# KRS § 164A.020: 164A.020 Definitions > Kentucky · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.020 ## Section - **Citation:** KRS § 164A.020 - **Heading:** 164A.020 Definitions - **Jurisdiction:** Kentucky - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** KY Code / Title XIII / Chapter 164A / Section 164A.020 ## Text 164A.020 Definitions. The following words and terms, unless the context clearly indicates a different meaning, shall have the following respective meanings: (1) "Board" means the board of directors of the corporation. (2) "Bonds" or "notes" means the bonds or bond anticipation notes authorized to be issued by the corporation pursuant to this chapter. (3) "Corporation" means the Kentucky Higher Education Student Loan Corporation, an independent de jure municipal corporation and political subdivision of the Commonwealth of Kentucky created to perform essential governmental services. (4) "Eligible institution" means any educational institution described as an eligible institution in the federal act which has, if required by the guarantee agency, a contract in force with the guarantee agency pursuant to the federal act and this chapter. (5) "Eligible lender" means the Kentucky Higher Education Assistance Authority, a de jure political subdivision of the Commonwealth of Kentucky and the corporation and all other entities described as eligible lenders in the federal act which have in force a contract with the guarantee agency providing for loan guarantees to be issued by the guarantee agency to the subject lender under the federal act and this chapter. (6) "Federal act" means the Higher Education Act of 1965, as from time to time amended, codified as 20 U.S.C. secs. 1001 et seq. (7) "Guarantee agency" means the Kentucky Higher Education Assistance Authority duly organized and existing pursuant to the statutory laws of the Commonwealth of Kentucky or any agency authorized as a guarantor pursuant to the federal act. (8) "Qualified student" means a student who qualifies for an insured student loan under the federal act. (9) "Insured student loan" means a loan to a qualified student on which the payment of principal and interest is at least ninety-five percent (95%) insured by the guarantee agency and reinsured by the Secretary of Education of the United States in accordance with the requirements of the federal act, or at least ninety-five percent (95%) insured as to principal amount by the United States under the federal act or the Health Professions Educational Assistance Act of 1976, codified as 42 U.S.C. secs. 294 et seq. as from time to time amended. As used in connection with the purchase, making, or acquisition of insured student loans by the corporation, the term insured student loan shall further mean and refer to any contingent interest, security interest, pledge, commitment, chose in action, or other property interest in any such loan. ## Nearby sections - [KRS § 164A.010 164A.010 Findings -- Determinations -- Intent](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.010.md) - [KRS § 164A.011 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.011.md) - [KRS § 164A.020 164A.020 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.020.md) - [KRS § 164A.030 164A.030 Corporation is de jure municipal corporation and political subdivision](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.030.md) - [KRS § 164A.040 164A.040 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.040.md) - [KRS § 164A.050 164A.050 Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.050.md) - [KRS § 164A.055 164A.055 Asset Resolution Corporation -- Purpose -- Powers -- Compensation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.055.md) - [KRS § 164A.060 164A.060 Powers of corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.060.md) - [KRS § 164A.065 164A.065 Powers of corporation as to supplemental student loans](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.065.md) - [KRS § 164A.070 164A.070 Status of obligations issued by corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.070.md) - [KRS § 164A.080 164A.080 Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.080.md) - [KRS § 164A.090 164A.090 Trust agreements authorized](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.090.md) - [KRS § 164A.100 164A.100 Pledge of assets or revenues of corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.100.md) - [KRS § 164A.110 164A.110 All moneys received deemed trust funds](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.110.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.020. 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