Title 20, EducationRelease 119-110

§1092c Simplification of Lending Process for Borrowers

Title 20 › CHAPTER 28 — HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE › SUBCHAPTER IV — STUDENT ASSISTANCE › Part G — General Provisions Relating to Student Assistance Programs › § 1092c

Last updated Sep 22, 2026|Official source

Summary

Lenders must, when possible and with the borrower's help, treat all loans a borrower got under the same section of part B as one loan and send a single bill each month or similar pay period. If one loan is deferred, that deferment applies to the whole combined amount. Guaranty agencies must, when possible and with the borrower's help, make sure a borrower deals with only one lender, one holder, one guaranty agency, and one servicer.

Full Legal Text

Title 20, §1092c

Education, Source: USLM XML via OLRC

(a)All like loans treated as one

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)One lender, one guaranty agency

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

Sep 22, 2026

Release point: 119-110