Chapter 57. Guaranteed Student Loans
Education Code Sections 57.01–57.2105


§ 57.01

The legislature, giving due consideration to the historical and continuing interest of the people of the State of Texas in encouraging deserving...

§ 57.02

In this chapter:(1) "Board" means the board of directors of the corporation.(2) "Corporation" means the Texas Guaranteed Student Loan...

§ 57.11

(a) The Texas Guaranteed Student Loan Corporation is created to administer the programs authorized by this chapter. The corporation is a public...

§ 57.12

(a) The Texas Guaranteed Student Loan Corporation is subject to Chapter 325, Government Code (Texas Sunset Act). Unless continued in existence...

§ 57.13

(a) The corporation is governed by a board of nine directors in accordance with this section.(b) The governor, with the advice and consent of...

§ 57.15

(a) A member of the board vacates the office if the member ceases to be a member of the field from which he or she was appointed.(b) A vacancy...

§ 57.16

Members of the board serve without compensation but are entitled to reimbursement for actual and necessary expenses in attending meetings of the...

§ 57.17

The governor shall designate the chairman from among the board's membership. The board shall elect from among its members a vice-chairman and...

§ 57.18

(a) The board may meet as often as necessary, but shall meet at least twice a year.(b) The board shall develop and implement policies that...

§ 57.19

(a) The board shall appoint a president to serve as chief executive officer in administering the corporation and carrying out the policies of the...

§ 57.20

(a) The corporation shall maintain a system to promptly and efficiently act on complaints filed with the corporation. The corporation shall...

§ 57.21

(a) The corporation shall take an active role in coordinating, facilitating, promoting, and providing assistance and support to:(1) programs...

§ 57.23

Liabilities created by the corporation are not debts of the state and the corporation may not secure any liability with funds or assets of the...

§ 57.41

(a) The corporation shall guarantee loans made to eligible borrowers by eligible lenders as provided by the federal guaranteed student loan...

§ 57.42

The corporation may enter into an agreement with the United States Department of Education for reinsurance against loss under the loan program due...

§ 57.43

The corporation may impose and collect insurance premiums from eligible borrowers in an amount not to exceed the maximum allowable under the...

§ 57.44

(a) In order to be eligible for a loan to be guaranteed under this chapter, a person must be an eligible borrower as provided under the Higher...

§ 57.45

(a) In order to qualify as an eligible lender under this subchapter, the lender must:(1) be an eligible lender for purposes of the Higher...

§ 57.46

(a) In order to qualify as an eligible institution under this subchapter, a postsecondary educational institution must:(1) be an eligible...

§ 57.47

(a) If a student borrower defaults on a loan and the corporation is required to honor the guarantee, the corporation or the Texas Higher...

§ 57.48

(a) Except as provided by Subsection (g), the corporation shall report to the comptroller the name of any person who is in default on a loan...

§ 57.49

Each agency and political subdivision of the state shall cooperate with the corporation in providing information to the agency's or political...

§ 57.50

Neither the corporation nor an eligible lender may discriminate against an eligible student in making a loan or loan guarantee on the basis of...

§ 57.71

The corporation shall establish reserve and operating funds in accordance with Section 422 of the Higher Education Act of 1965 (20 U.S.C. Section...

§ 57.75

All income, property, and other assets of the corporation are exempt from taxation by the state and political subdivisions of the state.Added by...

§ 57.76

(a) At least once each year the corporation shall have a fiscal audit performed by a certified public accountant.(b) A copy of the annual audit...

§ 57.77

(a) The corporation annually shall prepare a written report on the financial and program operations of the corporation. The report shall include...

§ 57.78

All money of the corporation may be invested in accordance with Chapter 2256, Government Code.Added by Acts 1979, 66th Leg., p. 1711, ch. 706,...

§ 57.131

(a) In this section, "Texas trade association" means a cooperative and voluntarily joined statewide association of business or professional...

§ 57.141

(a) It is a ground for removal of an appointed member from the board that the member:(1) does not have at the time of taking office the...

§ 57.211

The corporation may support educational purposes with the approval of the board.Added by Acts 1999, 76th Leg., ch. 967, Sec. 4, eff. June 18,...

§ 57.461

(a) The corporation shall establish:(1) an advisory committee that is composed of 15 members who represent the postsecondary educational...

§ 57.471

In any case under Section 57.47 of this code, the court may refer the case to a master in chancery. All matters relating to the appointment and...

§ 57.481

(a) In this section, "loan default rate" means the rate at which student borrowers default on loans guaranteed by the corporation as determined...

§ 57.482

(a) A state agency, as a ministerial duty, may not use funds inside or outside the state treasury to pay a person or the person's assignee if...

§ 57.491

(a) In this section:(1) "License" means a certificate or similar form of permission issued or renewed by a licensing agency and required by law...

§ 57.761

(a) The board shall appoint an internal auditor for the corporation. The internal auditor serves at the will of the board, and the internal...

§ 57.1311

(a) A person who is appointed to and qualifies for office as a member of the board may not vote, deliberate, or be counted as a member in...

§ 57.2105

The board shall implement a policy requiring the corporation to use appropriate technological solutions to improve the corporation's ability to...

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