85-1761 Nebraska Student Loan Assistance Program; authority; powers. - Nebraska Statutes

85-1761. Nebraska Student Loan Assistance Program; authority; powers.The authority may:(1) Make loans to private institutions of higher education to assist such institutions in providing loans to their full-time students to assist them in financing the cost of their education while taking courses leading to an academic degree;(2) Participate in the financing of such loans;(3) Sell or participate in the sale of such loans;(4) Collect and pay reasonable fees and charges in connection with the exercise of the powers provided in subdivisions (1) through (3) of this section;(5) Do all things necessary and convenient to carry out the purposes of this section and section 85-1762 in connection with the administering of such loans, including contracting with any person, firm, or other body, public or private;(6) Enter into any agreements necessary to effect the guarantee, insuring, or administering of such loans;(7) Adopt and promulgate rules and regulations governing and establish standards for participation in the Nebraska Student Loan Assistance Program; and(8) Exercise all powers incidental to or necessary for the performance of the powers authorized by this section. SourceLaws 1993, LB 465, § 35; R.S.1943, (1994), § 79-2962; Laws 1995, LB 5, § 61.