: Texas Administrative Code

Texas Administrative Code

TITLE 19	EDUCATION
PART 1	TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 21	STUDENT SERVICES
SUBCHAPTER Z	GRADUATE NURSES' EDUCATION LOAN REPAYMENT PROGRAM
RULE §21.809	Repayment of Education Loans

Eligible education loans of eligible professional nurses shall be repaid under the following conditions:

(1) A total annual repayment to one or more eligible lenders shall not exceed the applicant's unpaid principal and interest owed on one or more eligible loans, or $7,000.00, whichever is less.

(2) Repayment shall be made at the end of each service period.

(3) Education loan repayment(s) may be renewed annually upon successful completion of the application process, but the aggregate repayment amounts may not exceed $39,000.

(4) The annual repayment(s) shall be made co-payable to the eligible professional nurse and to any eligible lender(s) or holder(s), to be applied to the outstanding balance of the loan.

(5) The annual repayment(s) may be made for verified full-time or for verified part-time service on a pro rata basis.

Source Note: The provisions of this §21.809 adopted to be effective November 28, 2004, 29 TexReg 10776

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