Sec. 61.0763. STUDENT LOAN DEFAULT PREVENTION AND FINANCIAL AID LITERACY PILOT PROGRAM. (a) Not later than January 1, 2014, a pilot program shall be established at selected postsecondary educational institutions to ensure that students of those institutions are informed consumers with regard to all aspects of student financial aid, including:

(1) the consequences of borrowing to finance a student's postsecondary education;

(2) the financial consequences of a student's academic and career choices; and

(3) strategies for avoiding student loan delinquency and default.

(b) At least one institution from each of the following categories of postsecondary educational institutions must be selected to participate in the program:

(1) general academic teaching institutions;

(2) public junior colleges; and

(3) private or independent institutions of higher education.

(c) In selecting postsecondary educational institutions to participate in the pilot program, priority shall be given to institutions that are recognized by the United States Department of Education as minority-serving institutions, including minority institutions under Section 1067k of the Higher Education Act of 1965 (20 U.S.C. Section 1001 et seq.).

(d) Deleted.

(e) Repealed by Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 3, eff. June 15, 2017.

(f) Repealed by Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 3, eff. June 15, 2017.

(g) Repealed by Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 3, eff. June 15, 2017.

(h) This section expires December 31, 2020.

Added by Acts 2013, 83rd Leg., R.S., Ch. 561 (S.B. 680), Sec. 1, eff. June 14, 2013.

Added by Acts 2013, 83rd Leg., R.S., Ch. 1155 (S.B. 215), Sec. 45, eff. September 1, 2013.

Amended by:

Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 1, eff. June 15, 2017.

Acts 2017, 85th Leg., R.S., Ch. 943 (S.B. 1799), Sec. 3, eff. June 15, 2017.