Sec. 1. A student who enters into a contract for a loan to finance a college education or who borrows money to defray the expense of attending any postsecondary educational institution: (1) has full legal capacity to act in the student's own behalf in this transaction; and (2) is subject to any obligation that arises from the contract. [Pre-2007 Higher Education Recodification Citation: 20-12-21.3-1.] IC 21-16-4 Chapter 4. Guaranteed Student Loan Program 21-16-4-1 Eligible institutions; approval by the commission 21-16-4-2 Criteria for approved lenders 21-16-4-3 Lender conditions; guarantee percentage; interest rate 21-16-4-4 Loan applicability 21-16-4-5 Contracts and guaranty agreements 21-16-4-6 Loan requirements 21-16-4-7 Eligible institution's qualified status; removal; review 21-16-4-8 Collection of insurance premium 21-16-4-9 Administration of loan program 21-16-4-10 Eligibility criteria violation procedures 21-16-4-11 Student loan program fund; administration 21-16-4-12 Tax exemption 21-16-4-13 Forbearance 21-16-4-14 Default; procedures 21-16-4-15 Payment on loss; subrogation rights 21-16-4-16 Holder of guarantee loans; duties 21-16-4-17 Dissolution of loan program 21-16-4-18 Legal representation; attorney general; private attorney
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