Wednesday, January 26, 2011

Texas Education Code, Sections 56.011 and 56.012

For those of you with kids in college or getting ready to attend college you better read this information of these two sections. Apparently this has been going on for years and just this last year our great Texas House deemed it necessary to make it required that parents are informed of these charges.

What financial assistance set-asides were required in HB 3015?
While authorizing the increase in designated tuition, HB 3015 also added TEC Sections 56.011 and 56.012, which require universities to set-aside at least 15 percent of the amount of resident undergraduate and graduate designated tuition charges in excess of $46 per SCH. This set-aside is to be used to provide financial assistance for undergraduate or graduate students and is intended to lessen the impact of tuition deregulation. Universities are also required to set-aside an additional 5 percent of undergraduate resident designated tuition over $46 per SCH to fund the Texas B-on-Time Student Loan Program. The total financial aid set-asides (not including BOT) for fiscal years 2005-2008 was $248 million for undergraduates and $48 million for graduate students.

Article regarding tuition set asides by Shaw A. Johnson

1 comment:

wheatgerm said...

its called get a job don't set aside