Texas 2013 - 83rd Regular

Texas House Bill HB1892

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

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

Impact

This legislation will empower the TGSLP to expand its role in the administration and coordination of financial aid programs, including improvements in financial literacy education and student loan default prevention initiatives. The bill outlines the responsibility of the TGSLP in fostering collaboration with state agencies and educational institutions to effectively disseminate information about available financial assistance and services designed to support borrowers throughout the life of their loans, thereby reducing loan default rates.

Summary

House Bill 1892 revises the composition and functions of the Texas Guaranteed Student Loan Corporation (TGSLP). The bill emphasizes the state's commitment to promote postsecondary education by ensuring that financial barriers are minimized for qualified Texans seeking to advance their education. It aims to streamline administration within the TGSLP, focusing on enhancing services related to student financial aid and engagement in revenue-generating activities that do not conflict with its primary mission of supporting educational accessibility.

Sentiment

Overall sentiment regarding HB1892 appears to be positive, particularly among stakeholders interested in promoting higher education access and addressing the challenges of student debt. Proponents argue that the bill will lead to better management of student loan programs, which is essential in a time when many students struggle with repayment. However, concerns may arise surrounding the effectiveness of the TGSLP's expanded responsibilities and whether adequate resources will be allocated to allow for its successful implementation.

Contention

Some points of contention may include the adequacy of oversight and transparency of the TGSLP as it engages in additional revenue-generating activities while maintaining its focus on supporting student financial aid. Questions may also arise about how the bill's provisions will be monitored to ensure they align with the overarching goals of enhancing educational opportunities without overshadowing the concerns related to loan defaults and the associated financial literacy.

Companion Bills

TX SB653

Identical Relating to the composition and functions of the Texas Guaranteed Student Loan Corporation.

Previously Filed As

TX SB36

Relating to the establishment and operation of the Texas B-On-time student loan program; authorizing a fee.

TX HB1515

Relating to the continuation and functions of and certain programs subject to rules adopted by the Texas Economic Development and Tourism Office.

TX HB1520

Relating to the continuation and functions of the Texas Juvenile Justice Department and the functions of the office of independent ombudsman for the Texas Juvenile Justice Department.

TX SB1940

Relating to the continuation and functions of the Texas Economic Development and Tourism Office.

TX HB2476

Relating to the adoption of a veterans' land bank program by the Texas State Affordable Housing Corporation.

TX SB1727

Relating to the continuation and functions of the Texas Juvenile Justice Department, the functions of the office of independent ombudsman for the Texas Juvenile Justice Department, and the powers and duties of the office of inspector general of the Texas Juvenile Justice Department.

TX SB532

Relating to providing mental health services information to certain higher education students and to the repayment of certain higher education loans.

TX HB1530

Relating to the continuation and functions of the Texas Commission on Law Enforcement.

TX HB2168

Relating to measures to prepare students to teach bilingual education, English as a second language, or Spanish.

TX SB1445

Relating to the continuation and functions of the Texas Commission on Law Enforcement; authorizing a fee.

Similar Bills

TX SB40

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

TX HB3587

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

TX SB653

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

CA AB2459

Postsecondary education: student housing: data collection.

CO HB1038

Postsecondary Credit Transfer Website

LA SB261

Provides for public postsecondary education transfer pathways. (gov sig)

CA AB1343

School employees: social workers.

PA HB1267

In tuition account program, further providing for declaration of policy, for definitions, for Tuition Account Programs Bureau, for powers of department, for Tuition Account Guaranteed Savings Program, for Tuition Account Investment Program, for general provisions governing both tuition account programs and for Federal taxation; establishing the Keystone Scholars Grant Program and the Keystone Scholars Grant Program Account; and making a repeal.