1. (a) The Coordinating Board may authorize, or cause to be authorized, loans through the Program to students at any eligible institution that 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) is enrolled in an eligible high-demand credential program, as defined in §24.51 of this subchapter (relating to Definitions), and is determined by the student's institution to be able to complete the credential program within two years after receiving a loan under this Program;
   3. (3) has insufficient resources to finance the student's education, as defined in §24.1 of this chapter (relating to Definitions);
   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 toward the eligible high-demand credential as determined by the institution; 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.
2. (b) For students enrolled in degree programs, the student must have completed at least 50 percent of the required coursework prior to receiving a loan through the Program.
3. (c) For students enrolled in non-degree programs, the program's duration must be less than two years.
4. (d) Students enrolled in master's degree coursework are eligible for this Program if the master's degree is part of a combined baccalaureate-master's program approved by the institution of higher education. The student's combined baccalaureate-master's program is considered a single high-demand credential program for the purposes of paragraph (a)(2) and subsection (b) of this section.

Source Note:The provisions of this §24.53 adopted to be effective November 13, 2025, 50 TexReg 7279.