173.160. Standards of eligibility for loans.

190 words·~1 min read·/mo/chapter-173/173-160

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173.160. Standards of eligibility for loans. — The board shall adopt and promulgate regulations establishing standards for determining eligible institutions, eligible lenders, and eligible borrowers under sections 173.095 to 173.180 . These standards shall include, but are not limited to, the following:

(1)The student's enrollment in an eligible institution, where his good standing and workload meet the criteria of the institution;

(2)The total guaranteed loans made to a student for one academic year;

(3)The aggregate insured unpaid principal of all guaranteed loans made to any student;

(4)The loans received by the student other than those guaranteed under the provisions of sections 173.095 to 173.180 ;

(5)The need of the student for the loan;

(6)The proportion of guaranteed outstanding student loans in default or potential default status from individual institutions or lenders;

(7)The percentage of the enrolled students at an institution who have guaranteed student loans and then withdraw; and

(8)The proportion of students at an institution having received guaranteed loans.

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(L. 1967 1st Ex. Sess. p. 894 § 8, A.L. 1978 H.B. 891, A.L. 1981 H.B. 326, A.L. 1994 S.B. 583)