(7) As used in this subsection, the following words and phrases shall have the meanings given to them in this paragraph unless the context clearly indicates otherwise: "Full-time student." A bona fide resident of this Commonwealth who has been admitted as a full-time student to an institution of higher education and who is economically and educationally disadvantaged in accordance with criteria established by the State Board of Education.
"Institutions of higher education." A postsecondary institution in this Commonwealth authorized to award degrees.
"Part-time student." A bona fide resident of this Commonwealth who:
(1) Has been admitted into a degree program as a less than full-time student in an institution of higher education.(2) Is enrolled in at least the equivalent of six semester credits or 225 clock hours of instruction per semester in an institution of higher education.(3) Is economically and educationally disadvantaged in accordance with the criteria established by the State Board of Education.