1. (a) A disclosure made under this subchapter shall include estimates of:

   1. (1) the unpaid amount of federal and state student loans incurred by the student, with each type of loan identified;
   2. (2) the total payoff amount (or a range of that amount), including principal and interest, of the loans described by paragraph (1) of this subsection, based, at a minimum, on a 10-year repayment plan; and
   3. (3) the monthly repayment amount that a student may incur for the repayment of the loans described by paragraph (1) of this subsection, based, at a minimum, on a 10-year repayment plan.
2. (b) Disclosures shall include student loan debt information that the participating higher educational institution receives or otherwise obtains from the United States Department of Education's central database for student aid, currently known as the National Student Loan Data System, which is shared with institutions through the Institutional Student Information Record (ISIR), as well as information that the institution may reasonably collect from its own records.

3. (c) The electronic communication of the disclosure must explain the following:

   1. (1) that the disclosure is not a complete and official record of the student's unpaid student loan debt;
   2. (2) why the disclosure may not be complete or accurate, including an explanation that for a transfer student, the institution's estimates regarding state loans reflect only state loans incurred by the student for attendance at the current institution, and not prior institutions; and
   3. (3) that the institution's estimates are general in nature and are not intended as a guarantee or promise.

Source Note:The provisions of this §24.32 adopted to be effective November 13, 2025, 50 TexReg 7277.