20 U.S. Code § 1019 - Definitions
prev | next
In this part:
The term “agent” means an officer or employee of a covered institution or an institution-affiliated organization.
(2) Covered institution
The term “covered institution” means any institution of higher education, as such term is defined in section 1002 of this title, that receives any Federal funding or assistance.
(3) Education loan
The term “education loan” (except when used as part of the term “private education loan”) means—
(4) Eligible lender
(5) Institution-affiliated organization
The term “institution-affiliated organization”—
(A) means any organization that—
(B) may include an alumni organization, athletic organization, foundation, or social, academic, or professional organization, of a covered institution; and
The term “lender” (except when used as part of the terms “eligible lender” and “private educational lender”)—
(i) in the case of a loan made, insured, or guaranteed under part B of subchapter IV, an eligible lender;
(ii) in the case of any loan issued or provided to a student under part C of subchapter IV, the Secretary; and
The term “officer” includes a director or trustee of a covered institution or institution-affiliated organization, if such individual is treated as an employee of such covered institution or institution-affiliated organization, respectively.
(8) Preferred lender arrangement
The term “preferred lender arrangement”—
(A) means an arrangement or agreement between a lender and a covered institution or an institution-affiliated organization of such covered institution—
(i) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and
LII has no control over and does not endorse any external Internet site that contains links to or references LII.