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HB 627

Forgivable loan programs; revise authority of Postsecondary Education Financial Assistance Board to administer and repeal unfunded programs.

2025 Regular Session Introduced by Donnie Scoggin

Mississippi bill reorganizes forgivable loan administration and eliminates unfunded education loan forgiveness programs through the state's financial assistance board.

Died In Committee
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Bill Summary · HB 627

Legislative bill overview

HB 627 would revise the authority of Mississippi's Postsecondary Education Financial Assistance Board to administer forgivable loan programs and would repeal unfunded programs. The bill essentially reorganizes how the state manages loan forgiveness initiatives for education, likely consolidating authority and eliminating programs that lack dedicated funding.

Why is this important

Forgivable loan programs directly affect college affordability and workforce retention in Mississippi by incentivizing graduates to work in high-need fields or underserved areas. Eliminating unfunded programs prevents the state from making promises it cannot keep to students, while consolidating administration could improve efficiency or reduce program availability depending on implementation.

Potential points of contention

  • Program elimination concerns: Repealing unfunded programs may leave current borrowers without promised forgiveness or eliminate opportunities for future students seeking loan relief
  • Consolidation effects: Centralizing authority in one board could streamline operations but might reduce program diversity or specialized forgiveness tracks for different fields
  • Funding clarity: The bill doesn't specify which programs are "unfunded" or how the board will prioritize remaining programs, raising questions about transparency and fairness

Compiled from official sources — confirm details with the bill’s official record.

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