revenue sharing
Defined in 1 place of the United States Code.
the term “revenue sharing” means an arrangement between a covered educational institution and a private educational lender under which—
(A) a private educational lender provides or issues private education loans with respect to students attending the covered educational institution;
(B) the covered educational institution recommends to students or others the private educational lender or the private education loans of the private educational lender; and
(C) the private educational lender pays a fee or provides other material benefits, including profit sharing, to the covered educational institution in connection with the private education loans provided to students attending the covered educational institution or a borrower acting on behalf of a student.
Source
- 2014–201815 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 "revenue sharing" means an arrangement between a covered educational institution and a private educational lender under which—
(A) a private educational lender provides or issues private education loans with respect to students attending the covered educational institution;
(B) the covered educational institution recommends to students or others the private educational lender or the private education loans of the private educational lender; and
(C) the private educational lender pays a fee or provides other material benefits, including profit sharing, to the covered educational institution in connection with the private education loans provided to students attending the covered educational institution or a borrower acting on behalf of a student.
A private educational lender may not, directly or indirectly—
Source
- 2008–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