Higher Education Act (HEA): Federal law that governs the administration of federal student aid programs and sets standards for higher education institutions
Truth in Lending Act (TILA): Federal law requiring clear disclosure of lending terms and costs in financial agreements
Fair Credit Reporting Act (FCRA): Federal law regulating the collection, dissemination, and use of consumer credit information
Family Educational Rights and Privacy Act (FERPA): Federal law protecting the privacy of student education records and financial information
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age
CFPB Regulations: Consumer Financial Protection Bureau regulations governing financial products and services offered to students
State Education Codes: State-specific laws governing educational institutions and student financial arrangements within the state
State Consumer Protection Laws: State-specific regulations protecting students as consumers in financial transactions
State Student Loan Regulations: State-specific rules governing student loans and financial agreements within the state
Title IV Regulations: Federal regulations governing participation in federal student aid programs
Accreditation Standards: Requirements set by accrediting bodies regarding institutional financial agreements with students
Clear Disclosure Requirements: Obligations to provide clear, conspicuous, and complete information about financial terms and obligations
Cooling-off Periods: Mandatory waiting periods allowing students to review and cancel financial agreements without penalty
Collection Practices: Rules governing how institutions can collect student debt and handle defaults
