MS HB428 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on March 6 2012 - 100% progression
Action: 2012-03-06 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

Mississippi B-On-Time Student Loan Program; create.

Sponsors


History

DateChamberAction
2012-03-06 Died In Committee
2012-02-13 Referred To Universities and Colleges;Appropriations

Mississippi State Sources


Bill Comments

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