19 Tex. Admin. Code § 23.215 - Amount of Repayment Assistance
(a) The
annual amount of loan repayment assistance that a peace officer may receive for
each service period is the lesser of $4,000 or 20 percent of the total unpaid
eligible education loan balance verified at the time of the initial
application, unless the payoff period for the peace officer's total unpaid
eligible loan balance is fewer than five years.
(b) If the payoff period for the peace
officer's total unpaid eligible loan balance is fewer than five years, the loan
repayment assistance amount will be the total amount of the scheduled payments
due to the holder(s) of the eligible loans for the applicable year.
(c) Loan repayment assistance grants are
contingent on available funding. If in any year the amount of money available
for loan repayment assistance is insufficient to offer the maximum annual loan
repayment assistance amount to all eligible applicants, the Coordinating Board
may reduce award amounts to assist a greater number of peace
officers.
Notes
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