(a) The interest rate charged on Teach for Texas Conditional Grants shall be determined by the Commissioner and shall be a fixed, simple interest rate.
(b) Interest begins to accrue upon the date the grant becomes a loan or the program completion date, whichever is earlier.
(c) Interest does not accrue during of periods of educational deferment.

Source Note: The provisions of this §22.636 adopted to be effective November 26, 2001, 26 TexReg 9614; transferred effective June 1, 2017, as published in the Texas Register May 19, 2017, 42 TexReg 2739