Power of minor to contract for student loan

Any person otherwise qualified for a loan under the provisions of this chapter, shall not be disqualified by reason of his being a minor but shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of full age with respect to the planning for, receiving, and repaying such loan. Source: SL 1966, ch 210 , § 7; SL 1972, ch 154 , § 4.