Texas Administrative Code
Title 19 - EDUCATION
Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD
Chapter 22 - STUDENT FINANCIAL AID PROGRAMS
Subchapter Y - TEACH FOR TEXAS ALTERNATIVE CERTIFICATION CONDITIONAL GRANT PROGRAM
Section 22.673 - Loan Interest
Universal Citation: 19 TX Admin Code ยง 22.673
Current through Reg. 49, No. 38; September 20, 2024
(a) The interest rate on loans shall be determined by the Commissioner and shall be a fixed simple interest rate.
(b) Interest begins to accrue as of the date the grant becomes a loan, or the date the certification program was completed, whichever is earlier.
(c) Interest does not accrue during periods of eligible teaching.
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