Missouri § 173.387 Authority may be originator of guaranteed student loan, conditions.

Missouri Statutes

§ 173.387 — Authority may be originator of guaranteed student loan, conditions.

Missouri § 173.387

Title XIEDUCATION AND LIBRARIES

Ch. 173Department of Higher Education and Workforce Development

This text of Missouri § 173.387 (Authority may be originator of guaranteed student loan, conditions.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 173.387 (2026).

Text

The authority is hereby authorized to be the originator of any federally guaranteed student loan.  Provided, however, with respect to borrowers attending higher education institutions in the state of Missouri, the authority's origination of Stafford loans under the Federal Family Education Loan Program shall not exceed ten percent of the previous year's total Missouri Federal Family Education Loan Program volume as determined by the Student Marketmeasure report, data from the United States Department of Education, or other reputable sources.

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The authority is hereby authorized to be the originator of any federally guaranteed student loan. Provided, however, with respect to borrowers attending higher education institutions in the state of Missouri, the authority's origination of Stafford loans under the Federal Family Education Loan Program shall not exceed ten percent of the previous year's total Missouri Federal Family Education Loan Program volume as determined by the Student Marketmeasure report, data from the United States Department of Education, or other reputable sources.