Tex.
Educ. Code Section 56.165
Loan Disbursement
(a)
If an eligible student applies for a loan from a lending institution, the board shall provide the institution a conditional guaranty of the loan, in accordance with Section 56.170 (Conditional Guaranty) of this code, on the board’s receipt of:(1)
the student’s application to the board for a conditional guaranty;(2)
a verification of the student’s enrollment from the institution enrolling the student;(3)
a certification from the institution enrolling the student of the amount of tuition and fees for the student; and(4)
a certification from the lending institution that the terms of the loan conform with the requirements of Section 56.166 (Terms of Loan) of this code, including requirements adopted by the board under that section, and that the lending institution agrees to suspend interest on the student’s loan as provided by Sections 56.168 (Postdoctoral Fellowship) and 56.169 (Loan Suspension and Forgiveness) of this code.(b)
If an eligible student applies for a loan from the board, the board shall provide a loan in an amount determined by the board to the student on the board’s receipt of:(1)
the student’s application to the board for a loan;(2)
a verification of the student’s enrollment from the institution enrolling the student; and(3)
a certification from the institution enrolling the student of the amount of tuition and fees for the student.
Source:
Section 56.165 — Loan Disbursement, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.56.htm#56.165
(accessed Jun. 5, 2024).