private education loan
Defined in 4 places across 2 titles of the United States Code.
For purposes of this paragraph, the term “private education loan” has the meaning given such term in section 1650 of title 15.
Source
- 2008–present20 U.S.C. § 1094Education · Program participation agreements · under this subchapter
the term “private education loan”—
(A) means a loan provided by a private educational lender that—
(i) is not made, insured, or guaranteed under of 1 title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.) [and 42 U.S.C. 2751 et seq.]; and
(ii) is issued expressly for postsecondary educational expenses to a borrower, regardless of whether the loan is provided through the educational institution that the subject student attends or directly to the borrower from the private educational lender; and
(B) does not include an extension of credit under an open end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling; and
Source
- 2008–201615 U.S.C. § 1650Commerce and Trade · Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest · as used in this section
the term "private education loan"—
(A) means a loan provided by a private educational lender that—
(i) is not made, insured, or guaranteed under of 1 title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.); and
(ii) is issued expressly for postsecondary educational expenses to a borrower, regardless of whether the loan is provided through the educational institution that the subject student attends or directly to the borrower from the private educational lender; and
(B) does not include an extension of credit under an open end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling; and
Source
- 2016–present15 U.S.C. § 1650Commerce and Trade · Preventing unfair and deceptive private educational lending practices and eliminating conflicts of interest · as used in this section
the term "private education loan" has the meaning given the term in section 1650(a) of this title.
Source
- 2018–present15 U.S.C. § 1681SCommerce and Trade · Responsibilities of furnishers of information to consumer reporting agencies · in this section
The term “private education loan” has the meaning given the term in section 1650 of title 15.
Source
- 2008–present20 U.S.C. § 1019Education · Definitions · in this part