|(a) Qualification criteria. (1) The commissioner may authorize, or cause to be authorized, loans from the fund to qualified students at any participating institution provided the applicant: (A) is a resident of Texas; (B) has been accepted for enrollment at a participating institution for at least one-half the normal academic course load of the institution; (C) has established that he has insufficient resources to finance his college education; (D) has been recommended by two reputable persons in his home community; (E) has completed an application for a loan on the form prescribed by the commissioner; (F) has been recommended for a loan by the Hinson-Hazlewood College Student Loan Program officer; and (G) has complied with such other provisions of this subchapter as are required of such student.
(2) In no event shall a higher standard of academic performance be required of an applicant than the minimum standard for enrollment in the participating institution, and such student must be meeting the minimum academic requirements of the institution at the beginning of the semester in which any loan is made. First-time enrolled students must meet the minimum standard for enrollment at the time a loan is made. If a student who is otherwise eligible for a loan can be enrolled in the participating institution, he is eligible for a loan. No loan shall be made to an undergraduate student whose course load in the semester or term in which the loan is made is less than one-half the normal course load, as determined by the participating institution, for a full-time undergraduate student enrolled in the same program at the participating institution. No loan may be made to a graduate or professional student who is not making satisfactory progress toward the completion of his
educational program as determined by the participating institution. (b) Authorization of loans. The commissioner may authorize, or cause to be authorized, loans from the fund to qualified students at any participating institution provided there is on file with the commissioner the following: (1) a certification by the participating institution that each applicant meets the qualifications for a loan as provided in this section and a recommendation by the Hinson-Hazlewood College Student Loan Program officer that a loan from the fund be made to each applicant named in the form prescribed by the commissioner; (2) a copy of the student's completed application for a loan; (3) a copy of each recommendation by reputable persons in the student's home community; (4) a copy of the computation of the financial resources available to the student as shown on the application or a computation of
financial resources available submitted by College Scholarship Service or American College Testing Program.