Texas House Bill HB3587

Texas 2011 - 82nd Regular

• Introduced: 3/11/11
• Refer: 3/23/11

Caption

Relating to the functions of the Texas Guaranteed Student Loan Corporation.

Impact

The bill's provisions intend to strengthen the operations of the Texas Guaranteed Student Loan Corporation, potentially altering responsibilities and expanding services offered to borrowers. This could lead to a more streamlined approach for students needing loans, as well as improved cooperation among state agencies to address issues related to delinquent loans and to facilitate better repayment options. Furthermore, the new measures may enhance the overall support structure for students facing financial difficulties, promoting greater educational attainment across Texas.

Summary

House Bill 3587 is an act that focuses on the functions of the Texas Guaranteed Student Loan Corporation. It aims to enhance the corporation's ability to administer student loan programs and facilitate access to postsecondary education for qualified individuals. The bill emphasizes the importance of financial support for students and families, aiming to create pathways for those with economic barriers to pursue education beyond high school. Key provisions include modifications to policies regarding student loan administration and the incorporation of financial literacy education within the loan process.

Sentiment

The general sentiment around HB 3587 appears to be positive among advocates of educational equity, as it focuses on increasing access to education for underprivileged students. However, there may also be concerns regarding the implementation and operational efficiency of the expanded mandate of the Texas Guaranteed Student Loan Corporation. Stakeholders may express varying levels of support depending on how effectively the bill is expected to be enacted and how it may affect existing educational structures.

Contention

A notable point of contention could revolve around the expected effectiveness of increased funding and the administration of expanded services. Critics might raise concerns about the sustainability of such enhancements and whether the proposed changes truly address the root issues of loan defaults and financial literacy among students. The balance between expanding access to education and ensuring responsible borrowing practices will likely be a central theme in any discussions or debates surrounding the implementation of this bill.