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Each year, the Commissioner of Education must set and publish deterrence-level interest rates on refunds for cosmetology and barber schools in accordance with ɬÀï·¬ Occupations Code,  ²¹²Ô»åÌý. The 2023 interest rate for refunds under both statutory provisions is 10 percent.

This interest rate is calculated in January each year by adding 5 percent to the federal short-term borrowing rate and rounding to the nearest whole number.