2001 Minnesota Statutes

     136A.15 Definitions. 

    Subdivision 1.  For purposes of sections 136A.15 to 
 136A.1702, the terms defined in this section have the meanings 
 ascribed to them. 

    Subd. 2.  "Academic year or its equivalent" shall be as 
 defined in the federal regulations which govern the 
 administration of the National Vocational Student Loan Insurance 
 Act of 1965 and title IV of the Higher Education Act of 1965.  

    Subd. 3.  "Office" means the Minnesota higher education 
 services office. 

    Subd. 4.  "Director" means the director of the Minnesota 
 higher education services office. 

    Subd. 5.  "Province" means the Canadian province of 
 Manitoba.  

    Subd. 6.  "Eligible institution" means a post-secondary 
 educational institution that either (1) is operated or regulated 
 by this state, or (2) is operated publicly or privately in 
 another state, is approved by the United States Secretary of 
 Education, and, as determined by the office, maintains academic 
 standards substantially equal to those of comparable 
 institutions operated in this state.  It also includes any 
 institution chartered in a province. 

    Subd. 7.  "Eligible lender" means an eligible institution, 
 an agency or instrumentality of a state, or a financial or 
 credit institution (including an insurance company) which is 
 subject to examination and supervision by an agency of the state 
 of Minnesota or of the United States. 

    Subd. 8.  "Eligible student" means a student who is 
 officially registered or accepted for enrollment at an eligible 
 institution in Minnesota or a Minnesota resident who is 
 officially registered as a student or accepted for enrollment at 
 an eligible institution in another state or province.  Eligible 
 student, except for purposes of section 136A.1701, includes 
 parents of an eligible student as the term "parent" is defined 
 in the Higher Education Act of 1965, as amended, and applicable 
 regulations.  Except for the purposes of section 136A.1701, 
 eligible student also includes students eligible for auxiliary 
 loans as the term "auxiliary" is defined in the Higher Education 
 Act of 1965, as amended, and applicable regulations.  An 
 eligible student, for section 136A.1701, means a student who 
 gives informed consent authorizing the disclosure of data 
 specified in section 136A.162, paragraph (b), to a consumer 
 credit reporting agency. 

    Subd. 9.  "Resident student" means a student who meets the 
 conditions in section 136A.101, subdivision 8. 

    HIST: 1967 c 615 s 1; 1967 c 894 s 2; 1973 c 605 s 3,4; 1975 c 
 271 s 6; 1981 c 300 s 2; 1983 c 258 s 46; 1Sp1985 c 11 s 47; 
 1989 c 293 s 33-35; 1990 c 591 art 6 s 5; 1994 c 532 art 2 s 10; 
 1995 c 212 art 3 s 32,33,59