The following definitions apply to this Part:
(1) Eligible postsecondary institution. - A school that is:
a. A constituent institution of The University of North Carolina as defined in G.S. 116-2(4).
b. A community college as defined in G.S. 115D-2(2).
c. A nonprofit postsecondary institution as defined in G.S. 116-280(3).
(2) Matriculated status. - Being recognized as a student in a defined program of study leading to a degree, diploma, or certificate at an eligible postsecondary institution.
(3) Program. - The Early Graduate Scholarship Program.
(4) Reserve Fund. - Reserve Fund for Early Graduate Scholarships.
(5) Scholarship. - An Early Graduate Scholarship for education awarded under this Part.