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Chapter 1. General Provisions; Definitions
21-16-1-1. Definitions - Sec. 1. The definitions in this chapter apply throughout this...
21-16-1-2. "Approved Lender" - Sec. 2. "Approved lender", for the purposes of IC 21-16-4,...
21-16-1-3. "Commission" - Sec. 3. "Commission" refers to the commission for higher education...
21-16-1-4. "Corporation" - Sec. 4. "Corporation" refers to the corporation designated by the...
21-16-1-4.5. "Earn Indiana Program" - Sec. 4.5. "EARN Indiana program" refers to the employment aid...
21-16-1-5. "Education Loan" - Sec. 5. "Education loan" means a direct loan or loan...
21-16-1-6. "Eligible Employer" - Sec. 6. "Eligible employer" means: (1) an approved postsecondary educational...
21-16-1-7. "Eligible Institution" - Sec. 7. "Eligible institution", for the purposes of IC 21-16-4...
21-16-1-7.5. "Eligible Secondary School Student" - Sec. 7.5. "Eligible secondary school student" means a student, beginning...
21-16-1-8. "Eligible Student" - Sec. 8. "Eligible student" means a student who: (1) is...
21-16-1-9. "Federal Program" - Sec. 9. "Federal program", for the purposes of IC 21-16-5,...
21-16-1-10. "Fund" - Sec. 10. "Fund": (1) for purposes of IC 21-16-2, refers...
21-16-1-11. "Guaranteed Loans" - Sec. 11. "Guaranteed loans", for purposes of IC 21-16-4, means...
21-16-1-12. "Half-Time Students" - Sec. 12. "Half-time students" means certificate, diploma, associate, baccalaureate, graduate,...
21-16-1-13. "Lending Institution" - Sec. 13. "Lending institution", for the purposes of IC 21-16-5,...
21-16-1-14. "Resident" - Sec. 14. "Resident" means a United States citizen or alien...
Chapter 2. Earn Indiana Program
21-16-2-1. Earn Indiana Program; Established - Sec. 1. There is established an employment aid readiness network...
21-16-2-2. Earn Indiana Fund; Established; Administration - Sec. 2. (a) The EARN Indiana fund is established to...
21-16-2-3. Agreements With Eligible Employers - Sec. 3. In order to implement the provisions of this...
21-16-2-4. Agreements; Conditions - Sec. 4. An agreement entered into under this chapter must:...
21-16-2-5. Repealed - [Pre-2007 Higher Education Recodification Citation: 20-12-20.5-4(a) part.] As added by...
21-16-2-6. Repealed - [Pre-2007 Higher Education Recodification Citation: 20-12-20.5-4(a) part.] As added by...
21-16-2-7. Eligible Employers; Duties - Sec. 7. An eligible employer that wishes to participate in...
21-16-2-8. Work Study Funds Considered as Financial Aid - Sec. 8. Funds received by students under this chapter must...
21-16-2-9. Priority for Small Businesses - Sec. 9. In entering into agreements under section 3 of...
Chapter 3. Minors; Legal Capacity to Contract for Guaranteed Student Loans
21-16-3-1. Student Legal Capacity to Contract - Sec. 1. A student who enters into a contract for...
Chapter 4. Guaranteed Student Loan Program
21-16-4-1. Eligible Institutions; Approval by the Commission - Sec. 1. The commission may approve, as eligible institutions, any...
21-16-4-2. Criteria for Approved Lenders - Sec. 2. The commission may establish reasonable eligibility criteria for...
21-16-4-3. Lender Conditions; Guarantee Percentage; Interest Rate - Sec. 3. The commission may guarantee loans made by approved...
21-16-4-4. Loan Applicability - Sec. 4. The commission may guarantee loans to a student,...
21-16-4-5. Contracts and Guaranty Agreements - Sec. 5. The commission may enter into contracts and guaranty...
21-16-4-6. Loan Requirements - Sec. 6. The commission may require that any loan guaranteed...
21-16-4-7. Eligible Institution's Qualified Status; Removal; Review - Sec. 7. The commission may remove an eligible institution's qualified...
21-16-4-8. Collection of Insurance Premium - Sec. 8. The commission may collect an insurance premium of...
21-16-4-9. Administration of Loan Program - Sec. 9. The commission may take, hold, and administer, on...
21-16-4-10. Eligibility Criteria Violation Procedures - Sec. 10. (a) Whenever the commission or its designee has...
21-16-4-11. Student Loan Program Fund; Administration - Sec. 11. Funds received under the loan program shall be...
21-16-4-12. Tax Exemption - Sec. 12. The property, income, obligations, and activities of the...
21-16-4-13. Forbearance - Sec. 13. Sections 14 through 16 of this chapter do...
21-16-4-14. Default; Procedures - Sec. 14. Upon default by a borrower on a loan...
21-16-4-15. Payment on Loss; Subrogation Rights - Sec. 15. Upon payment by the commission of the guaranteed...
21-16-4-16. Holder of Guarantee Loans; Duties - Sec. 16. A holder of a guaranteed loan shall exercise...
21-16-4-17. Dissolution of Loan Program - Sec. 17. The loan program established by this chapter may...
21-16-4-18. Legal Representation; Attorney General; Private Attorney - Sec. 18. The attorney general shall act as legal counsel...
Chapter 5. Secondary Market for Guaranteed Student Loans
21-16-5-1. Secondary Market for Guaranteed Student Loans; Establishment of Corporation - Sec. 1. The governor may request, on behalf of the...
21-16-5-2. Public Hearing; Notice - Sec. 2. Before designation by the governor under section 1...
21-16-5-3. Powers of Corporation; Articles of Incorporation - Sec. 3. (a) The corporation must, under its articles of...
21-16-5-4. Annual Report; Annual Public Hearing - Sec. 4. The corporation shall submit an annual report to...
21-16-5-5. Changes in Directors and Bylaws - Sec. 5. The corporation shall provide in its articles of...
21-16-5-6. Audit - Sec. 6. The corporation is subject to audit by the...
21-16-5-7. Board of Directors; Executive Session - Sec. 7. The board of directors of the corporation may...
21-16-5-8. Repealed - [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(g).] As added by P.L.2-2007,...
21-16-5-9. Benefits of Guaranty - Sec. 9. The corporation and its transferees and pledgees, so...
21-16-5-10. Grants; Approval by the Budget Agency - Sec. 10. Notwithstanding any other law, the corporation may not...
21-16-5-11. Debts Incurred - Sec. 11. Debts incurred by the corporation under authority of...
21-16-5-12. Tax Exemption for Principal and Interest - Sec. 12. The principal of and the interest on bonds...
21-16-5-13. Investment of Funds - Sec. 13. All: (1) banks; (2) bankers; (3) trust companies;...
21-16-5-14. Termination of the Designation - Sec. 14. The designation by the governor under section 1...
21-16-5-15. Immunity for Officers and Directors - Sec. 15. Except for an act of fraud or intentional...
21-16-5-16. Security Interest in Education Loans - Sec. 16. Notwithstanding IC 26-1-9.1-310(a), a security interest in education...
21-16-5-17. Repealed - [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-10.] As added by P.L.2-2007,...