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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER ETEXAS B-ON-TIME LOAN PROGRAM
RULE §21.124Initial Eligibility for Loans

(a) The Commissioner may authorize initial awards through the Texas B-On-Time Loan Program to students at any eligible institution which certifies that the student:

  (1) is a resident of Texas as defined in this subchapter or beginning with the 2005-2006 academic year, or be entitled, as a child of a member of the armed forces of the United States, to pay tuition at the rate provided for residents of this state under Texas Education Code, §54.241; and

  (2) meets one of the following academic requirements:

    (A) graduated not earlier than the 2002-2003 school year under the Recommended or Distinguished Achievement Program - Advanced High School Program (or its equivalent) from a public or private high school in Texas;

    (B) beginning with the 2005-2006 academic year, graduated not earlier than the 2002-2003 school year from a high school operated by the United States Department of Defense and at the time of graduation was a dependent child of a member of the armed forces of the United States; or

    (C) received an associate degree from an institution of higher education or private or independent institution of higher education not earlier than May 1, 2005;

  (3) has not been granted a baccalaureate degree;

  (4) is enrolled for a full-time course load, as determined by the institution, in a baccalaureate degree program at an eligible institution;

  (5) is eligible for federal financial aid, except that the student is not required to meet any financial need requirements applicable to other financial aid programs.

(b) A student is not required to be 18 years of age at the time that he or she establishes eligibility for participation in the program; for the purpose of any promissory note executed by a borrower, the defense that he or she was a minor at the time he or she executed a note shall not be available to him or her in any action arising on the note.


Source Note: The provisions of this §21.124 adopted to be effective December 7, 2003, 28 TexReg 10757; amended to be effective August 16, 2004, 29 TexReg 7975; amended to be effective November 28, 2005, 30 TexReg 7856; amended to be effective August 15, 2006, 31 TexReg 6332; amended to be effective November 29, 2011, 36 TexReg 8021; amended to be effective September 4, 2014, 39 TexReg 6854

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