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Code · New Jersey · Title 18A — Education · Chapter 68

18A:68-11.2. Definitions

117 words·~1 min read·/nj/title-18a/chapter-68/18a-68-11-2·

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2. As used in this act:
a. "Institution of higher education" means an institution of collegiate grade in New Jersey licensed by the Commission on Higher Education or otherwise authorized under N.J.S.18A:68-6 and accredited by the Middle States Association of Colleges and Secondary Schools.
b. "Educational loan" means either
(1)a loan which is made for the purpose of defraying the cost of attendance by one or more students at the institution of higher education making such loan or
(2)a loan to an employee of an institution of higher education for the purpose of defraying the costs of post-secondary school education of the employee or of the spouse or child of the employee.
L.1977,c.123,s.2; amended 1994,c.48,s.202.
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