To be eligible for loan repayment assistance under the doctoral incentive loan repayment program, an individual must:
(1) be employed as a full-time faculty or administration member in a public or independent institution of higher education in this state for at least one year;
(2) be a Texas resident;
(3) be from a group that is underrepresented among the faculty and administration of public and independent institutions of higher education in this state;
(4) have qualified for student financial aid based on financial need while enrolled in a graduate-level degree program; and
(5) comply with any other requirements adopted by the coordinating board for the effective administration of the program.