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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER NTEACH FOR TEXAS CONDITIONAL GRANT PROGRAM
RULE §21.441Loan Interest

(a) The interest rate charged on Teach for Texas Conditional Grants shall be determined by the Commissioner and shall be a fixed, simple interest rate.

(b) Interest begins to accrue upon the date the grant becomes a loan or the program completion date, whichever is earlier.

(c) Interest does not accrue during of periods of educational deferment.


Source Note: The provisions of this §21.441 adopted to be effective November 26, 2001, 26 TexReg 9614

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