: 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 §21.716	Education Loan Repayments

The Application Review Committee shall inform the Board when applicants have satisfactorily met all eligibility requirements and have been selected for an award, and the Board shall arrange for the disbursement of the award. Annual assistance payments to eligible recipients must meet the following conditions:

(1) the annual award shall be:

(A) co-payable to the attorney and the holder(s) of the loan(s), and forwarded to the applicant to submit to his or her holder; or

(B) made payable to the holder and forwarded directly, or sent by electronic funds transfer to the holder by the Board;

(2) the annual award amount shall be determined by the Commissioner, with input from the Application Review Committee, but shall not exceed $6,000; and

(3) repayments shall be applied in the manner that is usual and customary for the holder.

Source Note: The provisions of this §21.716 adopted to be effective August 21, 2005, 30 TexReg 4650; amended to be effective November 29, 2007, 32 TexReg 8495

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