Texas Education Code

§ 61.9957 — PAYMENT OF LOAN REPAYMENT ASSISTANCE

ED § 61.9957Title 3. HIGHER EDUCATION · Part B. STATE COORDINATION OF HIGHER EDUCATION · Ch. 61. TEXAS HIGHER EDUCATION COORDINATING BOARD · Art. NN. PEACE OFFICER LOAN REPAYMENT ASSISTANCE PROGRAM

Statute text

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(a)The board shall pay any loan repayment assistance under this subchapter in a lump sum delivered on the eligible person's behalf directly to the holder of the loan.

(b)Loan repayment assistance provided under this subchapter may be applied to any amount due on the loan.

(c)Each state fiscal biennium, the board shall attempt to allocate all money available to the board for the purpose of providing loan repayment assistance under this subchapter.

Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 567 (S.B. 16), Sec. 1, eff. September 1, 2019.