Expired Private Educational Loan Applicant Self Certification Form

Pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e)(3) of the Truth in Lending Act, a lender must obtain a self-certification signed by the applicant before disbursing a private education loan. The current form lists an expiration date of 5/31/2016 and to date, an updated form has not been provided. According to the February 29, 2016 Federal Register, a new form was submitted for approval…but you know; these things take an act of congress. Literally! In the absence of guidance from Ed, schools should continue to use the existing form until a new form is provided (I’ve emailed Ed).

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