Title 20 — EducationRelease 119-73
§1092c Simplification of lending process for borrowers
Title 20 › Chapter CHAPTER 28— - HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter SUBCHAPTER IV— - STUDENT ASSISTANCE › Part Part G— - General Provisions Relating to Student Assistance Programs › § 1092c
Summary
Lenders must, where practical and if the borrower helps, treat loans in the same Part B section as one loan, send one bill per repayment period, and apply deferments to the total balance. The guaranty agency must limit contacts to one lender, holder, guaranty agency, and servicer.
Full Legal Text
Title 20, §1092c
Education — Source: USLM XML via OLRC
(a)To the extent practicable, and with the cooperation of the borrower, eligible lenders shall treat all loans made to a borrower under the same section of part B as one loan and shall submit one bill to the borrower for the repayment of all such loans for the monthly or other similar period of repayment. Any deferments on one such loan will be considered a deferment on the total amount of all such loans.
(b)To the extent practicable, and with the cooperation of the borrower, the guaranty agency shall ensure that a borrower only have one lender, one holder, one guaranty agency, and one servicer with which to maintain contact.
Reference
Citations & Metadata
Citation
20 U.S.C. § 1092c
Title 20 — Education
Last Updated
Apr 6, 2026
Release point: 119-73