I have some questions about third party servicer program reviews.
I can assist you with this. The Higher Education Act of 1965 allows institutions of higher education to outsource any aspect of their participation in federal student aid programs.
Were you aware that this act includes services that are necessary for the institution to remain eligible for federal student aid program participation?
No. I didn't know that.
Did you know that the act also includes functions that determine a student's eligibility for federal student aid?
No.
Do you have a question about the act and federal student aid funds?
No.
Did you know that this act also covers services that deliver federal student aid to students?
No, I wasn't aware of that.
Do you have questions about other services covered under the act?
Yes. I do.
What is a third party servicer?
A third party servicer can be an individual, a state, or organization(private, non-profit, profit) that enters into a contract with an institution to administer any aspect of the institution's participation in federal student aid programs.
