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TITLE 19EDUCATION
PART 1TEXAS HIGHER EDUCATION COORDINATING BOARD
CHAPTER 22STUDENT FINANCIAL AID PROGRAMS
SUBCHAPTER JFUTURE OCCUPATIONS & RESKILLING WORKFORCE ADVANCEMENT TO REACH DEMAND (FORWARD) LOAN PROGRAM
RULE §22.182Requirements of Cosigner
(a) A cosigner shall:

  (1) be at least 21 years of age or older;

   (2) have a regular source of income;

   (3) have received a favorable evaluation of his/her credit report; and

   (4) reside in the United States or a U.S. territory and be a U.S. citizen or permanent resident of the United States.

 (b) A spouse may not act as the cosigner for the student.

 (c) Cosigners are guarantors of payment and not of collection; it is not necessary for the Board Staff to demonstrate that the borrower is insolvent before it may pursue collection against the cosigner.
Source Note: The provisions of this §22.182 adopted to be effective January 1, 2023, 47 TexReg 8983

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