For institutions of higher education that offer private student
loans, there are a multitude of federal and state laws that need to
be followed. Keeping up with these laws can be a significant
challenge, particularly where institutions operate campuses in
multiple jurisdictions, or offer a variety of student financing
options (e.g., loans, payment plans, retail installment
contracts). Staying abreast of these requirements is critical,
however, as the ramifications for noncompliance can be severe.
For a thorough review of the private student loan laws that can
apply to higher education entities, register now for Thompson
Coburn's May 30, 2018 webinar:
Properly Extending Credit for Private Education Student Loans.
Mark Belongia is a partner in Thompson Coburn's banking and
financial services practice, and has significant experience
assisting postsecondary institutions to implement compliant private
student loan programs.
