Board of trustees to serve as direct lender of non-subsidized student loans; general duties.

Miss. Code Ann. § 37-145-11
in effect
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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: Accept and review each loan application; Determine the applicant’s eligibility and continued eligibility; 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 Provide by rule for: A mechanism for informing students of the availability of the loans; The creation of all applications, forms, promissory notes and other instruments necessary for the administration of the program; and Any other items necessary for the administration of the program.

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