: Texas Administrative Code

Texas Administrative Code

TITLE 19	EDUCATION
PART 1	TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21	STUDENT SERVICES
SUBCHAPTER W	EDUCATIONAL LOAN REPAYMENT PROGRAM FOR ATTORNEYS EMPLOYED BY THE OFFICE OF THE ATTORNEY GENERAL
RULE §21.715	Eligible Education Loan

An eligible education loan is one that:

(1) was obtained through a lender for purposes of attending an eligible school of law or for undergraduate education at an institution of higher education, or was obtained though a lender for purposes of consolidating education loans,

(2) does not entail a service obligation and is not being repaid through another loan repayment program,

(3) is not an education loan made to oneself from one's own insurance policy or pension plan or from the insurance policy or pension plan of a relative,

(4) is not in default at the time of application, and

(5) is evidenced by a promissory note or other writing signed by the participant which explicitly requires the loan proceeds to be used to pay for costs incurred for attendance at a public or private institution of higher education.

Source Note: The provisions of this §21.715 adopted to be effective August 21, 2005, 30 TexReg 4650; amended to be effective November 29, 2007, 32 TexReg 8495

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