Rule 390.1601

Mich. Admin. Code R. 390.1601

Definitions; A, E.

(By authority conferred on the Michigan higher education student loan authority by sections 4, 4a, and 12 of 1975 PA 222, MCL 390.1154, 390.1154a, and 390.1162; and ERO 1995-2 (MCL 12.181)).Student Financial Services Board

(1) As used in these rules:
1. (a) "Authority" means the Michigan higher education student loan authority created by section 3 of 1975 PA 222, MCL 390.1153.
2. (b) "Eligible borrower" means a student or parent who meets the criteria of the authority and the secretary for eligibility.
(2) Terms defined in 1975 PA 222, MCL 390.1151, have the same meanings when used in these rules.

History: 1979 AC; 1987 AACS; 1990 AACS; 2007 AACS.