- (a) Repayment Period. All loans shall be repaid in accordance with the statutes and regulations governing the Federal Family Education Loan Program.
- (b) Minimum Repayment Amount. The Coordinating Board shall provide a repayment schedule in which all a borrower's FSLS loans are treated as one account, and the repayment amount shall be calculated to repay the full amount over the maximum authorized period. In no case will the minimum annual repayment on the account be less than $600.
- (c) Enforcement of Collection. When a borrower defaults on a FSLS account, the Coordinating Board may file a default claim with the appropriate guarantor.
Source Note:The provisions of this §24.84 adopted to be effective November 13, 2025, 50 TexReg 7280.