Montana Code 20-26-1102. Authorization to establish student loan program
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20-26-1102. Authorization to establish student loan program. (1) The board may establish and contract for the operation of a student loan program to make available to students improved opportunities for education by guaranteeing loans in accordance with applicable federal law to persons attending or accepted for enrollment at an eligible educational institution.
Terms Used In Montana Code 20-26-1102
- Board: means the board of regents of higher education. See Montana Code 20-26-1101
- Contract: A legal written agreement that becomes binding when signed.
- 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. See Montana Code 20-26-1101
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
- 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
(2)The board is designated as the state representative for receiving federal, public, or private money that is now or will be made available under any act of the congress of the United States or otherwise for purposes of a student loan program.