PENNSYLVANIA, February 22 - the participant's income, for a period of time and at

frequencies specified under the terms and conditions, in

exchange for a payment to the participant to be used to repay

the participant's or a benefactor's student loan debt.

"Line of credit." The line of credit from the State Treasury

established for the program administrator or providers to

borrow, repay and reborrow under the program on a revolving

basis under section 7306 (relating to line of credit).

"Participant." An eligible applicant who enters into an

income share agreement with a provider.

"Program." The Student Loan Retirement Agreement Program

established under section 7303 (relating to Student Loan

Retirement Agreement Program).

"Program administrator." The Pennsylvania Higher Education

Assistance Agency.

"Program guidelines." The policies, procedures and

guidelines established by the program administrator, in

consultation with the committee, for the administration of the

program.

"Provider." The program administrator or an entity created

or designated by the program administrator, in consultation with

the committee.

"Related securitie s." A security which results from the

securitization of the income share agreement, the use of an

income share agreement as collateral for direct and indirect

borrowing or the use of an income share agreement in connection

with a similar structured finance program approved by the

program administrator.

"Student loan debt." Debt incurred by an eligible applicant

or by the eligible applicant's benefactors on the eligible

20210SB0143PN0220 - 3 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30