20 U.S.C. § 1019d — Self-certification form for private education loans
submitted 18 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 327 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The Secretary*, in consultation with the Board of Governors of the Federal Reserve System, shall develop the self-certification form for private education loans that shall be used to satisfy the requirements of section 1638(e)(3) of title 15. Such form shall—
be developed in a standardized format;
be made available to the applicant by the relevant institution of higher education*, in written or electronic form, upon request of the applicant;
contain only disclosures that—
the applicant may qualify for Federal student financial assistance through a program under subchapter IV of this chapter, or State* or institutional student financial assistance, in place of, or in addition to, a private education loan*;
the applicant is encouraged to discuss the availability of Federal, State, and institutional student financial assistance with financial aid officials at the applicant’s institution of higher education;
a private education loan may affect the applicant’s eligibility for free or low-cost Federal, State or institutional student financial assistance; and
the information that the applicant is required to provide on the form is available from officials at the financial aid office of the institution of higher education;
include a place to provide information on—
the applicant’s cost of attendance at the institution of higher education, as determined by the institution under part F of subchapter IV;
the applicant’s estimated financial assistance, including amounts of financial assistance used to replace the student aid index*, as determined by the institution, in accordance with subchapter IV, for students who have completed the Free Application for Federal Student Aid; and
the difference between the amounts under subparagraphs (A) and (B), as applicable; and
include a place for the applicant’s signature, in written or electronic form.
Nothing in this section shall be construed to create a private right of action against an institution of higher education with respect to the form developed under subsection (a).
Source credit: (Pub. L. 89–329, title I, § 155, as added Pub. L. 110–315, title X, § 1021(b), Aug. 14, 2008, 122 Stat. 3487; amended Pub. L. 111–39, title I, § 101(b)(7), July 1, 2009, 123 Stat. 1935; Pub. L. 116–260, div. FF, title VII, § 704(1), Dec. 27, 2020, 134 Stat. 3199.)
- 2008Enacted · Pub. L. 89-329 · 122 Stat. 3487
- 2009Amended · Pub. L. 111-39 · 123 Stat. 1935
- 2020Amended · Pub. L. 116-260 · 134 Stat. 3199
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-329 on 2008-08-14.
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