Title 20, EducationRelease 119-73not60
§1087–4 Discrimination in Secondary Markets Prohibited
Title 20 › Chapter 28— HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › Subchapter IV— STUDENT ASSISTANCE › Part B— Federal Family Education Loan Program › § 1087–4
Summary
The Student Loan Marketing Association and any successor that acts as a secondary market must not deny people access to loans under this part. They must not refuse loans because of race, sex, color, religion, national origin, age, disability, income, or school/program factors (like which eligible school, program length, or academic year).
Full Legal Text
Title 20, §1087–4
Education, Source: USLM XML via OLRC
The Student Loan Marketing Association (and, if the Association is privatized under section 1087–3 of this title, any successor entity functioning as a secondary market for loans under this part, including the Holding Company described in such section) shall not engage directly or indirectly in any pattern or practice that results in a denial of a borrower’s access to loans under this part because of the borrower’s race, sex, color, religion, national origin, age, disability status, income, attendance at a particular eligible institution, length of the borrower’s educational program, or the borrower’s academic year at an eligible institution.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 1087–4, Pub. L. 89–329, title IV, § 440, as added Pub. L. 94–482, title I, § 127(a), Oct. 12, 1976, 90 Stat. 2141, provided for criminal penalties, prior to repeal by Pub. L. 96–374, title IV, § 451(b), Oct. 3, 1980, 94 Stat. 1458, eff. Oct. 1, 1980. See section 1097 of this title.
Reference
Citations & Metadata
Citation
20 U.S.C. § 1087–4
Title 20, Education
Last Updated
Apr 5, 2026
Release point: 119-73not60