This course discusses the amendments to Reg Z that apply to any closed-end, non-home secured loan extended expressly, in whole or in part, to be used for post-secondary educational expenses. It discusses the disclosure requirements for such loans and the applicability of the right to cancel.
After completing this course, students will be able to:
• Explain what type of loan qualifies to be a private higher education loan under the Reg Z rules
• Explain what disclosures are required and when they must be provided
• Understand how the right to cancel applies to these types of loans