Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 21||STUDENT SERVICES|
|SUBCHAPTER H||TEACHER EDUCATION LOAN PROGRAM|
|RULE §21.203||Loan Interest|
The interest on teacher education loans shall be simple interest and the interest rate to be charged shall be a fixed rate set from time to time by the commissioner and ratified by the board. Interest shall accrue from the date of disbursement until the loans are either totally repaid or cancelled.
|Source Note: The provisions of this §21.203 adopted to be effective December 17, 1984, 9 TexReg 6126.|
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