New Jersey Statutes 18A:71C-52. Definitions relative to the Nursing Faculty Loan Redemption Program
Terms Used In New Jersey Statutes 18A:71C-52
- Higher education: means that education which is provided by any or all of the public institutions of higher education as herein defined and any or all equivalent private institutions. See New Jersey Statutes 18A:1-1
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
“Approved graduate degree program” means a master’s degree in nursing (MSN), a doctor of nursing science degree (DNS), a doctor of nursing practice degree (DPN), a doctor of philosophy degree (PhD) in nursing or another relevant field of study.
“Authority” means the Higher Education Student Assistance Authority established pursuant to N.J.S. 18A:71A-3
“Eligible student loan expenses” means the cumulative total of the annual student loans covering the cost of attendance at an approved graduate degree program. Interest paid or due on student loans that an applicant has taken out for use in paying the costs of such education shall be considered eligible for reimbursement under the program.
“Participant” means a person who has completed an approved graduate degree program at an accredited public or independent institution of higher education, and who participates in the program.
“Program” means the Nursing Faculty Loan Redemption Program established pursuant to this act.
L.2009, c.236, s.3.