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RULE §21.227 Qualifications for Loans

Published: 2015

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(a) Criteria. The commissioner may authorize, or cause to be authorized, loans to qualified students at any eligible institution, provided the applicant:   (1) is a resident of Texas as defined in these regulations;   (2) has a grade point average of at least 3.0 on a 4.0 scale in courses taken while enrolled at least half time at an institution of higher education and completed not later than the semester before the semester in which the loan is awarded;   (3) has been accepted for admission into an approved teacher education program;   (4) has established, under criteria adopted by the State Board of Education, that he or she is preparing to teach a primary or secondary grade subject considered to be in critical need of teachers;   (5) has established financial need;   (6) is carrying at least one-half of the normal full-time workload as determined by said
institution;   (7) has provided the fund with a statement of the institution which sets forth a schedule of the tuition and fees applicable to that student and its estimate of the cost of room and board for such a student;   (8) has been recommended by two adults in his or her home community who have known him or her for at least two years and who are not relatives or students;   (9) has provided the board with the name and address of the person who will cosign the borrower's promissory note;   (10) has been counseled by the Future Teacher Loan Program officer regarding obligations and responsibilities to the loan program and has signed a statement acknowledging such;   (11) has complied with such other provisions of these rules as are required; and   (12) has not defaulted on other student loans. (b) Authorization of loans. The commissioner may authorize, or
cause to be authorized, loans from the fund to qualified students at any eligible institution, provided there is on file with the commissioner:   (1) a certification by the eligible institution that each applicant meets the qualifications for a loan as provided in subsection (a) of this section and a recommendation by the Future Teacher Loan Program officer that a loan from the fund be made;   (2) any supplemental information that may be required;   (3) an institutional certification that, in the best opinion of the Future Teacher Loan Program officer, the student can reasonably be expected to repay the loan in a timely manner, along with other amounts that he or she may owe, in a maximum period of 10 years after entering repayment status. (c) Duplication of aid prohibited. Under no circumstances is a person to be considered for a future teacher loan if he or she receives a teacher education loan during the same
registration period.

Source Note: The provisions of this §21.227 adopted to be effective December 17, 1984, 9 TexReg 6130.