The term covered institution refers to any institution of higher education that receives federal funding or assistance. This definition is outlined in 20 USCS § 1019 (2), which is part of the broader regulations governing education and student assistance in the United States. Covered institutions include colleges, universities, and other educational entities that meet specific criteria set forth by federal law.
Covered institutions play a significant role in the legal landscape of education. They are subject to various federal regulations, particularly concerning student loans and financial aid. Understanding the definition and obligations of covered institutions is essential for:
Users can find legal templates related to education law on platforms like US Legal Forms, which may assist in navigating the requirements associated with covered institutions.
Here are a couple of examples of abatement:
Here are two examples of covered institutions:
Key statutes related to covered institutions include:
| State | Specific Regulations |
|---|---|
| California | Has additional state-level requirements for institutions receiving federal aid. |
| Texas | Offers specific state grants that may affect federal funding eligibility. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Difference |
|---|---|---|
| Institution of Higher Education | Any college, university, or other educational institution that offers degrees. | All covered institutions are included, but not all institutions receive federal funding. |
| Federal Funding | Financial assistance provided by the federal government. | Covered institutions must receive this funding to qualify as covered. |
If you are a student or an educational institution involved with federal funding, consider the following steps:
