Montana Code 20-26-1101. Definitions
20-26-1101. Definitions. As used in this part, unless the context clearly indicates otherwise, the following definitions apply:
Terms Used In Montana Code 20-26-1101
- Board: means the board of regents of higher education. See Montana Code 20-26-1101
- Board of regents: means the board of regents of higher education created by Article X, section 9, subsection (2), of the Montana constitution and 2-15-1505. See Montana Code 20-1-101
- Student loan program: means the program established by the board pursuant to this part. See Montana Code 20-26-1101
- United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)”Agency” means the entity designated by the board to administer student loans.
(2)”Board” means the board of regents of higher education.
(3)”Eligible educational institution” means any institution approved by the United States secretary of education as eligible to participate in the student loan program pursuant to Title IV of the Higher Education Act of 1965, as amended.
(4)”Eligible lender” means any lender as defined under Title IV of the Higher Education Act of 1965, as amended.
(5)”Student loan program” means the program established by the board pursuant to this part.