(a) Membership shall consist of financial aid practitioners, public school counselors, and other persons employed in the non-profit sector in roles with responsibility for advising students regarding financial aid.
(b) Membership on the committee will include:
  (1) at least two representatives from the following sectors of higher education: four-year public universities, two-year colleges, and private institutions; and at least one representative from a health-related institution;
  (2) at least one student representative from a public institution of higher education, who serves as a non-voting member;
  (3) at least two representatives of school districts;
  (4) at least one representative from the non-profit sector with responsibility for advising students regarding financial aid; and
  (5) one representative from the Texas Association of Student Financial Aid Administrators (TASFAA), named by the TASFAA Board, who serves as a non-voting member.
(c) Interested persons and legislative and governmental relations staff shall be regularly advised of committee meetings.
(d) The number of committee members shall not exceed twenty-four (24).
(e) Members of the committee shall select:
  (1) the presiding officer, who will be responsible for conducting meetings and conveying committee recommendations to the Board, and who will be selected from the financial aid practitioners serving on the committee; and
  (2) the vice chair, who will succeed the presiding officer at the end of the presiding officer's year of service, and who will be selected from the financial aid practitioners serving on the committee.
(f) Committee members' terms will begin with the first committee meeting of each state fiscal year.
(g) The transition of leadership to the new presiding officer will occur at the end of the first committee meeting of each state fiscal year. The new presiding officer's term will begin with the second committee meeting of each year. If the chair steps down with more than half his or her term remaining, the vice chair will become chair with the option to complete the previous chair's term and his or her own term or choose to only complete the previous chair's term. If the vice chair's decision is to only complete the previous chair's term, the committee shall immediately elect a new vice chair. If less than half the chair's term remains when the chair steps down, the vice chair will complete both terms.
(h) Members shall serve for a term of three years, except that, regardless of the number of years previously on the committee, terms for persons who serve as chair of the committee will include the year as chair and the subsequent year as immediate-past chair; and the terms of persons who serve as vice chair will include the year as vice chair, the subsequent year as chair, and a following year as immediate-past chair of the committee. Student members of the committee will serve two-year terms. The TASFAA representative will serve a one-year term. Persons who have previously served on the committee are eligible to serve again.

Source Note: The provisions of this §1.151 adopted to be effective December 2, 2013, 38 TexReg 8658; amended to be effective August 30, 2016, 41 TexReg 6478; amended to be effective September 10, 2021, 46 TexReg 4849