Tex. Educ. Code Section 56.0092
Texas B-on-time Student Loan Account; Former Loan Program Continued in Effect for Certain Academic Years Only

(a)

The Texas B-On-time student loan account previously established by former Section 56.463 continues as an account in the general revenue fund. The account consists of:

(1)

gifts and grants;

(2)

any legislative appropriations received for the purpose of awarding Texas B-On-time student loans to students who qualify and establish eligibility for the loans as described by Subsection (c) and for discharging any other remaining obligations under the former Texas B-On-time student loan program;

(3)

tuition set aside under Section 56.465, as that section existed immediately before September 1, 2015, for a semester or term occurring before the 2015 fall semester;

(4)

bond proceeds deposited under Section 52.91 (Bonds for Former Texas B-on-time Student Loan Program)(a); and

(5)

any other money in the account on September 1, 2015.

(b)

Money in the Texas B-On-time student loan account may be used only to pay any costs of the coordinating board related to loans awarded under the Texas B-On-time student loan program as provided by Subsection (c) for a semester or term occurring before the 2020 fall semester.

(c)

Beginning with the 2015 fall semester, the coordinating board may not award an initial Texas B-On-time student loan under the Texas B-On-time student loan program. The coordinating board may award, for a semester or term occurring before the 2020 fall semester, a subsequent Texas B-On-time student loan to an eligible student who received an initial Texas B-On-time student loan before the 2015-2016 academic year. For Texas B-On-time student loans to be awarded as described by this subsection:

(1)

students may qualify and establish continued eligibility, as applicable, under Subchapter Q as that subchapter existed immediately before September 1, 2015; and

(2)

the coordinating board may make loans using any money available for the purposes of the former Texas B-On-time student loan program.

(d)

On September 1, 2024, the Texas B-On-time student loan account is abolished, and any remaining money in the account, notwithstanding Subsection (b), may be appropriated only to eligible institutions in the manner provided by Subsection (e).

(e)

An appropriation under Subsection (d) must be made in accordance with a formula, adopted by coordinating board rule, that the coordinating board determines fairly allocates the appropriated amount to those eligible institutions at which the Texas B-On-time student loan program was underutilized. For purposes of this subsection, the Texas B-On-time student loan program is considered to have been underutilized by students of an institution in any period if the institution’s percentage of the total amount of tuition set aside by all institutions under the program during the period was greater than the institution’s percentage of all students who received a Texas B-On-time student loan under the program for the same period. The coordinating board shall base the coordinating board’s determination on a period of academic years occurring before the 2015-2016 academic year that the coordinating board considers representative of eligible institutions’ student participation in the Texas B-On-time student loan program.

(e-1)

An eligible institution that receives an appropriation of money under Subsection (d) may use the money only to support efforts to increase the number of at-risk students who graduate from the institution or the rate at which at-risk students graduate from the institution.

(f)

In this section:

(1)

“At-risk student” means an undergraduate student of an eligible institution:

(A)

who has previously received a grant under the federal Pell Grant program or met the Expected Family Contribution (EFC) criterion for a grant under that program; or

(B)

whose total score on the SAT or the ACT, excluding the optional essay test, is less than the national mean of students’ scores on the applicable test.

(2)

“Eligible institution” means a general academic teaching institution described by Section 56.451(2)(A) or a medical and dental unit described by Section 56.451(2)(B), as those paragraphs existed immediately before September 1, 2015.
Added by Acts 2015, 84th Leg., R.S., Ch. 1243 (H.B. 700), Sec. 6, eff. September 1, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 634 (S.B. 1504), Sec. 1, eff. June 10, 2019.
Acts 2019, 86th Leg., R.S., Ch. 1173 (H.B. 3317), Sec. 9(a), eff. June 14, 2019.

Source: Section 56.0092 — Texas B-on-time Student Loan Account; Former Loan Program Continued in Effect for Certain Academic Years Only, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­56.­htm#56.­0092 (accessed Jun. 5, 2024).

56.001
Short Title 56.002
Declaration of Policy 56.003
Definitions 56.004
Filing Fees in Suits to Collect Delinquent Student Loans 56.006
Employee Trained in Student Financial Assistance Programs for Veterans and Families 56.007
Exclusion of Assets in Prepaid Tuition Programs and Higher Education Savings Plans 56.008
Priority Deadline for Student Financial Assistance 56.009
Eligibility Based on Graduation Under Certain High School Programs 56.011
Resident Undergraduate Student Assistance 56.012
Resident Graduate Student Assistance 56.013
Information Regarding Financial Assistance Funded from Designated Tuition 56.014
Notice to Students Regarding Tuition Set Aside for Financial Assistance 56.031
Short Title 56.032
Purpose 56.033
Source of Program Funding 56.034
Guidelines for Determining Eligibility and Awarding Grants 56.035
Type of Grants to Be Awarded 56.036
Transfer of Grant Funds for Use as Matching Funds 56.037
Priorities in Awarding Matching Funds 56.038
Restrictions and Return of Transferred Funds 56.039
Full Use of Funds 56.051
Emergency Loans 56.052
Eligibility 56.053
Terms 56.054
Source of Program Funding 56.055
Deferred Repayment 56.0065
Student Financial Assistance Programs for Veterans and Families 56.071
Program Name 56.072
Purpose 56.073
Administrative Authority 56.074
Eligible Institution 56.075
Eligible Student 56.076
Eligible Employer 56.077
Adoption and Distribution of Rules 56.078
Funding 56.079
Work-study Student Mentorship Program 56.080
Online List of Work-study Employment Opportunities 56.082
Annual Report 56.091
Establishment 56.0092
Texas B-on-time Student Loan Account 56.092
Eligibility 56.093
Eligible Loans 56.094
Loan Repayment Assistance 56.095
Funding 56.101
Definitions 56.102
Administration of Program 56.103
Rural Veterinarian Incentive Program Committee 56.104
Eligible Veterinary Student or Graduate 56.105
Rural Sponsors 56.106
Financial Support 56.121
Purpose 56.122
Definitions 56.123
Creation 56.124
Administration 56.125
Loans from Fund 56.126
Revenue Bonds 56.127
Refunding Bonds 56.128
Amount of Bonds 56.129
Interest Rate 56.130
Maturity 56.131
Execution of Bonds 56.132
Approval and Registration of Bonds 56.133
Replacement of Bond 56.134
Proceeds 56.135
Limitation of Authority 56.141
Definitions 56.142
Establishment 56.143
Eligible Student 56.144
Amount and Payment of Conditional Grants 56.145
Repayment of Conditional Grant 56.147
Funding 56.161
Definitions 56.162
Establishment 56.163
Eligibility 56.164
Tuition Charged Certain Nonresident Loan Recipients 56.165
Loan Disbursement 56.166
Terms of Loan 56.167
Mentors 56.168
Postdoctoral Fellowship 56.169
Loan Suspension and Forgiveness 56.170
Conditional Guaranty 56.171
Funding 56.221
Definitions 56.222
Purpose 56.223
Eligibility 56.224
Entitlement 56.225
Application of Scholarship 56.226
Payment of State Credit 56.227
Rules 56.241
Definition 56.242
Student Endowment Scholarship and Internship Program 56.243
Election to Participate 56.244
Types of Scholarships 56.245
Eligibility 56.246
Amount of Scholarship or Internship Funding 56.247
Student Endowment Fund 56.301
Definitions 56.302
Program Name 56.303
Administration of Program 56.304
Initial Eligibility for Grant 56.305
Continuing Eligibility and Academic Performance Requirements 56.306
Grant Use 56.307
Grant Amount 56.308
Notification of Program 56.310
Funding 56.311
Legislative Oversight Committee 56.351
Definition 56.352
Purpose of Program 56.353
Eligibility 56.354
Eligible Loans 56.355
Payment of Assistance 56.357
Teach for Texas Alternative Certification Assistance Program 56.358
Funding 56.359
Grants and Service Agreements Entered into Under Former Law 56.401
Definitions 56.402
Program Name 56.403
Administration of Program 56.404
Initial Eligibility for Grant 56.405
Continuing Eligibility and Academic Performance Requirements 56.406
Grant Use 56.407
Grant Amount 56.481
Purpose 56.482
Definitions 56.483
Award of Scholarship 56.484
Initial Eligibility for Scholarship 56.485
Ineligibility for Scholarship 56.486
Amount of Scholarship 56.487
Application Procedure 56.488
Continuing Eligibility for Scholarship 56.489
Satisfactory Academic Progress 56.490
Exception for Hardship or Other Good Cause 56.491
Publication of Program Information 56.492
Reimbursement 56.493
Rules 56.501
Definitions 56.502
Purpose 56.503
Eligible Educator Preparation Programs 56.504
Initial Student Eligibility for Scholarship 56.505
Continuing Student Eligibility and Academic Performance Requirements 56.506
Scholarship Amount 56.507
Scholarship Use 56.508
Administration of Program 56.521
Definitions 56.522
Purpose 56.523
Administration of Program 56.524
Initial Eligibility for Grant 56.525
Continuing Eligibility and Academic Performance Requirements 56.526
Grant Use 56.527
Grant Amount 56.528
Grant Not to Affect Admission 56.0851
Definitions 56.0852
Program Name 56.0853
Purpose 56.0854
Administration 56.0855
Eligible Employer 56.0856
Adoption of Rules 56.0857
Online List of Texas Works Employment Opportunities 56.3042
Initial Qualification of Person on Track to Meet Eligibility Requirements 56.3045
Tolling of Eligibility for Initial Award 56.3071
Effect of Eligibility for Tuition Equalization Grant 56.3075
Health Care Profession Student Grant 56.3575
Administration 56.4075
Health Care Profession Student Grant
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Accessed:
Jun. 5, 2024

§ 56.0092’s source at texas​.gov