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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER OEARLY CHILDHOOD CARE PROVIDER STUDENT LOAN REPAYMENT PROGRAM
RULE §21.471Amount of Repayments and Limitations

(a) The amount of repayments and the timeliness of repayments of education loans of a child-care provider are dependent upon appropriations and availability of funds. The board may delay repayments in times of insufficient funds.

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

  (1) 15% of the total of all remaining scheduled payments of all education loans based upon a leveled payment schedule on the date of the participation agreement;

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

  (3) an amount set by the board equal to the maximum amount of resident tuition and required fees paid by a person enrolled as a full-time student at a general academic teaching institution in Texas for the most recent academic year, excluding summer school.


Source Note: The provisions of this §21.471 adopted to be effective December 28, 1999, 24 TexReg 11750

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