Understanding Institution-Affiliated Organization in Education Law
Definition & Meaning
The term institution-affiliated organization refers to any group or entity that is connected to a covered educational institution. These organizations typically recommend, promote, or endorse education loans for students attending the institution or their families. Examples of such organizations may include alumni associations, athletic groups, foundations, and various social, academic, or professional organizations associated with the institution. However, it is important to note that lenders providing education loans are not classified as institution-affiliated organizations.
Legal Use & context
This term is primarily used in the context of education law, particularly regarding student loans and financial aid. It is relevant in discussions about the relationships between educational institutions and organizations that may influence loan decisions. Users can manage related forms or procedures through resources like US Legal Forms, which offers legal templates designed by qualified attorneys.
Real-world examples
Here are a couple of examples of abatement:
Here are a couple of examples of institution-affiliated organizations:
- An alumni association that provides financial advice and resources to recent graduates seeking education loans (hypothetical example).
- A foundation that organizes workshops on financial literacy for students and families of a specific university (hypothetical example).
Relevant laws & statutes
The primary legal reference for this term is found in 20 USCS § 1019, which outlines the definition and scope of institution-affiliated organizations in relation to education loans. This statute is part of broader education laws that govern student financial assistance.