Sec. 56.355. PAYMENT OF ASSISTANCE. (a) The coordinating board may determine the manner in which Teach for Texas loan repayment assistance is to be paid. The coordinating board may provide for the payment of a portion of the repayment assistance in one or more installments before the person completes a full year of service as a teacher and for the payment of the remainder of the repayment assistance for that year after the completion of the full year of service.
(b) Loan repayment assistance received under this subchapter may be applied to the principal amount of the loan and to interest that accrues.
Amended by Acts 2003, 78th Leg., ch. 820, Sec. 49, eff. Sept. 1, 2003.
Structure Texas Statutes
Subtitle A - Higher Education in General
Chapter 56 - Student Financial Assistance
Subchapter O. Teach for Texas Loan Repayment Assistance Program
Section 56.352. Purpose of Program; Loan Repayment Authorized
Section 56.354. Eligible Loans
Section 56.355. Payment of Assistance
Section 56.357. Teach for Texas Alternative Certification Assistance Program
Section 56.3575. Administration; Rules
Section 56.358. Funding; Allocation of Funding
Section 56.359. Grants and Service Agreements Entered Into Under Former Law; Saving Provision