Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does a school have to report to the U.S. Department of Education the school’s preferred lender lists and methods for choosing those lenders?

April 26, 2017Department Education Lender lists methods report School

0

Posted

Does a school have to report to the U.S. Department of Education the school’s preferred lender lists and methods for choosing those lenders?

1 Answer

0

Posted

The Higher Education Opportunity Act states that a school that has a “preferred lender arrangement” with a lender — for the purpose of awarding either Federal Family Education Loan Program or private education loans — must annually provide a report to the Department.