Texas HB319 modifies interest rates for student loans issued by the Texas Higher Education Coordinating Board.
Texas HB319 amends the Education Code to change how the Texas Higher Education Coordinating Board sets interest rates for student loans. The board must ensure the rate corresponds to the risk of timely repayment, considering factors like the demand for the degree and projected salary. Interest can be postponed while the student is enrolled. The board may also charge loan origination fees to offset operating expenses. This Act applies to student loans issued starting with the 2026 spring semester and takes effect September 1, 2025.
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