Sec. 57.44. ELIGIBLE BORROWERS

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(a) In order to be eligible for a loan to be guaranteed under this chapter, a person must be an eligible borrower as provided under the Higher Education Act of 1965, 20 U.S.C. Sec. 1001 et seq., as amended.
(b) For a student borrower to be an eligible borrower, the student borrower must:
(1) be accepted for enrollment or be in good standing, as determined by the institution, at an eligible postsecondary educational institution;
(2) be registered for or enrolled in at least one-half the normal full-time course load, as determined by the institution; and
(3) have executed a promissory note for a loan that is eligible for reinsurance by the United States Department of Education.

Added by Acts 1979, 66th Leg., p. 1711, ch. 706, Sec. 1, eff. Aug. 27, 1979. Amended by Acts 1991, 72nd Leg., ch. 450, Sec. 9, eff. Aug. 26, 1991.

                    
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