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
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