SB 967 Allows Missouri Higher Education Loan Authority to originate federally guaranteed student loans under certain conditions.
Sponsor: Mayer
LR Number: 4258S.02T Fiscal Note: 4258-02
Committee: Education
Last Action: 5/2/2008 - Signed by Governor Journal Page: S1094
Title: SCS SB 967 Calendar Position:
Effective Date: Emergency Clause
House Handler: Kingery

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Current Bill Summary


SCS/SB 967 – This act allows the Missouri Higher Education Loan Authority to be the originator of any federally guaranteed student loan. For borrowers attending higher education institutions in Missouri, the authority's origination of Stafford loans under the Federal Family Education Loan Program must not exceed 10% of the previous year's total Missouri Federal Family Education Loan Program volume as described in the act.

This act contains an emergency clause.

MICHAEL RUFF