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Reg Z Private Higher Education Loans

Description: Reg Z Private Higher Education Loans discusses the amendments to Reg Z that apply to any closed-end, non-home secured loan extended expressly, in whole or in part, to be used for post-secondary educational expenses. It discusses the disclosure requirements for such loans and the applicability of the right to cancel.

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

 

Audience: All branch personnel responsible for taking loan applications or speaking to customers about private higher education loans.

 

Learning Objectives: After completing this course, students will be able to:

  • Explain what type of loan qualifies to be a private higher education loan under the Reg Z rules
  • Explain what disclosures are required and when they must be provided
  • Understand how the right to cancel applies to these types of loans

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