Financial responsibility of foreign studentsNothing in this chapter and part C of subchapter I of chapter 34 of title 42 or any other Federal law shall be construed to prohibit any institution of higher education from requiring a student who is a foreign national (and not admitted to permanent residence in the United States) to guarantee the future payment of tuition and fees to such institution by—
making advance payment of such tuition and fees;
making deposits in an escrow account administered by such institution for such payments; or
obtaining a bond or other insurance that such payments will be made.
Provisions similar to this section were contained in section 1145c of this title prior to repeal by Pub. L. 105–244.
A prior section 1011e, Pub. L. 89–329, title I, § 126, as added Pub. L. 102–325, title I, § 101, July 23, 1992, 106 Stat. 464, related to State administrative costs, prior to the general amendment of this subchapter by Pub. L. 105–244.
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