House Bill 211

AN ACT TO CREATE THE MISSISSIPPI B-ON-TIME STUDENT LOAN PROGRAM; TO DEFINE TERMS USED IN THIS ACT; TO REQUIRE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING AND THE STATE BOARD FOR COMMUNITY AND JUNIOR COLLEGES TO ADMINISTER THE PROGRAM; TO AUTHORIZE THE BOARD TO CHARGE AND COLLECT A LOAN ORIGINATION FEE FROM PERSONS RECEIVING LOANS UNDER THE PROGRAM; TO PROVIDE THAT THE TOTAL AMOUNT OF LOANS ISSUED UNDER THE PROGRAM SHALL NOT EXCEED THE AMOUNT AVAILABLE IN THE LOAN FUND; TO PRESCRIBE THE CRITERIA FOR ELIGIBILITY FOR A LOAN; TO PRESCRIBE THE CRITERIA FOR CONTINUED LOAN ELIGIBILITY; TO PROVIDE THE MANNER FOR A STUDENT TO REESTABLISH ELIGIBILITY FOR A LOAN UNDER THE PROGRAM; TO REQUIRE THE BOARD TO ADOPT RULES TO ALLOW OTHERWISE ELIGIBLE PERSONS TO RECEIVE A LOAN UNDER THE PROGRAM UNDER CERTAIN CONDITIONS; TO PRESCRIBE THE PURPOSES FOR WHICH LOAN FUNDS MAY BE USED; TO REQUIRE THE BOARD TO DETERMINE THE LOAN AMOUNT AWARDED TO A FULL-TIME STUDENT AT AN ELIGIBLE INSTITUTION OF HIGHER LEARNING; TO REQUIRE THE BOARD TO DISTRIBUTE COPIES OF ITS ADOPTED RULES TO EACH LOCAL SCHOOL DISTRICT; TO REQUIRE LOCAL SCHOOL DISTRICTS TO NOTIFY CERTAIN INDIVIDUALS OF THE LOAN PROGRAM AND THE ELIGIBILITY REQUIREMENTS OF THE PROGRAM; TO PROVIDE FOR THE DEFERMENT OF LOAN REPAYMENTS BASED ON THE ENROLLMENT STATUS OF THE LOAN RECIPIENT; TO PROVIDE FOR THE CONDITIONS UNDER WHICH THE REPAYMENT OF A LOAN WILL BE FORGIVEN; TO ESTABLISH THE MISSISSIPPI B-ON-TIME STUDENT LOAN FUND AS A SPECIAL FUND IN THE STATE TREASURY AND PROVIDE FOR ITS FUNDING; TO AMEND SECTION 37-103-25, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• Reecy L. Dickson

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 13 – Feb 4

1. Jan 13Referred to the House committees on Universities and Colleges and on Appropriations
2. Feb 4Died in committee in the House