New Jersey § 17:9a-53
Full text of New Jersey New Jersey Statutes § 17:9a-53, with citation guidance and answers to common questions.
§ 17:9a-53.
As used in this act: a. “ Banking institution ” includes State-chartered banks, Federally-chartered banks, and mutual savings banks; b. “ Educational loan ” means a loan which is represented by the borrower to the banking institution to
be made for either or both the following purposes: (1) defraying the cost of attendance
at a college or university of one or more students; and (2) defraying the cost of
attendance of one or more pupils at an elementary or secondary school. An educational loan may consist of a single advance or of two or more advances made
pursuant to an agreement governing, or a commitment to make, such loan; c. “ College or university ” includes, but is not limited to, any qualified institution of collegiate grade,
located in this State or elsewhere which is approved by any regional accrediting association
recognized by the National Commission on Accrediting, or approved by the Board of
Higher Education of New Jersey; and also includes any “other eligible institution,”
and “any post-secondary nondegree institution of higher education” as defined in the
“Higher Education Assistance Authority Law,” chapter 72 of Title 18A of the New Jersey
Statutes. 1 1
N.J.S.A. § 18A:72-1 et seq.
Frequently Asked Questions About New Jersey § 17:9a-53
What does New Jersey Statutes § 17:9a-53 cover?
Section 17:9a-53 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 17:9a-53?
A common citation format is "New Jersey Statutes § 17:9a-53" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 17:9a-53 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.