Escrow Agent [Education] Law and Legal Definition
According to 34 CFR 682.200 (b) [Title 34 – Education; Subtitle B -- Regulations of the Offices of the Department of Education; Chapter VI -- Office of Postsecondary Education, Department of Education; Part 682 -- Federal Family Education Loan (FFEL) Program; Subpart B -- General Provisions], the term escrow agent means “any guaranty agency or other eligible lender that receives the proceeds of a FFEL program loan as an agent of an eligible lender for the purpose of transmitting those proceeds to the borrower or the borrower's school.”
Legal Definition list
Related Legal Terms
- 107th Meridian Escrow Fund
- 504 Plan [Education]
- Abrogation [Education]
- Academic Competitiveness Grant (ACG) Program [Education]
- Academic Department [Education]
- Academic Field [Education]
- Accreditation (Education)
- Accredited Educational Institution
- Accrediting Agency [Education]
- ACG Scheduled Award [Education]
