Tex.
Educ. Code 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.
Source:
Section 61.9835 — Eligible Loans, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.61.htm#61.9835
(accessed Jun. 5, 2024).