: Texas Administrative Code

Texas Administrative Code

TITLE 19	EDUCATION
PART 1	TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21	STUDENT SERVICES
SUBCHAPTER P	PROFESSIONAL NURSES' STUDENT LOAN REPAYMENT PROGRAM
RULE §21.509	Repayment of Student Loans

Eligible student loans of eligible professional nurses shall be repaid under the following conditions:

(1) a total annual repayment on behalf of an eligible Professional Nurse shall not exceed the unpaid principal and interest owed on one or more eligible loans, or $2,000.00, whichever is less;

(2) repayment shall be made at the end of each service period;

(3) student loan repayment(s) may be renewed annually upon successful completion of the application process, but for no more than a total of 3 years;

(4) the annual repayment(s) shall be made co-payable to the eligible professional nurse and to any eligible lender(s) or holder(s), to be applied to the outstanding balance of the loan;

(5) the annual repayment(s) may be made for verified full-time or for verified part-time service on a pro rata basis.

Source Note: The provisions of this §21.509 adopted to be effective November 28, 2004, 29 TexReg 10771

Next Page Previous Page