Code of Federal Regulations Title 34. Education § 34.681.30 Which organizations are eligible to apply to be HEAL lenders and holders?

(1) A financial or credit institution (including a bank, savings and loan association, credit union, or insurance company) which is subject to examination and supervision in its capacity as a lender by an agency of the United States or of the State in which it has its principal place of business;

(2) A pension fund approved by the Secretary;

(3) An agency or instrumentality of a State;  and

(4) A private nonprofit entity, designated by the State, regulated by the State, and approved by the Secretary.

(1) Public entities in the business of purchasing student loans;

(2) Navient (formerly known as the Student Loan Marketing Association, or “Sallie Mae”);  and

(3) Other eligible lenders.