Indiana § 21-16-3-1 - Student legal capacity to contract
Full text of Indiana Indiana Code § 21-16-3-1 — Student legal capacity to contract, with citation guidance and answers to common questions.
§ 21-16-3-1. Student legal capacity to contract
Sec. 1. A student who enters into a contract for a loan to finance a college education or who borrows money to defray the expense of attending any postsecondary educational institution:
(1) has full legal capacity to act in the student's own behalf in this transaction; and
(2) is subject to any obligation that arises from the contract.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.3-1.]
As added by P.L.2-2007, SEC.257.
IC 21-16-4Chapter 4. Guaranteed Student Loan Program
21-16-4-1Eligible institutions; approval by the commission 21-16-4-2Criteria for approved lenders 21-16-4-3Lender conditions; guarantee percentage; interest rate 21-16-4-4Loan applicability 21-16-4-5Contracts and guaranty agreements 21-16-4-6Loan requirements 21-16-4-7Eligible institution's qualified status; removal; review 21-16-4-7Eligible institution's qualified status; removal; review 21-16-4-8Collection of insurance premium 21-16-4-9Administration of loan program 21-16-4-10Eligibility criteria violation procedures 21-16-4-11Student loan program fund; administration 21-16-4-12Tax exemption 21-16-4-13Forbearance 21-16-4-14Default; procedures 21-16-4-15Payment on loss; subrogation rights 21-16-4-16Holder of guarantee loans; duties 21-16-4-17Dissolution of loan program 21-16-4-18Legal representation; attorney general; private attorney
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-16-3-1
What does Indiana Code § 21-16-3-1 cover?
Section 21-16-3-1 ("Student legal capacity to contract") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 21-16-3-1?
A common citation format is "Indiana Code § 21-16-3-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 21-16-3-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.