§ 21-16-1-5 — "Education loan"

Indiana § 21-16-1-5

• Jurisdiction: Indiana
• Title 21: HIGHER EDUCATION
• Art. 16: EARN INDIANA PROGRAM; STUDENT LOANS
• Ch. 1: General Provisions; Definitions

Text

"Education loan" means a direct loan or loan
insured or guaranteed under a federal or state program or a program of
private insurance that is made to assist a student in obtaining
postsecondary education and that is:
(1) made to any Indiana student, or to either one (1) or both
parents or the legal guardian of the student, for the purpose of
attending an Indiana or non-Indiana postsecondary educational
institution;
(2) made to any non-Indiana student, or to one (1) or both parents
or the legal guardian of the student, for the purpose of attending
an Indiana or non-Indiana postsecondary education institution; or
(3) made or owned by any lending institution:
(A) with an office located in Indiana; or
(B) whose affiliate has an office located in Indiana or located in
a state in which an Indiana bank or an Indiana bank holding
company is entitled under Indiana law to acquire a bank or bank
holding company.
[Pre-2007 Higher Education Recodification Citation:
20-12-21.2-1(2).]

Legislative History

As added by P.L.2-2007, SEC.257. Amended by P.L.132-2013, SEC.2.