20 U.S.C. § 1092c
Simplification of lending process for borrowers
United States · Title 20 — EDUCATION · Status: effective
Cite this
- Citation
- 20 U.S.C. § 1092c, Simplification of lending process for borrowers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/452189
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Full text
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.
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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Higher Education Amendments of 1992