(a) Subject to the requirement in subsection (b) of this provision, the Commissioner may authorize, or cause to be authorized, Hinson-Hazlewood College Student Loans to students at any eligible institution which certifies that the student meets program qualifications, if the student:(1) is a resident of Texas as defined in these regulations;(2) has been accepted for regular, non-probationary enrollment at an eligible institution and is adjudged by the institution to have the ability to benefit from the instruction or training to be provided; or, in the case of a student already attending such institution, is in good standing and is making satisfactory progress toward his or her educational goals as determined by the institution;(3) is enrolled in at least one half of the normal full-time course workload as determined by the institution;(4) has provided the Board with a statement of the estimated cost of attendance at the institution for that student;(5) has insufficient resources to finance his or her education;(6) has provided information on two references who live at separate addresses and are expected to know the student's current address at all times throughout the life of the loan;(7) has signed a promissory note acknowledging his or her obligations and responsibilities to the fund;(8) for CAL, has received a favorable evaluation of his/her credit report or has obtained the signature of a qualified cosigner/accommodation party who has received a favorable evaluation of his/her credit report;(9) for FSLP, has been issued or will be issued a student loan under any loan program administered by the Board.(b) When certifying a non-guaranteed loan, the institution shall certify that the amount of the loan does not exceed the difference between the cost of attendance and the financial resources available to the applicant, including the applicant's scholarships, gifts, grants, and other financial aid. The student's maximum eligibility for Federal Direct Loans, with the exception of Federal Plus loans, must be considered as other financial aid, whether or not the student actually receives such assistance.