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 […]
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 […]
Effective – 28 Aug 1994 173.105. Board and department duties — required federal reports, submitted to whom. — 1. The board shall determine the basic policies for the loan program and shall promulgate rules and regulations necessary to establish the loan program and to carry out the purposes of sections 173.095 to 173.180. The basic […]
Effective – 28 Aug 1994 173.110. Department may guarantee student loans — subrogation — charges for guarantee — lender of last resort loans, origination — amount guaranteed, limit. — 1. The department is authorized to issue certificates of guarantee covering student loans by eligible lenders which meet the requirements of sections 173.095 to 173.180 and […]
Effective – 28 Aug 1988 173.115. Defaulted loans — wage withholding orders, issued when, maximum amount, effect — statement of claim, rights of borrower — hearing, procedure, order to pay debt, judicial review — employer duties, liabilities, immune, when — discharge of employee prohibited when, penalty — service of process — rulemaking. — 1. After […]
Effective – 30 Apr 1982 173.120. State guaranty student loan fund established — purpose — no transfers from fund, exception — appropriations not to lapse. — 1. The “State Guaranty Student Loan Fund” is established and shall consist of money appropriated to it by the general assembly, charges, gifts, grants and bequests from federal, private […]
Effective – 28 Aug 2007 173.125. Dispute resolution requirements. — As a condition of receiving state funds, every public institution of higher education shall agree to submit to binding dispute resolution with regard to disputes among public institutions of higher education that involve jurisdictional boundaries or the use or expenditure of any state resources whatsoever, […]
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 […]
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 […]
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 […]
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 […]
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) […]
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)
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 […]
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 […]
