18-22D-1 Legislative purpose
18-22D-2 Definitions
18-22D-3 Certification of eligibility; information as to other financial assistance; approval of maximum loan amount
18-22D-4 Limitations on investment in linked deposits
18-22D-5 Applications for loans; loan package
18-22D-6 Acceptance or rejection of loan package; deposit agreement
18-22D-7 Rate of loan; repayment
18-22D-8 Certification and monitoring of compliance; reports
18-22D-9 Liability
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Terms Used In West Virginia Code > Chapter 18 > Article 22D - Higher Education Student Assistance Loan Program

  • Approved institution of higher education in this state: means nonprofit, degree-granting two-year and four-year colleges and universities located in West Virginia. See West Virginia Code 18-22D-2
  • board: means a county board of education. See West Virginia Code 18-1-1
  • Eligible student: means any individual who:

    (1) Is a citizen or eligible noncitizen of the United States. See West Virginia Code 18-22D-2

  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • institution: means a financial institution that is eligible to make commercial loans, is a public depository of state funds and agrees to participate in the West Virginia higher education student assistance loan program. See West Virginia Code 18-22D-2
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Linked deposit: means a certificate of deposit placed by the state Board of Investments with an eligible lending institution at three percent below current market rates, as determined and calculated by the state Board of Investments, provided the institution agrees to lend the value of such deposit, according to the deposit agreement provided for by this article, to eligible students at three percent below the present borrowing rate applicable to each such student at the time of the deposit of state funds in the institution. See West Virginia Code 18-22D-2
  • School: means the students and teachers assembled in one or more buildings, organized as a unit. See West Virginia Code 18-1-1
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • whoever: includes corporations, societies, associations and partnerships, and other similar legal business organizations. See West Virginia Code 2-2-10