Texas § 56.053 TERMS.

Texas Statutes

§ 56.053 — TERMS.

Texas § 56.053

Code EDEducation Code

This text of Texas § 56.053 (TERMS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 56.053 (2026).

Text

Sec. 56.053. TERMS.

(a)The governing board of each institution shall adopt rules providing for the terms of the loan, subject to the following:

(1)the loan must be repaid over a period not to exceed 90 days for a loan made for a regular semester or long summer session or over a proportionately shorter period for loans made for a six-week summer session;

(2)the loan must be evidenced by a written or electronic agreement providing for one of the following:

(A)interest on the loan at a rate of not more than five percent per year; or

(B)an origination fee of not more than 1.25 percent of the amount of the loan; and

(3)the loan amount per student may not exceed an amount equal to the tuition, mandatory fees, and cost of textbooks for the courses in which the student is actually enrolling.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 56.053. TERMS. (a) The governing board of each institution shall adopt rules providing for the terms of the loan, subject to the following:
(1) the loan must be repaid over a period not to exceed 90 days for a loan made for a regular semester or long summer session or over a proportionately shorter period for loans made for a six-week summer session;
(2) the loan must be evidenced by a written or electronic agreement providing for one of the following:
(A) interest on the loan at a rate of not more than five percent per year; or
(B) an origination fee of not more than 1.25 percent of the amount of the loan; and
(3) the loan amount per student may not exceed an amount equal to the tuition, mandatory fees, and cost of textbooks for the courses in which the student is actually enrolling.
(b) The loan program must provide for making loans to students whose tuition is paid on a basis other than semester credit hours, and must provide loan terms analogous to the terms for students paying tuition on the basis of semester credit hours.

Legislative History

Added by Acts 1985, 69th Leg., ch. 708, Sec. 15(a), eff. Aug. 26, 1985. Amended by Acts 2001, 77th Leg., ch. 80, Sec. 3, eff. May 14, 2001; Acts 2001, 77th Leg., ch. 655, Sec. 6, eff. Sept. 1, 2001. Amended by: Acts 2007, 80th Leg., R.S., Ch. 987 (S.B. 1232 ), Sec. 2, eff. June 15, 2007. Acts 2011, 82nd Leg., R.S., Ch. 844 (H.B. 3578 ), Sec. 2, eff. June 17, 2011.