SECTION 22.637. Repayment of Loans

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(a) The Teach for Texas Conditional Grant shall be repaid in installments over a period of not more than ten years from the date the grant becomes a loan.
(b) A recipient shall begin making payments within sixty days of the date on which the Teach for Texas Conditional Grant becomes a loan.
(c) The repayment amount shall be based upon the proportion of the remaining unfulfilled service obligation.
(d) The minimum repayment amount is $1,200 annually or an amount required to repay the loan within 10 years, whichever is greater.

Source Note: The provisions of this §22.637 adopted to be effective November 26, 2001, 26 TexReg 9614; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739

                    
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