§668.94. Limitation.
34 C.F.R. § 668.94
A limitation may include, as appropriate to the Title IV, HEA program in question—
A limit on the number or percentage of students enrolled in an institution who may receive Title IV, HEA program funds;
A limit, for a stated period of time, on the percentage of an institution's total receipts from tuition and fees derived from Title IV, HEA program funds;
A limit on the number or size of institutions with which a third-party servicer may contract;
A limit on the number of borrower or loan accounts that a third-party servicer may service under a contract with an institution;
A limit on the responsibilities that a third-party servicer may perform under a contract with an institution;
A requirement for a third-party servicer to perform additional responsibilities under a contract with an institution;
A requirement that an institution obtain surety, in a specified amount, to assure its ability to meet its financial obligations to students who receive Title IV, HEA program funds;
A change in the participation status of the institution from fully certified to participate to provisionally certified to participate under § 668.13(c).
A requirement that a third-party servicer obtain surety, in a specified amount, to assure the servicer's ability to meet the servicer's financial obligations under a contract; or
Other conditions as may be determined by the Secretary to be reasonable and appropriate.
Notes, amendments, and revision history
Amendments
[59 FR 22450, Apr. 29, 1994. 81 FR 76072, Nov. 1, 2016. Redesignated at 82 FR 6257, Jan. 17, 2017]
Source
Source: 51 FR 43325, Dec. 1, 1986, unless otherwise noted.
Authority
Authority: 20 U.S.C. 1001-1003, 1070g, 1085, 1088, 1091, 1092, 1094, 1099c, 1099c-1, 1221e-3, and 1231a, unless otherwise noted.
Amendments
[59 FR 22450, Apr. 29, 1994. 81 FR 76072, Nov. 1, 2016. Redesignated at 82 FR 6257, Jan. 17, 2017]