Section 61.9835 - Eligible Loans(a) The board may provide repayment assistance under this subchapter for the repayment of any student loan that:(1) is for education at: (A) a public or private institution of higher education; or(B) a nonprofit, tax-exempt, regionally accredited college or university operating in accordance with a memorandum of understanding with this state under an executive order issued by the governor; and(2) is received by an eligible person through an eligible lender.(b) If the loan is not a state or federal guaranteed student loan, the note or other writing governing the terms of the loan must require the loan proceeds to be used for expenses incurred by a person in attending a postsecondary educational institution.(c) The board may not provide loan repayment assistance under this subchapter for a student loan that is in default at the time of the person's application for repayment assistance.Tex. Educ. Code § 61.9835
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 950,Sec. 2, eff. 9/1/2019.Added by Acts 2013, 83rd Leg. - Regular Session, ch. 1229,Sec. 1, eff. 6/14/2013.