|(a) The following institutions or entities located in Texas and approved by the U.S. Department of Education for the purpose of guaranteeing the Board against loss due to the death, disability, or default of borrower shall be eligible to participate in the Program: (1) Institutions of Higher Education as defined in Texas Education Code, §61.003(8); (2) Private or Independent Institutions of Higher Education as defined in Texas Education Code, §61.003(15); (3) Career colleges that offer degree programs approved by the Board under §§12.1 - 12.46 of this title (relating to Career Schools and Colleges); and (4) Nonprofit private postsecondary educational institutions accredited by an agency recognized by the Board in §7.4(a) of this title (relating to Exemptions, Revocation of Exemptions, and Certificates of Authorization). (b) Entities, including Regional Education Services Centers, approved by the State Board of Educator Certification under the provisions of §228.10 of the Texas Administrative Code (relating to Approval Process) to offer an alternative certification program shall be eligible to participate in the program without being approved by the U.S. Department of Education for the purpose of guaranteeing the Board against loss due to death, disability, or default of borrower. (c) Each eligible institution shall designate a full-time administrative official of the institution who will act as the Board's on-campus agent. This officer shall certify all institutional transactions and activities with respect to the fund, and shall be responsible for all records and reports reflecting the transactions with respect to the Fund. The Hinson-Hazlewood College Student Loan Program Officer may authorize other student financial aid officials at the institution to certify Hinson-Hazlewood College Student Loan Program applications. (d) Each eligible institution shall promptly report student borrower changes in enrollment status to the Board directly or to the National Student Clearinghouse.
|Source Note: The provisions of this §21.54 adopted to be effective May 22, 2003, 28 TexReg 3950; amended to be effective November 28, 2005, 30 TexReg 7855; amended to be effective May 21, 2008, 33 TexReg 3939