Title IV, HEA Transaction [Education] Law and Legal Definition
According to 34 CFR 85.1018 [Title 34 – Education; Subtitle A -- Office of the Secretary, Department of Education; Part 85 -- Governmentwide Debarment and Suspension (Nonprocurement); Subpart I – Definitions], the Title IV, HEA transaction includes:
“(a) A disbursement or delivery of funds provided under a title IV, HEA program to a student or borrower;
(b) A certification by an educational institution of eligibility for a loan under a title IV, HEA program;
(c) Guaranteeing a loan made under a title IV, HEA program; and
(d) The acquisition or exercise of any servicing responsibility for a grant, loan, or work study assistance under a title IV, HEA program.”
