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.
Structure Mississippi Code
Chapter 145 - Mississippi Opportunity Loan Program Act
§ 37-145-5. Mississippi Opportunity Loan Program
§ 37-145-9. Administration of Fund
§ 37-145-13. Loan limits; coordination with certain other programs
§ 37-145-15. Eligibility for loans
§ 37-145-17. Disposition of repaid principal and interest
§ 37-145-19. Loans subject to availability of funds
§ 37-145-21. Authority to enter into agreements and contracts
§ 37-145-23. Authority to issue general obligation bonds
§ 37-145-25. Issuance of general obligation bonds
§ 37-145-27. General obligation bonds negotiable and tax exempt
§ 37-145-29. Sale of general obligation bonds; notice of sale
§ 37-145-31. Proceeds of sale of general obligation bonds
§ 37-145-33. Bondholder enforcement of general obligation bond rights
§ 37-145-37. General obligation bonds legal investments and securities
§ 37-145-39. No additional authority necessary for issuance of general obligation bonds
§ 37-145-43. Authority to issue student loan revenue bonds; purpose of bonds
§ 37-145-45. Student loan revenue bonds not a public obligation
§ 37-145-47. Issuance of student loan revenue bonds
§ 37-145-49. Terms and conditions related to student loan revenue bonds and their issuance
§ 37-145-51. Pledge upon student loan revenue bonds
§ 37-145-53. Purchase of student loan revenue bonds by issuing company
§ 37-145-55. Security for student loan revenue bonds
§ 37-145-57. Validity and sufficiency of signatures upon bonds
§ 37-145-59. Funds and accounts to carry out provisions relating to student loan revenue bonds
§ 37-145-63. Subsequent amendments not to limit vested rights of bondholders
§ 37-145-67. Public function; student loan revenue bond income tax exempt
§ 37-145-69. Student loan revenue bonds legal investments and securities