: Texas Administrative Code

Texas Administrative Code

TITLE 19	EDUCATION
PART 1	TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21	STUDENT SERVICES
SUBCHAPTER Q	LICENSED VOCATIONAL NURSES' STUDENT LOAN REPAYMENT PROGRAM
RULE §21.539	Repayment of Student Loans

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

(1) a total annual repayment on behalf of an eligible LVN shall not exceed the unpaid balance owed on one or more eligible loans, or $1,000.00 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 three years;

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

(5) the annual repayment(s) may be made for verified full-time service or for verified part-time service, on a pro rata basis, if the employer has provided a favorable recommendation on behalf of the nurse.

Source Note: The provisions of this §21.539 adopted to be effective November 28, 2004, 29 TexReg 10772

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