20 U.S.C. § 1019 — Definitions

In this part: (1) **Agent** — The term “agent” means an officer or employee of a covered institution or an institution-affiliated organization. (2) **Covered institution** — The term “covered institution” means any institution of higher education, as such term is defined in [section 1002 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1002&num=0&edition=prelim), that receives any Federal funding or assistance. (3) **Education loan** — The term “education loan” (except when used as part of the term “private education loan”) means— (A) any loan made, insured, or guaranteed under part B of subchapter IV; (B) any loan made under part D of subchapter IV; or (C) a private education loan. (4) **Eligible lender** — The term “eligible lender” has the meaning given such term in [section 1085(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1085/d&num=0&edition=prelim). (5) **Institution-affiliated organization** — The term “institution-affiliated organization”— (A) means any organization that— (i) is directly or indirectly related to a covered institution; and (ii) is engaged in the practice of recommending, promoting, or endorsing education loans for students attending such covered institution or the families of such students; (B) may include an alumni organization, athletic organization, foundation, or social, academic, or professional organization, of a covered institution; and (C) notwithstanding subparagraphs (A) and (B), does not include any lender with respect to any education loan secured, made, or extended by such lender. (6) **Lender** — The term “lender” (except when used as part of the terms “eligible lender” and “private educational lender”)— (A) means— (i) in the case of a loan made, insured, or guaranteed under part B of subchapter IV, an eligible lender; (ii) in the case of any loan issued or provided to a student under part D of subchapter IV, the Secretary; and (iii) in the case of a private education loan, a private educational lender as defined in [section 1650 of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1650&num=0&edition=prelim); and (B) includes any other person engaged in the business of securing, making, or extending education loans on behalf of the lender. (7) **Officer** — The term “officer” includes a director or trustee of a covered institution or institution-affiliated organization, if such individual is treated as an employee of such covered institution or institution-affiliated organization, respectively. (8) **Preferred lender arrangement** — The term “preferred lender arrangement”— (A) means an arrangement or agreement between a lender and a covered institution or an institution-affiliated organization of such covered institution— (i) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and (ii) that relates to such covered institution or such institution-affiliated organization recommending, promoting, or endorsing the education loan products of the lender; and (B) does not include— (i) arrangements or agreements with respect to loans under part D of subchapter IV; or (ii) arrangements or agreements with respect to loans that originate through the auction pilot program under [section 1099d(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1099d/b&num=0&edition=prelim). (9) **Private education loan** — The term “private education loan” has the meaning given the term in [section 1650 of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1650&num=0&edition=prelim).