(a) Eligible higher educational institution means an
institution of higher education or a private or independent institution
of higher education, as defined by Texas Education Code §61.003,
that:
(1) is located in this state; and
(2) complies with the rules of the board promulgated
in accordance with this subchapter and guidance issued under this
authority.
(b) Each eligible institution shall designate a full-time
administrative official of the institution who will act as the Board's
on-campus agent. This officer shall certify all institutional transactions
and activities with respect to the Program and shall be responsible
for all records and reports reflecting the transactions with respect
to the Program. The Program Officer may authorize other student financial
aid officials at the institution to certify applications through this
Program.
(c) Each eligible institution shall promptly report
student borrower changes in enrollment status to Board Staff directly
or to the National Student Clearinghouse.
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