Education Department Issues Updated Guidance on Preferred Lender Lists

The U.S. Department of Education has issued updated guidance on regulations governing preferred lender lists, in light of changes in the education lending marketplace. The new guidance also clarifies the minimum number of unaffiliated lenders a school must have on its lender list. Download a copy of the Department’s Dear College Letter GEN-08-06 from the USA Funds^® Web site, using Adobe Reader.