Section 22.51 - Loan Interest(a) FSL. The interest rate charged for loans shall be determined from time to time by the Commissioner, shall be simple interest, and shall accrue on the outstanding principal from the date of disbursement. FSLs made pursuant to this subchapter are eligible for interest subsidy and interest is charged to the borrower in accordance with the Higher Education Act of 1965, as amended, 20 U.S.C. §§ 1071- 1087-4, and 34 Code of Federal Regulations Part 682.(b) CAL. The interest rate charged for loans shall be set from time to time by the Commissioner, shall be simple interest, and shall begin to accrue on the outstanding principal from the date of disbursement. These loans are not eligible for interest subsidy.(c) HEAL. The interest rate charged for loans shall be determined from time to time by the Commissioner, and interest shall accrue on the outstanding principal from the date of disbursement.(d) HELP. The interest rate charged for loans shall be determined from time to time by the Commissioner, and interest shall accrue on the outstanding principal.19 Tex. Admin. Code § 22.51
The provisions of this §22.51 adopted to be effective May 22, 2003, 28 TexReg 3950; transferred from 21.60 Texas Register, Volume 42, Number 20, May 19, 2017, TexReg 2739, eff. 5/22/2017; Amended by Texas Register, Volume 44, Number 48, November 29, 2019, TexReg 7381, eff. 12/5/2019