---
kind: "section"
citation: "42 U.S.C. § 292v"
title: "42"
title_heading: "The Public Health and Welfare"
number: "292v"
heading: "Provision by schools of information to students"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/42/292v"
units:
  - "Chapter 6A — Public Health Service"
  - "Subchapter V — Health Professions Education"
  - "Part A — Student Loans"
  - "Subpart ii — federally-supported student loan funds"
---

# §292v. Provision by schools of information to students

- (a) **In general—** With respect to loans made by a [school](/usc/42/300j–21.md?p=6) under this subpart after June 30, 1986, each [school](/usc/42/300j–21.md?p=6), in order to carry out the provisions of sections [292q](/usc/42/292q.md) and [292r](/usc/42/292r.md) of this title, shall, at any time such [school](/usc/42/300j–21.md?p=6) makes such a loan to a student under this subpart, provide thorough and adequate loan information on loans made under this subpart to the student. The loan information required to be provided to the student by this subsection shall include—
  - (1) the yearly and cumulative maximum amounts that may be borrowed by the student;
  - (2) the terms under which repayment of the loan will begin;
  - (3) the maximum number of years in which the loan must be repaid;
  - (4) the interest rate that will be paid by the borrower and the minimum amount of the required monthly payment;
  - (5) the amount of any other fees charged to the borrower by the lender;
  - (6) any options the borrower may have for deferral, cancellation, prepayment, consolidation, or other refinancing of the loan;
  - (7) a definition of default on the loan and a specification of the consequences which will result to the borrower if the borrower defaults, including a description of any arrangements which may be made with credit bureau organizations;
  - (8) to the extent practicable, the effect of accepting the loan on the eligibility of the borrower for other forms of student assistance; and
  - (9) a description of the actions that may be taken by the Federal Government to collect the loan, including a description of the type of information concerning the borrower that the Federal Government may disclose to (A) officers, [employees](/usc/42/300gg–91.md?p=d-5), or agents of the Department of Health and Human [Services](/usc/42/201.md?p=a), (B) officers, [employees](/usc/42/300gg–91.md?p=d-5), or agents of [schools](/usc/42/300j–21.md?p=6) with which the [Secretary](/usc/42/292o.md?p=6) has an agreement under this subpart, or (C) any other person involved in the collection of a loan under this subpart.
- (b) **Statement regarding loan—** Each [school](/usc/42/300j–21.md?p=6) shall, immediately prior to the graduation from such [school](/usc/42/300j–21.md?p=6) of a student who receives a loan under this subpart after June 30, 1986, provide such student with a statement specifying—
  - (1) each amount borrowed by the student under this subpart;
  - (2) the total amount borrowed by the student under this subpart; and
  - (3) a schedule for the repayment of the amounts borrowed under this subpart, including the number, amount, and frequency of payments to be made.

## Source credit

(July 1, 1944, ch. 373, title VII, § 726, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 2020.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 726 of act July 1, 1944, was classified to section 293f of this title prior to the general revision of this subchapter by Pub. L. 102–408.

Another prior section 726 of act July 1, 1944, was classified to section 293f of this title prior to repeal by Pub. L. 94–484.