SECTION 22.179. Eligibility of Students

(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.

Source Note: The provisions of this §22.179 adopted to be effective January 1, 2023, 47 TexReg 8983