(a) Subject to the requirement in subsection (b) of
this provision, the Commissioner may authorize, or cause to be authorized,
Hinson-Hazlewood College Student Loans 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 these regulations;
(2) has been accepted for regular, non-probationary
enrollment at an eligible institution and is adjudged by the institution
to have the ability to benefit from the instruction or training to
be provided; or, in the case of a student already attending such institution,
is in good standing and is making satisfactory progress toward his
or her educational goals as determined by the institution;
(3) is enrolled in at least one half of the normal
full-time course workload as determined by the institution;
(4) has provided the Board with a statement of the
estimated cost of attendance at the institution for that student;
(5) has insufficient resources to finance his or her
education;
(6) 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;
(7) has signed a promissory note acknowledging his
or her obligations and responsibilities to the fund;
(8) for CAL, has received a favorable evaluation of
his/her credit report or has obtained the signature of a qualified
cosigner/accommodation party who has received a favorable evaluation
of his/her credit report;
(9) for FSLP, has been issued or will be issued a student
loan under any loan program administered by the Board.
(b) When certifying a non-guaranteed loan, the institution
shall certify that the amount of the loan does not exceed the difference
between the cost of attendance and the financial resources available
to the applicant, including the applicant's scholarships, gifts, grants,
and other financial aid. The student's maximum eligibility for Federal
Direct Loans, with the exception of Federal Plus loans, must be considered
as other financial aid, whether or not the student actually receives
such assistance.
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Source Note: The provisions of this §22.46 adopted to be effective May 22, 2003, 28 TexReg 3950; amended to be effective December 7, 2003, 28 TexReg 10756; amended to be effective November 28, 2005, 30 TexReg 7855; amended to be effective August 15, 2006, 31 TexReg 6332; amended to be effective August 16, 2007, 32 TexReg 4976; amended to be effective May 21, 2008, 33 TexReg 3939; amended to be effective August 30, 2016, 41 TexReg 6482; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739; amended to be effective December 5, 2019, 44 TexReg 7381 |