173.160. Standards of eligibility for loans. - Missouri Statutes

Standards of eligibility for loans.

173.160. The board shall adopt and promulgate regulationsestablishing standards for determining eligible institutions,eligible lenders, and eligible borrowers under sections 173.095to 173.180. These standards shall include, but are not limitedto, the following:

(1) The student's enrollment in an eligible institution,where his good standing and workload meet the criteria of theinstitution;

(2) The total guaranteed loans made to a student for oneacademic year;

(3) The aggregate insured unpaid principal of allguaranteed loans made to any student;

(4) The loans received by the student other than thoseguaranteed under the provisions of sections 173.095 to 173.180;

(5) The need of the student for the loan;

(6) The proportion of guaranteed outstanding student loansin default or potential default status from individualinstitutions or lenders;

(7) The percentage of the enrolled students at aninstitution who have guaranteed student loans and then withdraw;and

(8) The proportion of students at an institution havingreceived guaranteed loans.

(L. 1967 1st Ex. Sess. p. 894 § 8, A.L. 1978 H.B. 891, A.L. 1981 H.B. 326, A.L. 1994 S.B. 583)