MONTANA BOARD OF REGENTS OF HIGHER EDUCATION
Policy and Procedures Manual
SUBJECT: STUDENT AFFAIRS
505 - Guaranteed Student Loan Program
Effective July 7, 2000; Issued July 25, 2000
Section 20-26-1101 through 1107, Montana Codes Annotated.
The Montana Guaranteed Student Loan Program is established within the
Office of the Commissioner of Higher Education (MGSLP) and is responsible for
the administration of the Federal Family Education Loan Program, formerly known
as the Guaranteed Student Loan program. Staff
will be employed by the Commissioner and funded through revenues generated by
the program. The MGSLP has the
following responsibilities: regulation
and compliance, lender promotion, school and student liaison and other duties
necessary to, appropriate for the efficient administration of, consistent with,
or authorized by, the Federal Family Education Loan program or other student
financial aid programs.
2. The MGSLP may contract negotiated fees for activities necessary or appropriate to administer the student loan program. The activities will include but not be limited to loan processing, claim processing, collections and educational outreach.
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