(a) The annual repayment(s) shall be in one disbursement
made payable to the servicer(s) or holder(s) of the loan upon the
teacher's completion of each year of qualifying employment.
(b) The Commissioner or his or her designee shall determine
the maximum annual repayment amount in each state fiscal year, taking
into consideration the amount of available funding and the number
of eligible applicants.
(c) A teacher who transfers to a Texas public school
that is not a Title I school after completing four consecutive years
of employment at a Title I school may qualify for no more than 75%
of the annual award amount established for the fiscal year. This award
limitation is applicable only to a teacher who applies for the Program
prior to September 1, 2023.
(d) A teacher who applies for the Program on or after
September 1, 2023, may continue to receive the same amount of loan
repayment assistance provided during the first four years of teaching
service in subsequent years, not to exceed eight years in the Program.
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Source Note: The provisions of this §23.293 adopted to be effective August 30, 2016, 41 TexReg 6484; transferred effective December 15, 2016, as published in the Texas Register November 25, 2016, 41 TexReg 9341; amended to be effective May 16, 2024, 49 TexReg 3279 |