Texas § ED.56.055 - DEFERRED REPAYMENT
Full text of Texas The Texas Constitution § ED.56.055 — DEFERRED REPAYMENT, with citation guidance and answers to common questions.
§ ED.56.055. DEFERRED REPAYMENT
DEFERRED REPAYMENT. (a) It is the goal of this state that no resident be denied the opportunity to receive an education in a public institution of higher education due to a lack of financial ability. Accordingly, on a finding that a resident would be deprived of an education due to a lack of financial ability, an institution shall defer repayment of emergency loans under this section. The deferral provided for by this section is not a property right of the borrower. (b) The deferred repayment must begin on the earlier of the following dates: (1) the first day of the ninth month after the last month in which the borrower was enrolled in a public institution of higher education; or (2) the fifth anniversary of the date on which the loan was executed. (c) Under rules adopted by the coordinating board, an institution may extend the time for repayment of undergraduate loans made to students who later enroll in a graduate or professional program at an institution of higher education. The coordinating board shall adopt guidelines for determinations of extreme financial hardship and other instances in which the public interest is served if a loan is forgiven. Each institution shall forgive loans in accordance with those guidelines. Added by Acts 1985, 69th Leg., ch. 708, Sec. 15(a), eff. Aug. 26, 1985. SUBCHAPTER E. TEXAS COLLEGE WORK-STUDY PROGRAM
Frequently Asked Questions About Texas § ED.56.055
What does The Texas Constitution § ED.56.055 cover?
Section ED.56.055 ("DEFERRED REPAYMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.56.055?
A common citation format is "The Texas Constitution § ED.56.055" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.56.055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.