Texas Administrative Code
|PART 1||TEXAS HIGHER EDUCATION COORDINATING BOARD|
|CHAPTER 21||STUDENT SERVICES|
|SUBCHAPTER D||HINSON-HAZLEWOOD COLLEGE STUDENT LOAN PROGRAM: ALL LOANS MADE BEFORE FALL SEMESTER, 1971, NOT SUBJECT TO THE FEDERALLY INSURED STUDENT LOAN PROGRAM|
|RULE §21.94||Institutional Refunds to Student Borrowers|
At such time as a student is no longer qualified to borrow from the fund and refunds are payable to such a student borrower by the participating institution, such refunds shall be subject to the established refund schedule of the participating institution as published in the institutional catalogue; provided, however, that any such refunds shall be made first to the fund, except in the case of loans previously canceled by insurance claims, and deposited to the credit of such student borrower. Such refunds shall not exceed the aggregate amount of all interim notes plus accrued unpaid interest and cost of insurance on the life of the student borrower.
|Source Note: The provisions of this §21.94 adopted to be effective January 1, 1976.|
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