| (a) Subject to the requirements in §22.183 of
this subchapter (relating to Amount of Loan), Board Staff may authorize,
or cause to be authorized, loans through the Program to students at
any eligible institution which certifies that the student meets program
qualifications, if the student:
(1) is a resident of Texas as defined in Texas Education
Code Chapter 54 and Chapter 21, Subchapter B of this title;
(2) is enrolled in an eligible high-demand credential
program so that the student will be able to complete the credential
program in two years or less;
(3) is in good standing and is making satisfactory
academic progress toward the eligible high-demand credential as determined
by the institution;
(4) has insufficient resources to finance his or her
education;
(5) has provided information on two references who
live at separate addresses and are expected to know the student's
current address at all times throughout the life of the loan;
(6) has signed a promissory note acknowledging his
or her obligations and responsibilities to the fund; and
(7) has received a favorable evaluation of his/her
credit report or has obtained the signature of a qualified cosigner
who has received a favorable evaluation of his/her credit report.
(b) For students enrolled in degree programs, the student
must have completed at least 50% of the required coursework prior
to receiving a loan through the Program.
(c) For students enrolled in non-degree programs, the
program's duration must be less than two years.
(d) Students enrolled in master's degree coursework
are eligible for this Program if the master's degree is part of a
combined baccalaureate-master's program approved by the institution
of higher education.
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