PART 1. TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 23. EDUCATION LOAN REPAYMENT PROGRAMS
SUBCHAPTER B. TEACH FOR TEXAS LOAN REPAYMENT ASSISTANCE PROGRAM
19 TAC §23.36
The Texas Higher Education Coordinating Board (Coordinating Board) proposes an amendment to §23.36, concerning the Teach for Texas Loan Repayment Assistance Program. The proposed amendment to §23.36(2) adds language permitting the Commissioner to delegate responsibility for determining the annual loan repayment amount and aligns the description for determining the amount with the description used for other loan repayment programs.
Dr. Charles W. Puls, Deputy Assistant Commissioner for Student Financial Aid Programs, has determined that for the first five years the section is in effect, there will be no fiscal implications to state or local government as a result of enforcing or administering the rule.
Dr. Puls has also determined that for each year of the first five years the section is in effect the public benefit anticipated as a result of administering the section will be a clearer understanding of the requirements of the program. There is no effect on small businesses. There are no anticipated economic costs to persons who are required to comply with the section as proposed. There is no impact on local employment.
Comments on the proposal may be submitted to Charles W. Puls, Ed.D., Deputy Assistant Commissioner, Student Financial Aid Programs, P.O. Box 12788, Austin, Texas 78711, (512) 427-6365, email@example.com. Comments will be accepted for 30 days following publication of the proposal in the Texas Register.
The amendment is proposed under the Texas Education Code, §56.352 which authorizes the Coordinating Board to adopt rules for the administration of Texas Education Code.
The amendment affects Texas Education Code, §56.355.
§23.36.Repayment of Education Loans.
Eligible education loans shall be repaid under the following conditions:
(1) the annual repayment(s) shall be in one disbursement made payable to the holder(s) of the loan(s) or co-payable to the teacher and the holder(s) of the loan(s);
(2) the Commissioner of Higher Education or his or her designee shall determine the maximum annual repayment amount in each fiscal year, taking into consideration the amount of available funding and the number of eligible applicants; and
(3) the teacher shall not receive loan repayment assistance for more than five years.
The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.
Filed with the Office of the Secretary of State on April 26, 2017.
Texas Higher Education Coordinating Board
Earliest possible date of adoption: June 11, 2017
For further information, please call: (512) 427-6104