Texas Education Code - Section 52.41. Restriction On Issuance Of Certain Federally Insured Student Loans
Legal Research Home >
Texas Lawyer > Education Code > Texas Education Code - Section 52.41. Restriction On Issuance Of Certain Federally Insured Student Loans
§ 52.41. RESTRICTION ON ISSUANCE OF CERTAIN FEDERALLY
INSURED STUDENT LOANS. (a) Except as provided by Subsection (c),
the board may issue a student loan under the Federal Family
Education Loan Program (20 U.S.C. Section 1071 et seq.), as
amended, only to a borrower who has been or will be issued a student
loan under another student loan program administered by the board.
(b) The board may service any outstanding student loans
issued by the board under the Federal Family Education Loan
Program.
(c) The board may issue student loans under the Federal
Family Education Loan Program to borrowers other than borrowers
described by Subsection (a) if the commissioner of higher education
determines that market conditions warrant the issuance of those
loans.
Added by Acts 2003, 78th Leg., ch. 820, § 46, eff. Sept. 1, 2003.
Section: 52.34 52.35 52.36 52.37 52.38 52.39 52.40 52.41 52.501 52.51 52.52 52.521 52.53 52.54 52.541
Last modified: August 10, 2007
|
