SB 967 - Mayer, Rob
Allows Missouri Higher Education Loan Authority to originate federally guaranteed student loans under certain conditions.
Bill Details
Sponsor
LR Number
4258S.02T
Title
SCS SB 967
House Handler
Journal Page
S1094
Effective Date
Emergency Clause
Committee
Current Status
Signed by Governor
Quick Links
Amendments
No amendments available
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