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Senate Bill 1799 |
Senate Author: West |
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Effective: 6-15-17 |
House Sponsor: Clardy |
Senate Bill 1799 amends the Education Code to temporarily require the Texas Guaranteed Student Loan Corporation to administer the student loan default prevention and financial aid literacy pilot program in accordance with an agreement the Texas Higher Education Coordinating Board and submit to the governor, the lieutenant governor, and the speaker of the house of representatives any annual or end of program report the corporation submits to the U.S. Department of Education in administering the program. The bill removes career schools or colleges as a category of postsecondary educational institution from which at least one institution must be selected to participate in the program and changes the institutions receiving priority in selection for program participation from institutions that meet certain student loan default rate criteria to institutions that are recognized by the U.S. Department of Education as minority‑serving institutions. The bill repeals certain provisions relating to the role of the coordinating board in administering the program.