(a) If at the time an eligible institution awards TEXAS grants to initial recipients for an academic year an applicant has not completed high school or the applicant’s final high school transcript is not yet available to the institution, the student is considered to have satisfied the eligibility requirements of § 56.304(a)(2)(A) or 56.3041(2)(A) if the student’s available high school transcript indicates that at the time the transcript was prepared the student was on schedule to graduate from high school and to meet the eligibility requirements, as applicable to the student, in time to be eligible for a TEXAS grant for the academic year.
(a-1) If at the time an eligible institution awards TEXAS grants to initial recipients for an academic year an applicant who is an associate degree candidate has not completed that degree or the applicant’s final college transcript is not yet available to the institution, the student is considered to have satisfied the associate degree requirement of § 56.304(a)(2)(B) or 56.3041(2)(B) if the student’s available college transcript indicates that at the time the transcript was prepared the student was on schedule to complete the associate degree in time to be eligible for a TEXAS grant for the academic year.

(b) The coordinating board or the eligible institution may require the student to forgo or repay the amount of an initial TEXAS grant awarded to the student as described by Subsection (a) or (a-1) if the student fails to meet the eligibility requirements described by Subsection (a) or (a-1), as applicable to the student, after the issuance of the available high school or college transcript.
(c) A person who is required to forgo or repay the amount of an initial TEXAS grant under Subsection (b) may subsequently become eligible to receive an initial TEXAS grant under § 56.304 or 56.3041 by satisfying the associate degree requirement prescribed by § 56.304(a)(2)(B) or 56.3041(2)(B) and the other requirements of those sections applicable to the person at the time the person reapplies for the grant.
(d) A person who receives an initial TEXAS grant under Subsection (a) or (a-1) but does not satisfy the applicable eligibility requirement that the person was considered to have satisfied under the applicable subsection and who is not required to forgo or repay the amount of the grant under Subsection (b) may become eligible to receive a subsequent TEXAS grant under § 56.305 only by satisfying the associate degree requirement prescribed by § 56.304(a)(2)(B) or 56.3041(2)(B), as applicable to the person, in addition to the requirements of § 56.305 at the time the person applies for the subsequent grant.