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Texas Statutes (Last Updated: January 4, 2014) |
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EDUCATION CODE |
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Title 3. HIGHER EDUCATION |
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Subtitle A. HIGHER EDUCATION IN GENERAL |
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Chapter 57. GUARANTEED STUDENT LOANS |
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Subchapter C. STUDENT LOANS |
Sec. 57.46. ELIGIBLE INSTITUTIONS
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(a) In order to qualify as an eligible institution under this subchapter, a postsecondary educational institution must:
(1) be an eligible institution for purposes of the Higher Education Act of 1965, as amended; and
(2) be eligible for reinsurance of guaranteed loans by the United States Department of Education.
(b) An otherwise eligible postsecondary educational institution may be located anywhere.
(c) The corporation may suspend or revoke the eligibility of an institution that the corporation determines is not in compliance with this chapter.
(d) An eligible institution may withhold the academic transcript of a student borrower in default on a loan guaranteed under the Higher Education Act of 1965, 20 U.S.C. Sec. 1001 et seq., until notified by the loan holder that the borrower has entered into a satisfactory repayment agreement.