Texas Education Code - Section 61.876. Amount Of Repayment Assistance; Limitations
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Texas Laws > Education Code > Texas Education Code - Section 61.876. Amount Of Repayment Assistance; Limitations
§ 61.876. AMOUNT OF REPAYMENT ASSISTANCE;
LIMITATIONS. (a) For each year that a qualified person serves as
an early childhood child-care worker in this state, the person may
receive loan repayment assistance in an amount not to exceed 15
percent of the total amount of the person's outstanding student
loans, including scheduled interest payments that would become due
if the loan is not prepaid, as of the date the person begins to
receive repayment assistance under this subchapter.
(b) The amount of repayment assistance paid for a year may
not exceed the lesser of:
(1) the actual amount of the loan payments the person
receiving the assistance is required to make for that year; or
(2) an amount set by the board equal to the maximum
amount of resident tuition and required fees paid by a person
enrolled as a full-time student at a general academic teaching
institution for the most recent academic year, excluding summer
sessions.
(c) If money will not be sufficient to provide repayment
assistance to each eligible applicant, the board shall select
persons to receive repayment assistance from the eligible
applicants according to financial need or on another basis the
board considers reasonable to further the purposes of this
subchapter.
(d) The board may determine the manner in which the loan
repayment assistance is to be paid. The board may provide for the
payment of a portion of the repayment assistance in one or more
installments before the person completes a full year of service as
an early childhood child-care worker and for the payment of the
remainder of the repayment assistance for that year after the
completion of the full year of service.
Added by Acts 1999, 76th Leg., ch. 833, § 1, eff. June 18, 1999.
Amended by Acts 2003, 78th Leg., ch. 820, § 28, eff. Sept. 1,
2003.
Section: 61.856 61.857 61.858 61.871 61.872 61.873 61.874 61.876 61.877 61.878 61.879 61.901 61.902 61.904 61.905
Last modified: August 11, 2007
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