Student legal capacity to contract

Ind. Code § 21-16-3-1
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/21Fetched: 10/17/2026

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