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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21STUDENT SERVICES
SUBCHAPTER VTEACH FOR TEXAS ALTERNATIVE CERTIFICATION CONDITIONAL GRANT PROGRAM
RULE §21.690Loan Interest

(a) The interest rate on loans shall be determined by the Commissioner and shall be a fixed simple interest rate.

(b) Interest begins to accrue as of the date the grant becomes a loan, or the date the certification program was completed, whichever is earlier.

(c) Interest does not accrue during periods of eligible teaching.


Source Note: The provisions of this §21.690 adopted to be effective November 26, 2001, 26 TexReg 9614

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