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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER LLEARLY CHILDHOOD CARE PROVIDER STUDENT LOAN REPAYMENT PROGRAM
RULE §21.2055Amount of Repayments and Limitations

(a) Participation in the program may not exceed a total of five years.

(b) The total annual loan repayments may not exceed the lesser of the following:

  (1) 15 percent of the total of all remaining scheduled payments of all education loans based upon a leveled payment schedule on the date of the annual application deadline;

  (2) the actual annual amount of the loan payments required by the note and holder of the education loans; or

  (3) an amount published on the Board's web site, at www.collegefortexans.com, as the average amount of resident tuition and required fees paid by a person enrolled full time at a qualifying institution for the most recent academic year, excluding summer school.

(c) Repayments shall be made copayable to the child-care provider and the holder of the education loan notes.


Source Note: The provisions of this §21.2055 adopted to be effective December 7, 2003, 28 TexReg 10759

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