: Texas Administrative Code

Texas Administrative Code

TITLE 19	EDUCATION
PART 1	TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21	STUDENT SERVICES
SUBCHAPTER KK	CLASSROOM TEACHER REPAYMENT ASSISTANT PROGRAM
RULE §21.2025	Repayment of Education Loans

Eligible education loans shall be repaid under the following conditions:

(1) the annual repayment(s) shall be made co-payable to the teacher and the holder(s) of the loan(s);

(2) the annual repayment amount is the lesser of $1,000.00 or the amount of principal and interest that is scheduled to be paid during the service period;

(3) the total amount of loan repayment shall not exceed $5,000.00;

(4) the number of service periods shall not exceed five years;

(5) all payments are contingent upon availability of funds and the applicant's having met all program requirements at the end of the service period; and

(6) prior conditional approval shall be communicated to eligible teachers.

Source Note: The provisions of this §21.2025 adopted to be effective November 26, 2001, 26 TexReg 9616

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