In establishing requirements to be met by applicants for student loans authorized by the board under this chapter, the board may not establish standards relating to demonstration of ability to repay a federally insured student loan that are stricter for a certain class of applicants than for other applicants, except in cases where the applicant attends a school with a loan default rate of 15 percent or more.
Tex. Educ. Code § 52.321
STANDARDS CONCERNING ABILITY TO REPAY CERTAIN LOANS
Added by Acts 1989, 71st Leg., ch. 1084, Sec. 2.02, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.