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A limitation may include, as appropriate to the Title IV, HEA program in question—
(a) A limit on the number or percentage of students enrolled in an institution who may receive Title IV, HEA program funds;
(b) A limit, for a stated period of time, on the percentage of an institution's total receipts from tuition and fees derived from Title IV, HEA program funds;
(c) A limit on the number or size of institutions with which a third-party servicer may contract;
(d) A limit on the number of borrower or loan accounts that a third-party servicer may service under a contract with an institution;
(e) A limit on the responsibilities that a third-party servicer may perform under a contract with an institution;
(f) A requirement for a third-party servicer to perform additional responsibilities under a contract with an institution;
(g) A requirement that an institution obtain surety, in a specified amount, to assure its ability to meet its financial obligations to students who receive Title IV, HEA program funds;
(h) A change in the participation status of the institution from fully certified to participate to provisionally certified to participate under § 668.13(c).
(i) A requirement that a third-party servicer obtain surety, in a specified amount, to assure the servicer's ability to meet the servicer's financial obligations under a contract; or
(j) Other conditions as may be determined by the Secretary to be reasonable and appropriate.
(Authority: 20 U.S.C. 1094)
Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.668.94 Limitation - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-668-94/
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