opportunity pool loan

(5) Prohibition on offers of funds for private loans (A) Prohibition The institution shall not request or accept from any lender any offer of funds to be used for private education loans (as defined in section 1650 of title 15 ), including funds for an opportunity pool loan, to students in exchange for the institution providing concessions or promises regarding providing the lender with— (i) a specified number of loans made, insured, or guaranteed under this subchapter; (ii) a specified loan volume of such loans; or (iii) a preferred lender arrangement for such loans. (B) Definition of opportunity pool loan In this paragraph, the term “opportunity pool loan” means a private education loan made by a lender to a student attending the institution or the family member of such a student that involves a payment, directly or indirectly, by such institution of points, premiums, additional interest, or financial support to such lender for the purpose of such lender extending credit to the student or the family.

Source

20 USC § 1094(e)(5)


Scoping language

In this paragraph
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