(a) An institution is eligible to participate in the Program if it is:
- (1) an institution of higher education, as defined in §24.1 of this chapter (relating to Definitions);
- (2) a private or independent institution of higher education, as defined in §24.1 of this chapter; or
- (3) a regional education service center established and operated by the Commissioner of Education under Texas Education Code, chapter 8, or another entity that offers an alternative educator certification program, as defined in §24.1 of this chapter.
- (b) Each participating institution shall designate a Program Officer who will act as the Coordinating Board's on-campus agent. This officer shall certify all institutional transactions and activities with regard to the Fund, as defined in §24.1 of this chapter, and shall be responsible for all records and reports reflecting the transactions with respect to the Fund. The Program Officer may authorize other student financial aid officials at the institution to certify College Access Loan Program applications.
- (c) Participating institutions shall promptly report borrower changes in enrollment status to the Coordinating Board directly or to the National Student Clearinghouse.
Source Note:The provisions of this §24.42 adopted to be effective November 13, 2025, 50 TexReg 7278.