Texas Education Code
§ 56.0094 — FINANCIAL AID DISPLACEMENT
ED § 56.0094Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 56. STUDENT FINANCIAL ASSISTANCE · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)In this section:
(1)"Coordinating board" means the Texas Higher Education Coordinating Board.
(2)"Gift aid" means a grant, scholarship, exemption, waiver, or other financial aid awarded to a student without a requirement to repay the aid or earn the aid through work.
(b)The coordinating board shall develop a financial aid displacement advisory for use by institutions of higher education under this section that contains:
(1)a statement bordered by a line one point in weight in a font not less than 14 points in size in the following form: "Financial aid displacement occurs when a student's financial aid is reduced due to receipt of a private scholarship or other reasons identified in this advisory. This practice occurs in Texas and should be taken into consideration while applying for financial aid. The institution to which you are applying is providing in this application a list of recommendations describing how to maximize your financial aid and ensure that you are prepared when financial aid displacement occurs. You are encouraged to reach out to the institution to which you are applying to receive advice on how to avoid financial aid displacement."; and
(2)a list of the most common reasons, as identified by the coordinating board, for which the amount of gift aid awarded may be revised or reduced under this chapter.
…
Legislative history
Added by Acts 2025, 89th Leg., R.S., Ch. 1038 (S.B. 2995), Sec. 1, eff. September 1, 2025.