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The purpose of the Doctoral Incentive Loan Repayment Program is to provide student loan repayment assistance
as an incentive to attract members of underrepresented groups to full-time service as faculty members or
administrators at public or private institutions of higher education in Texas.
ELIGIBILITY REQUIREMENTS
ANNUAL LOAN AMOUNTS
The maximum annual repayment amount is $20,000.00, with a $100,000.00 maximum aggregate. Participation in
the program is limited to 5 years. Annual loan repayments are disbursed after verification of eligible
service for a complete academic year, and are made co-payable to the participant and the holder of the
loan. Repayments under this program are considered taxable income by the Internal Revenue Service, and
will be reported as such by the Texas Higher Education Coordinating Board. Approval of applications will
depend upon the availability of funds.
LOANS ELIGIBLE FOR REPAYMENT
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Must be evidenced by a promissory note which
explicitly required the loan proceeds to be used to pay the costs incurred for attending a public
or private institution of higher education, and; |
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Are not being repaid through the Border County
Doctoral Faculty Education Loan Repayment Program administered by the Texas Higher Education
Coordinating Board, and; |
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Must not be in default. |
The
2007-2008 application is now available.
For more information, please visit our websites
www.hhloans.com and
www.collegefortexans.com or call the THECB Loan Services at 1-800-242-3062 (outside Austin), or at 512-427-6340 (Austin area).
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