19 Tex. Admin. Code § 22.51 - Loan Interest
(a) FSL. The
interest rate charged for loans shall be determined from time to time by the
Commissioner, shall be simple interest, and shall accrue on the outstanding
principal from the date of disbursement. FSLs made pursuant to this subchapter
are eligible for interest subsidy and interest is charged to the borrower in
accordance with the Higher Education Act of 1965, as amended,
20
U.S.C. §§
1071-
1087-4,
and 34 Code of Federal Regulations Part 682.
(b) CAL. The interest rate charged for loans
shall be set from time to time by the Commissioner, shall be simple interest,
and shall begin to accrue on the outstanding principal from the date of
disbursement. These loans are not eligible for interest subsidy.
(c) HEAL. The interest rate charged for loans
shall be determined from time to time by the Commissioner, and interest shall
accrue on the outstanding principal from the date of disbursement.
(d) HELP. The interest rate charged for loans
shall be determined from time to time by the Commissioner, and interest shall
accrue on the outstanding principal.
Notes
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