The board shall adopt and promulgate regulations establishing standards for determining eligible institutions, eligible lenders, and eligible borrowers under sections 173.095 to 173.180 . These standards shall include, but are not limited to, the following: (1) The student's enrollment in an eligible institution, where his good standing and workload meet the criteria of the institution; (2) The total guaranteed loans made to a student for one academic year; (3) The aggregate insured unpaid principal of all guaranteed loans made to any student; (4) The loans received by the student other than those guaranteed under the provisions of sections 173.095 to 173.180 ; (5) The need of the student for the loan; (6) The proportion of guaranteed outstanding student loans in default or potential default status from individual institutions or lenders; (7) The percentage of the enrolled students at an institution who have guaranteed student loans and then withdraw; and (8) The proportion of students at an institution having received guaranteed loans.
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