June, 2018
Event Details
Meeting Materials Senate Bill 887, 85th Regular Legislature Rules for Senate Bill 887, Texas Administrative
Event Details
Meeting Materials
Senate Bill 887, 85th Regular Legislature
Rules for Senate Bill 887, Texas Administrative Code, Chapter 21, Subchapter C, Sections 21.45-21.49
PowerPoint Presentation [PDF]
IU Debt Letter Template Debt Letter Template [PDF]
IU Methodology for Compiling the Letter [PDF]
Decoding the Cost of College: The Case for Transparent Financial Aid Award Letters
Event Narrative:
THECB has scheduled a webinar with Indiana University (IU) leadership and staff to assist institutions with implementation of Senate Bill (SB) 887. IU was the first institution in the nation to send students a debt letter to inform them about the amount(s) they borrowed and what they should expect to pay off their loans. SB 887 was modeled after Indiana’s House Bill 1042, which scaled IU’s initiative statewide.
We have asked IU staff to share their experiences with us, and to address key questions we have logged over the last eight months:
- How do you calculate a single interest rate and a single monthly repayment estimate for a 10-year repayment plan if the student has more than one loan, and each of these loans has different repayment terms and conditions?
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What if the institution does not know the interest rate of a private loan? What interest rate should the institution assign to this loan?
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Which data sources should institutions use to efficiently pull debt data? To accurately calculate student indebtedness?
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What can institutions do to ensure that the electronic delivery of the student debt letter complies with FERPA?
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What data systems did IU use to manipulate loan information for the purposes of generating student debt letters? What changes were made to those systems?
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Time
(Monday) 9:30 am - 11:00 am
Location
Webinar
Texas Higher Education Coordinating Board, 1200 E. Anderson Lane, Austin, TX - Webinar
Notices
Gun Notice
Texas Penal Code Section 46.035(c) states: “A license holder commits an offense if the license holder intentionally, knowingly, or recklessly carries a handgun under the authority of Subchapter H, Chapter 411, Government Code, regardless of whether the handgun is concealed or carried in a shoulder or belt holster, in the room or rooms where a meeting of a governmental entity is held and if the meeting is an open meeting subject to Chapter 551, Government Code, and the entity provided notice as required by that chapter.” Thus, no person can carry a handgun and enter the room or rooms where a meeting of the THECB is held if the meeting is an open meeting subject to Chapter 551, Government Code.
Please Note that this governmental meeting is, in the opinion of counsel representing THECB, an open meeting subject to Chapter 551, Government Code and THECB is providing notice of this meeting as required by Chapter 551. In addition, please note that the written communication required by Texas Penal Code Sections 30.06 and 30.07, prohibiting both concealed and open carry of handguns by Government Code Chapter 411 licensees, will be posted at the entrances to this governmental meeting