Subject to the requirements in §24.45 of this subchapter (relating to Loan Amount and Interest Rate), the Coordinating Board may authorize, or cause to be authorized, a College Access Loan to a student at any eligible institution which certifies that the student meets program qualifications, if the student:

1. (1) is a Resident of Texas, as defined in §22.1 of this title (relating to Definitions);

2. (2) has been accepted for or is currently enrolled at least half-time at a participating institution in:

   1. (A) a degree or certificate program, as defined in §24.1 of this chapter (relating to Definitions); or
   2. (B) an approved alternative educator certification program, as defined in §24.41 of this subchapter (relating to Definitions);
3. (3) has insufficient resources to finance his or her education, as defined in §24.1 of this chapter;
4. (4) meets applicable standards outlined in §22.3 of this title (relating to Student Compliance with Selective Service Registration);
5. (5) has provided the name and contact information for two references who live at separate addresses and are expected to know the student's current address at all times throughout the life of the loan;
6. (6) is making satisfactory academic progress, as determined by the institution, toward the student's educational goals; and
7. (7) has received a favorable credit report evaluation, as defined in §24.1 of this chapter, or has obtained the signature of a qualified cosigner who has received a favorable credit report evaluation.

Source Note:The provisions of this §24.43 adopted to be effective November 13, 2025, 50 TexReg 7278.