Texas Education Code - Section 57.44. Eligible Borrowers
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§ 57.44. ELIGIBLE BORROWERS. (a) In order to be eligible
for a loan to be guaranteed under this chapter, a person must be an
eligible borrower as provided under the Higher Education Act of
1965, 20 U.S.C. § 1001 et seq., as amended.
(b) For a student borrower to be an eligible borrower, the
student borrower must:
(1) be accepted for enrollment or be in good standing,
as determined by the institution, at an eligible postsecondary
educational institution;
(2) be registered for or enrolled in at least one-half
the normal full-time course load, as determined by the institution;
and
(3) have executed a promissory note for a loan that is
eligible for reinsurance by the United States Department of
Education.
Added by Acts 1979, 66th Leg., p. 1711, ch. 706, § 1, eff. Aug.
27, 1979. Amended by Acts 1991, 72nd Leg., ch. 450, § 9, eff.
Aug. 26, 1991.
Section: 57.211 57.22 57.23 57.24 57.41 57.42 57.43 57.44 57.45 57.46 57.461 57.47 57.471 57.48 57.481
Last modified: August 10, 2007
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