HB 3030
AN ACT relating to student loan repayment assistance for certain state
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Establishes a student loan repayment assistance program for certain state employees, including judicial and legislative branch workers who earn at or below 80% of the statewide median family income. Eligible employees must have worked for at least five years and can receive loan repayment assistance for student loans from various educational institutions, with the amount and assistance determined by the Texas Higher Education Coordinating Board, subject to available funding and gifts/grants.
Subject Areas
Bill Text
relating to student loan repayment assistance for certain state BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 61, Education Code, is amended by adding Subchapter N to read as follows: SUBCHAPTER N. REPAYMENT OF EDUCATION LOANS FOR CERTAIN STATE Sec. 61.7305. DEFINITION. In this subchapter, "state employee" means an individual, other than a state officer as defined by Section 572.002, Government Code, who is employed by: (2) the Supreme Court of Texas, the Court of Criminal Appeals of Texas, a court of appeals, or the Texas Judicial Council; (3) either house of the legislature or a legislative agency, council, or committee, including the Legislative Budget Board, the Texas Legislative Council, the State Auditor's Office, and the Legislative Reference Library. Sec. 61.731. LOAN REPAYMENT ASSISTANCE AUTHORIZED. The board shall provide, in accordance with this subchapter and board rules, assistance in the repayment of eligible student loans for eligible state employees who apply and qualify for the assistance. Sec. 61.732. ELIGIBILITY. To be eligible to receive loan repayment assistance under this subchapter, a person must: (1) apply to the board in a manner prescribed by the (2) have an income at or below 80 percent of the statewide median family income, adjusted for family size, that is established by the United States Department of Housing and Urban (3) at the time of application for repayment assistance have been employed for at least five years as, and be currently employed as, a state employee. Sec. 61.733. LIMITATIONS. A state employee may receive loan repayment assistance under this subchapter for not more than Sec. 61.734. ELIGIBLE LOANS. (a) The board may provide loan repayment assistance under this subchapter for the repayment of any student loan for education at an institution of higher education, a private or independent institution of higher education, or a public or private out-of-state institution of higher education accredited by a recognized accrediting agency, including loans for undergraduate education, received by an eligible person through any lender. (b) The board may not provide repayment assistance for a student loan that is in default at the time of the person's (c) In each state fiscal biennium, the board shall attempt to allocate all money appropriated to the board for the purpose of providing loan repayment assistance under this subchapter. Sec. 61.735. REPAYMENT. (a) The board shall deliver any repayment under this subchapter in a lump sum payable: (1) to both the lender or other holder of the loan and (2) directly to the lender or other holder of the loan on the state employee's behalf. (b) A repayment under this subchapter may be applied to any amount due in connection with the loan. Sec. 61.736. AMOUNT OF REPAYMENT ASSISTANCE. (a) A state employee may receive loan repayment assistance under this subchapter in an amount determined by the board. (b) The total amount of loan repayment assistance awarded under this subchapter may not exceed the sum of: (1) the total amount of gifts and grants accepted by the board for the repayment assistance; (2) legislative appropriations for the repayment (3) other money available to the board for the Sec. 61.737. RULES; ADMINISTRATION. (a) The board shall adopt rules necessary to administer this subchapter. (b) The board shall distribute to each institution of higher education or private or independent institution of higher education and to any appropriate state agency and professional association copies of the rules adopted under this section and other pertinent information relating to this subchapter. (c) The board shall administer the program under this subchapter in a manner that maximizes any matching funds available (d) A reasonable amount, not to exceed three percent, of any money appropriated for purposes of this subchapter may be used to pay the costs of administering this subchapter. Sec. 61.738. SOLICITATION AND ACCEPTANCE OF MONEY. The board may solicit and accept gifts and grants from any public or private source for the purposes of this subchapter. SECTION 2. The Texas Higher Education Coordinating Board is required to provide assistance in the repayment of eligible student loans for eligible state employees as provided by this Act only if the legislature appropriates money specifically for that purpose. If the legislature does not appropriate money specifically for that purpose, the board may, but is not required to, provide assistance in the repayment of eligible student loans for eligible state employees as provided by this Act using other appropriations SECTION 3. This Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to student loan repayment assistance for certain state
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