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).
(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 North Carolina Need-Based Scholarship Program for Public Colleges and Universities.
(4) Reserve Fund. - Scholarship Reserve Fund for Public Colleges and Universities.
(5) Scholarship. - A scholarship for education awarded under this Part.
(6) Title IV. - Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. § 1070, et seq.