Texas HB3030 establishes a student loan repayment assistance program for eligible state employees.

HB3030 amends the Education Code to create a program where the Texas Higher Education Coordinating Board provides assistance in repaying eligible student loans for state employees. To qualify, employees must have an income at or below 80% of the statewide median family income, adjusted for family size, and have been employed for at least five years. The board may provide assistance only if the legislature appropriates money specifically for that purpose, or it may use other available appropriations. Assistance is limited to five years and cannot be provided for loans in default.

Texas HB3030 establishes a student loan repayment assistance program for eligible state employees.

HB3030 amends the Education Code to create a program where the Texas Higher Education Coordinating Board provides assistance in repaying eligible student loans for state employees. To qualify, employees must have an income at or below 80% of the statewide median family income, adjusted for family size, and have been employed for at least five years. The board may provide assistance only if the legislature appropriates money specifically for that purpose, or it may use other available appropriations. Assistance is limited to five years and cannot be provided for loans in default.