Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 44 creates the Texas B-On-time Loan Program to offer no-interest loans for baccalaureate degree programs at public higher education institutions. It sets eligibility and academic requirements for loan recipients, outlines terms for loan forgiveness based on timely graduation, and authorizes a loan origination fee to fund the program. The bill also specifies the administration of funds and reporting obligations for the program.
Author (1)