By: Springer S.B. No. 1825               A BILL TO BE ENTITLED   AN ACT   relating to the approval of certain private or independent   institutions of higher education to participate in the tuition   equalization grant program.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 61.222, Education Code, is amended by   adding Subsection (e) to read as follows:          (e)  Notwithstanding any other provision of this section,   the coordinating board may not approve an institution under this   section unless, for the preceding academic year:                (1)  provided there is another eligible institution in   the county and if:                            (i)  the institution's average graduation   rate for students graduating within six years of their initial   enrollment at the institution is equal to or greater than the   average six-year graduation rate of institutions of higher   education and private or independent institutions of higher   education as determined by the coordinating board; or                            (ii)  the average amount of student loan   debt at graduation from an undergraduate program at the institution   is equal to or less than the average amount of student loan debt at   graduation from undergraduate programs at institutions of higher   education and private or independent institutions of higher   education as determined by the coordinating board.          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution. If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2021.