Texas Education Code - Section 54.0071. Authority Of Institution To Provide Payment Options For Student With Delayed Financial Aid
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§ 54.0071. AUTHORITY OF INSTITUTION TO PROVIDE PAYMENT
OPTIONS FOR STUDENT WITH DELAYED FINANCIAL AID. (a) The governing
board of an institution of higher education may postpone the due
date for the payment of all or part of the tuition and fees for a
student for a semester or summer session in which the student will
receive one or more delayed financial aid awards if:
(1) the student has not received the awards by the
regular due date for payment of the tuition and fees; and
(2) the student agrees to assign to the institution a
portion of the awards equal to the amount of tuition and fees for
which the due date is postponed.
(b) A postponed due date under Subsection (a) applies only
to the portion of tuition and fees to be covered by the student's
delayed financial aid awards. When the financial aid awards become
available, a governing board that postpones a due date under this
section shall apply the awards toward the amount of tuition and fees
due and immediately release any remaining amount of the awards to
the student.
(c) If after the due date for a student's tuition and fees is
postponed under this section the student becomes ineligible to
receive one or more of the delayed financial aid awards, or the
amount awarded is less than the amount of tuition and fees due, the
governing board shall provide the student a reasonable period, not
to exceed 30 days, to pay the unpaid amount of tuition and fees. The
board may deny a student credit for work done in the semester or
summer session if the student fails to pay the tuition and fees by
the end of that period.
(d) The Texas Higher Education Coordinating Board shall
prescribe procedures for the administration of this section.
(e) If a student with delayed financial aid awards has
elected to pay tuition and fees by installment as permitted by
Section 54.007 and if the governing board elects to postpone the due
date for the student's tuition and fees as authorized by this
section, the governing board in the manner provided by this section
shall postpone the due date for each installment payment that
becomes due before the student receives the awards.
Added by Acts 2005, 79th Leg., ch. 1181, § 11, eff. Sept. 1,
2005.
Section: 54.002 54.003 54.004 54.005 54.006 54.0065 54.007 54.0071 54.008 54.009 54.010 54.011 54.012 54.013 54.014
Last modified: August 10, 2007
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