Texas Education Code

§ 61.9835 — ELIGIBLE LOANS

ED § 61.9835Title 3. HIGHER EDUCATION · Part B. STATE COORDINATION OF HIGHER EDUCATION · Ch. 61. TEXAS HIGHER EDUCATION COORDINATING BOARD · Art. KK. MATH AND SCIENCE SCHOLARS LOAN REPAYMENT PROGRAM

Statute text

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(a)The board may provide repayment assistance under this subchapter for the repayment of any student loan that:

(1)is for education at:

(A)a public or private institution of higher education; or

(B)a nonprofit, tax-exempt, regionally accredited college or university operating in accordance with a memorandum of understanding with this state under an executive order issued by the governor; and

(2)is received by an eligible person through an eligible lender.

(b)If the loan is not a state or federal guaranteed student loan, the note or other writing governing the terms of the loan must require the loan proceeds to be used for expenses incurred by a person in attending a postsecondary educational institution.

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Legislative history

Acts 2019, 86th Leg., R.S., Ch. 950 (S.B. 1757), Sec. 2, eff. September 1, 2019.