Title 20 — EducationRelease 119-73
§1078–4 Commingling of funds
Title 20 › Chapter CHAPTER 28— - HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter SUBCHAPTER IV— - STUDENT ASSISTANCE › Part Part B— - Federal Family Education Loan Program › § 1078–4
Summary
Guaranty agencies can mix money they get under this part and use it for other purposes allowed by this part. But two rules apply: (1) they cannot spend more than they would otherwise be allowed to spend, and (2) they must still follow all accounting and audit rules.
Full Legal Text
Title 20, §1078–4
Education — Source: USLM XML via OLRC
Notwithstanding any other provision of this part regarding permissible uses of funds from any source, funds received by a guaranty agency under any provision of this part may be commingled with funds received under any other provision of this part and may be used to carry out the purposes of such other provision, except that—
(1)the total amount expended for the purposes of such other provision shall not exceed the amount the guaranty agency would otherwise be authorized to expend; and
(2)the authority to commingle such funds shall not relieve such agency of any accounting or auditing obligations under this part.
Reference
Citations & Metadata
Citation
20 U.S.C. § 1078–4
Title 20 — Education
Last Updated
Apr 6, 2026
Release point: 119-73