On August 14, 2008, a new comprehensive federal law took effect. The Higher Education Opportunity Act of 2008 (H.R. 4137) contains important provisions that apply to UT System institutions and that govern lender lists as well as gifts from lenders.
The new federal law requires institutions of higher education that participate in federal student loan programs to adopt a code of conduct for officers, employees, and agents who have responsibility with respect to those loans. Additionally, the new law imposes additional restrictions and disclosure requirements concerning lender lists.
The Office of General Counsel is currently completing a summary of these provisions of the new law and will distribute that summary as soon as it is available. If you have any questions, please do not hesitate to contact us.
