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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER SBORDER COUNTY DOCTORAL FACULTY EDUCATION LOAN REPAYMENT PROGRAM
RULE §21.594Eligible Education Loan

An education loan that is eligible for repayment is one that:

  (1) was obtained through a lender for the purpose of attending an eligible institution of higher education;

  (2) is evidenced by a promissory note:

    (A) for funds obtained through a federal or state loan program for higher education;

    (B) with language that clearly indicates that loan proceeds must be used for direct and indirect expenses at an eligible institution; or

    (C) for consolidating education loan;

  (3) is not in default at the time the application is received by the board; and

  (4) does not entail a service obligation.

Source Note: The provisions of this §21.594 adopted to be effective December 28, 1999, 24 TexReg 11750 

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