effective – 28 Aug 1981 173.141. Authorized actions of the board. — The board may: (1) Enter into agreements with and receive grants from the United States government in connection with federal programs of assistance to students of postsecondary education; (2) Contract with public agencies or private persons or organizations for the purpose of carrying […]
Section 173.095 – Declaration of policy.
Effective – 28 Aug 1978 173.095. Declaration of policy. — In recognition of the role of education in modern society and its influence upon whether or not a citizen will beneficially contribute to his state and community by his talents and developed abilities, and in recognition that educational opportunity should not be limited by the […]
Section 173.100 – Definitions.
Effective – 28 Aug 1994 173.100. Definitions. — As used in sections 173.095 to 173.187 the following terms mean: (1) “Board”, the Missouri coordinating board for higher education; (2) “Borrower”, any person who has become legally obligated to repay a loan made under the student loan program or that person’s guardian, trustee, estate, or other […]