Texas Education Code
§ 52.335 — REQUIRED LOAN DEBT DISCLOSURE
ED § 52.335Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 52. STUDENT LOAN PROGRAM · Art. C. STUDENT LOANS
Statute text
View on source(a)This section applies to a participating higher educational institution that enrolls one or more students receiving state financial aid administered by the Texas Higher Education Coordinating Board.
(b)At least annually a participating higher educational institution to which this section applies that receives education loan information for a student enrolled at the institution shall provide to that student in an electronic communication the following information:
(1)an estimate of the total amount of state and federal education loans incurred by the student;
(2)an estimate of the total payoff amount, or a range for that amount, for the amount described by Subdivision (1), including principal and interest; and
(3)an estimate of the monthly repayment amount that the student may incur for the repayment of the amount described by Subdivision (1), including principal and interest. (b-1) A participating higher educational institution is not required to provide in any disclosure or report required under this section information regarding loans issued by a private entity.
(c)A participating higher educational institution is required to include in the disclosure only education loan debt information regarding the student that the institution:
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Legislative history
Acts 2019, 86th Leg., R.S., Ch. 573 (S.B. 241), Sec. 1.05, eff. September 1, 2019.