Student loan lender definition
Student loan lender or “lender” means any entity involved in making, holding, consolidating, originating, servicing or guaranteeing any loan to students or parents to finance higher education expenses. This includes lenders who provide private educational loans as well as lenders who provide loans that are made, insured or guaranteed by the U.S. Department of Education, except loans under the William D. Ford Direct Loan Program.
Student loan lender means a person whose primary business is:
Student loan lender means:
a. Any person who is in the business of, independently, or through an affiliate:
i. Making, brokering, arranging, or accepting applications for loan students; or
ii. A combination of activities described in Subparagraph (i);
b. Any entity or association of entities that guarantees student loans, except for the Texas Guaranteed Student Loan Corporation or any similarly structured entity; or
c. Any industry, trade, or professional association or other entity that receives money from any entity or association of entities described by Paragraph (A) or (B).
More Definitions of Student loan lender
Student loan lender or “lender” means any entity involved in making, holding, consolidating, processing, originating, servicing or guaranteeing any federal or private education loan to students or parents to finance higher education expenses. This includes lenders who provide private educational loans and lenders who provide loans that are/were made, insured or guaranteed by the U.S. Department of Education under the FFELP or the William D. Ford Direct Loan Program. [Note that the lender regulations, 34 CFR section 601.2(b) defines “loan” to include loans made under the Direct Loan Program and defines “lender” to include the DOE for Direct Loans. So, while it seems like there be no need to admonish employees to avoid conflicts of interest with a lender when that lender is the DOE,
Student loan lender means a person whose primary
Student loan lender means: any person who is in the business of, independently or through an affiliate: making, brokering, arranging, or accepting applications for student loans; or any entity or association of entities that guarantees student loans, except for the Texas Guaranteed Student Loan Corporation or any similarly structured entity.