Texas Senate Bill SB27

Texas 2013 - 83rd Regular

• Filed: 11/12/12

Caption

Relating to the Texas B-On-time student loan program.

Impact

The implications of SB27 are significant for students seeking financial assistance in Texas. By updating the definitions for 'eligible institutions' and streamlining the eligibility criteria, the bill aims to make the B-On-time loan program more accessible. It intends to support students from diverse educational backgrounds, including those from independent institutions and students who may not have met previous stricter financial criteria. This change is expected to enhance educational opportunities for many Texans, specifically targeting those pursuing degrees in higher education.

Summary

SB27, relating to the Texas B-On-time student loan program, seeks to amend existing statutes to refine the eligibility and continuation requirements for student loans aimed at helping individuals complete their baccalaureate degrees. The bill specifically focuses on removing certain restrictions on loan amounts and stipulating the conditions under which students can qualify and maintain their loan eligibility. This includes academic performance standards, such as maintaining a certain GPA and completing a minimum number of credit hours each semester.

Contention

There are notable points of contention surrounding SB27. Critics may argue that while the bill expands access to loans, it could lead to increased financial burdens on students who take on loans without fully understanding the responsibility of repayment. Additionally, discussions may arise regarding the bill's potential implications for public funding and whether it adequately addresses the needs of underprivileged students or those in high-demand fields. There is a concern that merely broadening eligibility may not resolve underlying issues related to student loan debt and accessibility in higher education.