Miss. Code Ann. § 37-145-11: Miss. Code Ann. § 37-145-11

The board of trustees shall serve as the direct lender of the non-subsidized student loans authorized under this chapter and in such capacity shall:

(a) Accept and review each loan application;

(b) Determine the applicant's eligibility and continued eligibility;

(c) Collect any balance which may become due as a result of default on any loan, for which purpose the board of trustees shall have all the same authority as they have for the guaranteed student loan program; and

(d) Provide by rule for:

(i) A mechanism for informing students of the availability of the loans;

(ii) The creation of all applications, forms, promissory notes and other instruments necessary for the administration of the program; and

(iii) Any other items necessary for the administration of the program.