Texas Administrative Code › Title 19 - EDUCATION › Part 1 - TEXAS HIGHER EDUCATION COORDINATING BOARD › Chapter 22 - STUDENT FINANCIAL AID PROGRAMS › Subchapter C - HINSON-HAZLEWOOD COLLEGE STUDENT LOAN PROGRAM › Section 22.44 - Definitions

Current through Reg. 49, No. 28; July 12, 2024
In addition to the words and terms defined in Texas
					 Administrative Code, §
										22.1 of
					 this title (relating to Definitions) the following words and terms, when used
					 in this subchapter, shall have the following meanings, unless the context
					 clearly indicates otherwise.
(1)
				  Alternative Educator Certification Program--an approved educator preparation
				  program, delivered by entities approved by the State Board for Educator
				  Certification under the provisions of Texas Administrative Code, §
										228.10 of this
				  title (relating to Approval Process), specifically designed as an alternative
				  to a traditional undergraduate certification program, for individuals already
				  holding at least a baccalaureate degree.
(2) CAL --College Access Loan
				  Program.
(3) Cosigner/Accommodation
				  Party--one who signs a student loan promissory note and thereby assumes
				  liability for the debt and all fees and expenses associated with the note, who
				  is not a direct beneficiary of the proceeds of the loan.
(4) Default--the failure of a borrower and
				  cosigner, if any, to make loan installment payments when due for a total of 180
				  days for CAL and HELP loans and 270 days for FFELP and HEAL loans.
(5) Deferment--any period during which a
				  borrower, upon adequate showing of entitlement under the terms of the
				  particular lending program, shall be eligible to suspend payments.
(6) FFELP--the Federal Family Education Loan
				  Program, formerly the Guaranteed Student Loan Program, authorized by the Higher
				  Education Act of 1965, as amended,
				  20
				  U.S.C. §§
											1071-
				  1087-4.
				  Included in the FFELP are Federal Stafford Loans and Federal Supplemental Loans
				  for Students.
(7)
				  Forbearance--discretionary permission from the Commissioner or his designees
				  that allows a borrower to cease payments temporarily, or allows an extension of
				  time for making payments, or temporarily reduces the payment amount from the
				  amount that was previously scheduled.
(8) FSL--the Robert T. Stafford Federal
				  Student Loan Program to be known as "Federal Stafford Loans," formerly known as
				  Stafford Loans and Guaranteed Student Loans, which included Federal Insured
				  Student Loans. FSLs are made under provisions of the Federal Family Education
				  Loan Program; but, for purposes of this subchapter, the acronym FSL will
				  designate those rules specific to FSL.
(9) FSLS--Federal Supplemental Loans for
				  Students, formerly known as Supplemental Loans for Students and Auxiliary Loans
				  for Students. The FSLS are made under provisions of the Federal Family
				  Education Loan Program; but, for purposes of this subchapter, the acronym FSLS
				  will designate those rules specific to FSLS.
(10) Fund--the Texas Opportunity Plan Fund as
				  created by the Constitution of the State of Texas, Article III, 50b; the
				  Student Loan Revenue Bond Fund authorized in the Texas Education Code, Chapter
				  56, Subchapter H; and/or the Student Loan Auxiliary Fund, authorized in the
				  Texas Education Code, Chapter 52, Subchapter F.
(11) HEAL --Health Education Assistance Loan
				  Program authorized by the Public Health Service Act, as amended,
				  42 U.S.C. §§
											292-
				  292y.
(12) HELP--Health Education Loan
				  Program.
(13) Hinson-Hazlewood
				  College Student Loan Program, or Program--the commonly used name for the Board
				  program which provides and administers FFELP, CAL, HEAL, and HELP student loans
				  under the authority of Texas Education Code, §§
										52.31
				  -
				  52.40.
(14) Regional Education Service Center--a
				  center established and operated by the Commissioner of Education under Texas
				  Education Code, Chapter 8.