[Code of Federal Regulations]

[Title 34, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR682.101]



[Page 629]

 

                           TITLE 34--EDUCATION

 

 CHAPTER VI--OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION

 

PART 682_FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM--Table of Contents

 

                       Subpart A_Purpose and Scope

 

Sec. 682.101  Participation in the FFEL programs.



    (a) Eligible banks, savings and loan associations, credit unions, 

pension funds, insurance companies, schools, and State and private 

nonprofit agencies may make loans.

    (b) Institutions of higher education, including most colleges, 

universities, graduate and professional schools, and many vocational, 

technical schools may participate as schools, enabling an eligible 

student or his or her parents to obtain a loan to pay for the student's 

cost of education.

    (c) Students who meet certain requirements, including enrollment at 

a participating school, may borrow under the Stafford Loan and, for 

periods of enrollment that began prior to July 1, 1994, the SLS program. 

Parents of eligible dependent undergraduate students may borrow under 

the PLUS Program. Borrowers with outstanding Stafford, SLS, FISL, 

Perkins, HPSL, HEAL, ALAS, PLUS, or Nursing Student Loan Program loans, 

or married couples each of whom have eligible loans under these programs 

may borrow under the Consolidation Loan Program.



(Authority: 20 U.S.C. 1071 to 1087-2)



[57 FR 60323, Dec. 18, 1992, as amended at 59 FR 61215, Nov. 29, 1994; 

64 FR 18975, Apr. 16, 1999; 66 FR 34762, June 29, 2001]