MS HB350

Establishes the "Mississippi Higher Education Service Corps Scholarship Program" to provide college students with full scholarships or student loan repayment (up to $3,000 annually for up to 4 years) in exchange for tutoring and mentoring services in high-poverty public school districts.

Eligible recipients include students enrolled in or accepted to any Mississippi junior college, college, or university who express written intent to serve as tutors and mentors; full-time students may receive maximum of two annual awards.

Scholarship recipients must begin service as tutors and mentors during their first school year and complete one year of service for each full-time scholarship year received, with failure to complete obligations resulting in liability for all awards plus interest at Stafford Loan rates.

Creates the "Mississippi Higher Education Service Corps Fund" in the State Treasury to receive appropriated funds and repayments from program participants; requires annual reports to legislative education committees beginning December 1, 2011, detailing participation numbers, completion rates, defaults, and hours of service rendered.

Board of Trustees of State Institutions of Higher Learning serves as administering agency and shall jointly develop rules with the State Board of Education; effective July 1, 2010.