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 consumer credit transactions, including student payment agreements
Fair Credit Reporting Act (FCRA): Federal law that regulates the collection and use of consumer credit information, relevant for payment reporting and credit checks
Family Educational Rights and Privacy Act (FERPA): Federal law protecting the privacy of student education records, including financial records and payment information
Equal Credit Opportunity Act (ECOA): Federal law prohibiting discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance
State Education Codes: State-specific laws governing educational institutions and student rights, including payment and refund policies
State Consumer Protection Laws: State-specific regulations protecting students as consumers, including requirements for contract terms and disclosures
State Usury Laws: State-specific regulations governing maximum interest rates and related charges that can be applied to payment agreements
Department of Education Regulations: Federal administrative rules governing educational institutions, including requirements for student payment agreements and financial aid
Accreditation Requirements: Standards set by accrediting bodies that may affect financial agreements between institutions and students
Federal Student Aid Rules: Regulations governing how federal student aid can be applied and managed in payment agreements
Private Loan Regulations: Rules governing private education loans and their integration with institutional payment agreements
