---
kind: "section"
citation: "34 C.F.R. § 601.11"
title: "34"
number: "601.11"
heading: "Private education loan disclosures and self-certification form."
url: "https://uscodex.org/cfr/34/601.11"
---

# §601.11. Private education loan disclosures and self-certification form.

- (a) A covered institution, or an institution-affiliated organization of such covered institution, that provides information regarding a private education loan from a lender to a prospective borrower must provide private education loan disclosures to the prospective borrower, regardless of whether the covered institution or institution-affiliated organization participates in a preferred lender arrangement.
- (b) **The private education loan disclosures must—**
  - (1) Provide the prospective borrower with the information the Board of Governors of the Federal Reserve System requires to be disclosed under [section 128(e)(1)](/cfr/34/128.md?p=e-1) of the Truth in Lending Act ([15 U.S.C. 1638(e)(1)](/usc/15/1638.md?p=e-1)) for such loan;
  - (2) **Inform the prospective borrower that—**
    - (i) The prospective borrower may qualify for loans or other assistance under title IV of the HEA; and
    - (ii) The terms and conditions of Title IV, HEA program loans may be more favorable than the provisions of private education loans.
- (c) The covered institution or institution-affiliated organization must ensure that information regarding private education loans is presented in such a manner as to be distinct from information regarding Title IV, HEA program loans.
- (d) Upon an enrolled or admitted student applicant's request for a private education loan self-certification form, an institution must provide to the applicant, in written or electronic form—
  - (1) The self-certification form for private education loans developed by the Secretary in consultation with the Board of Governors of the Federal Reserve System, to satisfy the requirements of [section 128(e)(3)](/cfr/34/128.md?p=e-3) of the Truth in Lending Act ([15 U.S.C. 1638(e)(3)](/usc/15/1638.md?p=e-3)); and
  - (2) The information required to complete the form, to the extent the institution possesses such information as specified in [34 CFR 668.14(b)(29)](/cfr/34/668.14.md?p=b-29).

## Notes

### Authority

Authority: 20 U.S.C. 1019-1019d, 1021, 1094(a) and (h).

### Source

Source: 74 FR 55643, Oct. 28, 2009, unless otherwise noted.