Texas Education Code - Section 52.36. Loan Interest And Fees
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§ 52.36. LOAN INTEREST AND FEES. (a) The board shall from
time to time fix the interest to be charged for any student loan at a
rate sufficient to pay the interest on outstanding bonds, any
expenses incident to their issuance, sale, and retirement, and all
or a portion of the board's expenses related to the operation of the
student loan program. Interest shall be postponed by the board as
long as a student is enrolled at a participating institution and may
be postponed at the board's discretion as long as a student is
enrolled at any other higher educational institution, provided that
the total interest paid is to be equal to that fixed at the time the
note evidencing the loan is executed.
(b) The board may charge and collect loan origination fees
from borrowers for use in offsetting in whole or in part the
operating expenses for the loans.
Acts 1971, 62nd Leg., p. 3072, ch. 1024, art. 1, § 1, eff. Sept.
1, 1971. Amended by Acts 1979, 66th Leg., p. 785, ch. 347, § 1,
eff. June 6, 1979; Acts 1987, 70th Leg., 2nd C.S., ch. 23, § 4,
eff. Aug. 3, 1987; Acts 1993, 73rd Leg., ch. 571, § 10, eff. Aug.
30, 1993.
Section: 52.20 52.31 52.32 52.321 52.33 52.34 52.35 52.36 52.37 52.38 52.39 52.40 52.41 52.501 52.51
Last modified: August 10, 2007
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