I can help you with that. The Higher Education Act of 1965 allows institutions of higher education to outsource all aspects of their participation in federal student aid programs.
Did you know that this Act also includes services necessary for the institution to remain eligible for participation in the federal student aid program?
No. I didn't know about that.
Were you aware that this also includes services that determine a student's eligibility for federal student aid?
No.
Did you know the Act also covers services that help to account for federal student aid funds?
No. I didn't know that either.
This Act also includes functions that deliver federal student aid to students. Would you like more information about this?
No. That's okay.
Lastly, this Act covers services and functions that are necessary to perform any other aspect of the administration of the federal aid programs. Do you have questions about this?
Yes. I need clarification on that.
How does it work for third party servicers who contract with an institution?