,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #deif  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #a1 #bjai,ms4 
,om> 7= h]self & ,ms4 ,scanlon7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,education & ,labor  ,a
 ,,bill  ,to improve s]vice to /ud5ts & 
o!r p>ticipants 9 ! ,f$]al /ud5t        
f9ancial assi/ance programs1 to e/abli% 
! ,(fice ( ! ,borr[] ,advocate to       
replace ! ,/ud5t ,loan ,ombudsman1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,/ud5t ,loan ,advocacy 
,act4  #b4 ,p]=mance-bas$ organization =
 deliv]y ( ,f$]al /ud5t f9ancial        
assi/ance  7a7 ,,pbo ,section #ada ( !  
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajah7 is am5d$--  7#a7 9     
subsection 7a71 by am5d+ p>agraph 7#b7  
to read z foll[s3  7#b7 ,purposes ,!    
purposes ( ! ,,pbo are z foll[s3  7,a7  
,to prioritize /ud5ts & borr[]s 9 !     
decisionmak+ process ( ! ,,pbo4  7,b7   
,to improve s]vice to /ud5ts & o!r      
p>ticipants 9 ! ,f$]al /ud5t f9ancial   

assi/ance programs au?oriz$ "u title    
,,iv4  7,c7 ,to make su* programs m     
und]/&able to /ud5ts & _! p>5ts4  7,d7  
,to increase ! effici5cy & effectiv5ess 
( su* programs = /ud5ts & _! p>5ts4     
7,e7 ,to manage ! co/s ( adm9i/]+ su*   
programs4  7,f7 ,to increase !          
acc\ntability ( ! (ficials responsible =
 adm9i/]+ ! op]ational aspects ( su*    
programs4  7,g7 ,to increase ov]sight ( 
in/itutions1 contractors1 & ?ird p>ty   
s]vic]s t p>ticipate 9 ! ,f$]al /ud5t   
f9ancial assi/ance programs au?oriz$ "u 
title ,,iv4  7,h7 ,to provide great]    
flexibility 9 ! managem5t & adm9i/ration
 ( su* programs4  7,i7 ,to implem5t op51
 common1 integrat$ sy/ems = ! deliv]y ( 
,f$]al /ud5t f9ancial assi/ance programs
 au?oriz$ "u title ,,iv4  7,j7 ,to      
develop & ma9ta9 a /ud5t f9ancial       
assi/ance sy/em t conta9s complete1     
accurate1 & timely data to ensure       
program integrity4  7,k7 ,to increase   
transp>5cy 9 ! op]ations & outcomes (   
,f$]al /ud5t f9ancial assi/ance programs

 au?oriz$ "u title ,,iv4  2  7#b7 9     
subsection 7b7-- 7,a7 9 p>agraph 7#a7-- 
7i7 by r$esignat+ subp>agraphs 7,b7 &   
7,c7 z subp>agraphs 7,c7 & 7,d71        
respectively2 &  7ii7 by ins]t+ aft]    
subp>agraph 7,a7 ! foll[+3  7,b7        
implem5t ov]sight & acc\ntability       
measures to ensure t ! ,,pbo c>ries out 
its duties "u ?is section effici5tly1   
effectively1 & 9 a mann] t accompli%es !
 purposes specifi$ 9 subsection 7a77#b72
  2  7,b7 9 p>agraph 7#b77;,a7-- 7i7 by 
r$esignat+ clauses 7ii7 ?r\gh 7vi7 z    
clauses 7iii7 ?r\gh 7vii72  7ii7 by     
ins]t+ aft] clause 7i7 ! foll[+3  7ii7 9
 accordance ) p>agraph 7#c71 !          
collection1 publication1 & %>+ (        
longitud9al data t may be us$ to        
evaluate ,f$]al /ud5t f9ancial assi/ance
 programs au?oriz$ "u title ,,iv1       
includ+ ! outcomes su* programs a*ieve2 
2 &  7iii7 9 clause 7vii71 z s          
r$esignat$1 by ins]t+ 1 includ+ ov]sight
 ( in/itutions1 contractors1 & ?ird p>ty
 s]vic]s t p>ticipate 9 su* programs    

aft] title ,,iv 2  7,c7 by r$esignat+   
p>agraphs 7#c7 ?r\gh 7#f7 z p>agraphs   
7#d7 ?r\gh 7#g71 respectively2 &  7,d7  
by ins]t+ aft] p>agraph 7#b7 ! foll[+3  
7#c7 ,collection1 %>+1 & publication (  
data  7,a7 ,collection ,! ,,pbo %all    
collect longitud9al data1 includ+       
/ud5t-level data1 t %all be us$ to      
evaluate ,f$]al /ud5t f9ancial assi/ance
 programs au?oriz$ "u title ,,iv4  7,b7 
,%>+ ) ,,nces ,! ,,pbo %all make ! data 
collect$ "u subp>agraph 7,a7 available  
to ! ,commission] ( ! ,national ,c5t] = 
,education ,/ati/ics = purposes ( rese>*
 & policy analysis4  7,c7 ,%>+ )        
rese>*]s ,! ,commission] ( ! ,national  
,c5t] = ,education ,/ati/ics %all make !
 data %>$ "u subp>agraph 7,b7 available 
to rese>*]s = vett$ rese>* & evaluation 
purposes4 ,data made available to       
rese>*]s "u ?is subp>agraph %all n      
include any data t w\ld reveal p]sonally
 id5tifiable in=mation4  7,d7           
,publication  7i7 ,9 g5]al ,n less      
frequ5tly ?an once annually1 & subject  

to clause 7ii71 ! ,,pbo %all make ! data
 collect$ "u subp>agraph 7,a7 available 
on a publicly accessible website ( !    
,dep>tm5t ( ,education 9 a =mat t       
enables memb]s ( ! public to easily     
retrieve1 sort1 & analyze ! data4  7ii7 
,privacy protections ,! data made       
available "u clause 7i7 %all n include--
 7,i7 /ud5t-level data2 or  7,,ii7 any  
data t w\ld reveal p]sonally id5tifiable
 in=mation ab\t an individual /ud5t4  4 
7#c7 by am5d+ subsection 7c7 to read z  
foll[s3  7c7 ,p]=mance plan1 report1 &  
brief+  7#a7 ,p]=mance plan  7,a7 ,9    
g5]al ,n lat] ?an "o ye> aft] ! date ( !
 enactm5t ( ! ,/ud5t ,loan ,advocacy    
,act1 & n less ?an once e five ye>s     
!reaft]1 ! ,secret>y & ,*ief ,op]at+    
,(fic] %all agree on a p]=mance plan = !
 ,,pbo = ! succe$+ #e ye>s t--  7i7     
e/abli%es measurable quantitative &     
qualitative goals & objectives = !      
organization2 &  7ii7 aligns su* goals &
 objectives ) ! purposes specifi$ 9     
subsection 7a77#b74  7,b7 ,consultation 

,9 develop+ ! five-ye> p]=mance plan &  
any revision to ! plan1 ! ,secret>y & ! 
,*ief ,op]at+ ,(fic] %all consult )     
/ud5ts1 in/itutions1 ,congress1         
contractors1 ! ,borr[] ,advocate1 /ud5t 
aid exp]ts1 includ+ consum] advocacy &  
rese>* gr\ps1 ! ,director ( ! ,bureau ( 
,consum] ,f9ancial ,protection1 ,/ate   
attorneys g5]al1 & o!r relevant p>ties4 
7,c7 ,revisions ,! ,secret>y & ,*ief    
,op]at+ ,(fic] may annually update !    
plan "u p>agraph 7#a7 to incorporate !  
recomm5dations made pursuant to !       
consultation requir$ "u subp>agraph 7,b7
 t are accept$ by ! ,secret>y & ! ,*ief 
,op]at+ ,(fic]4  7,d7 ,areas ,! plan    
develop$ "u subp>agraph 7,a7 %all       
address ! responsibilities ( ! ,,pbo 9 !
 foll[+ areas3  7i7 ,improv+ s]vice to  
/ud5ts & o!r p>ticipants 9 ! ,f$]al     
/ud5t f9ancial assi/ance programs       
au?oriz$ "u title ,,iv1 includ+ mak+ ^? 
programs m und]/&able & accessible to   
/ud5ts & _! p>5ts4  7ii7 ,manag+ ! co/s 
& increas+ ! effici5cy ( su* programs4  

7iii7 ,improv+1 integrat+1 & inve/+ 9 ! 
sy/ems t support su* programs4  7iv7    
,develop+ op51 common1 & integrat$      
sy/ems = su* programs4  7v7 ,!          
collection1 publication1 & %>+ ( data on
 su* programs z describ$ 9 subsection   
7b77#c74  7vi7 ,improv+ p]=mance /&>ds &
 outcomes ) respect to in/itutions1     
contractors1 & ?ird p>ty s]vic]s t act z
 ag5ts ( ! ,dep>tm5t or z ag5ts (       
in/itutions t p>ticipate 9 su* programs4
  7vii7 ,any o!r areas id5tifi$ by !    
,secret>y4  7,e7 ,public availability   
,ea* plan develop$ "u subp>agraph 7,a7  
%all be made available on a publicly    
accessible website ( ! ,dep>tm5t (      
,education4  7#b7 ,annual report  7,a7  
,report requir$ ,n lat] ?an "o ye> aft] 
! date ( ! enactm5t ( ! ,/ud5t ,loan    
,advocacy ,act & annually !reaft]1 !    
,secret>y1 act+ ?r\gh ! ,*ief ,op]at+   
,(fic]1 %all submit to ,congress an     
annual report on ! p]=mance ( ! ,,pbo4  
7,b7 ,cont5ts ,! annual report %all     
include ! foll[+3 7i7 ,an evaluation ( !

 ext5t to :i* ! ,,pbo met ! goals &     
objectives conta9$ 9 ! five-ye> p]=mance
 plan describ$ 9 p>agraph 7#a7 = !      
prec$+ ye>4  7ii7 ,a summ>y ( !         
consultation process "u p>agraph        
7#a77;,b7 = ! prec$+ ye>1 includ+ !     
recomm5dations t 7 accept$ or d5i$ by ! 
,*ief ,op]at+ ,(fic] dur+ su* ye>1 & !  
rationale = accept+ or d5y+ su*         
recomm5dations4  7iii7 ,an indep5d5t    
f9ancial audit ( ! exp5ditures ( bo? !  
,,pbo & ! programs adm9i/]$ by ! ,,pbo4 
7iv7 ,a summ>y ( ! actions tak5 by !    
,,pbo to address-- 7,i7 ! f9d+s ( !     
audit describ$ 9 clause 7iii72 &  7,,ii7
 consum] fe$back4  7v7 ,f9ancial &      
p]=mance requirem5ts applicable to !    
,,pbo "u--  7,i7 ! ,*ief ,f9ancial      
,(fic]s ,act ( #aiij 7,public ,law      
#aja-egf72 or  7,,ii7 ! ,gov]nm5t       
,p]=mance & ,results ,act ( #aiic       
7,public ,law #ajc-fb74  7vi7 ,! results
 a*iev$ by ! ,,pbo dur+ ! prec$+ ye> &  
:e!r su* results met ! goals specifi$ 9 
! p]=mance plan "u p>agraph 7#a74  7vii7

 ,) respect to ! prec$+ ye>1 !          
evaluation rat+ ( ! p]=mance ( ! ,*ief  
,op]at+ ,(fic] & s5ior manag]s "u       
subsections 7d77#e7 & 7e77#b71 includ+ !
 am\nts ( bonus comp5sation aw>d$ to !  
,*ief ,op]at+ ,(fic] & s5ior manag]s4   
7viii7 ,recomm5dations = legislative &  
regulatory *anges to improve s]vice to  
/ud5ts & _! families1 & to improve !    
effici5cy & integrity ( ,f$]al /ud5t    
f9ancial assi/ance programs au?oriz$ "u 
title ,,iv4  7ix7 ,f9ancial /atem5ts t  
provide a rationale = appropriately     
fund+ ! activities ( ! ,,pbo4  7x7 ,a   
summ>y ( ! managem5t & compliance (     
contractors manag$ by ! ,,pbo 9 ! prec$+
 ye>1 includ+ corrective actions tak5 by
 ! ,,pbo ) respect to su* contractors4  
7xi7 ,a description ( h[ ! ,,pbo us$ !  
au?ority "u p>agraph 7#e7 ( subsection  
7b7 = mak+ p]sonnel & procurem5t        
decisions 9 ! prec$+ ye>1 includ+ !     
numb] ( individuals hir$ ?r\gh su*      
au?ority & ! bonuses provid$ to /aff    
dur+ su* ye>4  7xii7 ,a summ>y ( !      

ov]sight activities ( in/itutions1      
contractors1 & ?ird p>ty s]vic]s t      
p>ticipate 9 ! ,f$]al /ud5t f9ancial    
assi/ance programs au?oriz$ "u title    
,,iv includ+--  7,i7 f9es levi$ on su*  
in/itutions1 contractors1 & ?ird p>ty   
s]vic]s1 disaggregat$ by entity2  7,,ii7
 in/ances ( fraud or misrepres5tation by
 su* in/itutions1 contractors1 or ?ird  
p>ty s]vic]s2 &  7,,iii7 violations (   
provisions 9 ?is ,act by su*            
in/itutions1 contractors1 or ?ird p>ty  
s]vic]s disaggregat$ by entity & type ( 
violation4  7xiii7 ,a summ>y ( any      
improvem5ts made ) respect to transp>5cy
 & any new types ( data made available 9
 ! prec$+ ye>4  7xiv7 ,a description ( !
 progress made 9 ! prec$+ ye> t[>ds !   
specific measurable organization &      
individual goals specifi$ 9 subsection  
7d77#e77;,a74  7xv7 ,! report submitt$  
to ! ,secret>y "u subsection 7f77#g74   
7xvi7 ,o!r su* in=mation z ! ,director (
 ! ,(fice ( ,managem5t & ,budget %all   
prescribe = p]=mance bas$ organizations4

  7#c7 ,consultation ) /akehold]s ,!    
,*ief ,op]at+ ,(fic]1 9 prep>+ ! annual 
report describ$ 9 p>agraph 7#b71 %all   
e/abli% appropriate means to consult )  
/ud5ts1 borr[]s1 in/itutions1 /ud5t aid 
exp]ts1 includ+ consum] advocacy &      
rese>* gr\ps1 ! ,director ( ! ,bureau ( 
,consum] ,f9ancial ,protection1 & o!rs  
involv$ 9 ! deliv]y & evaluation ( /ud5t
 aid "u title ,,iv--  7,a7 reg>d+ !     
degree ( satisfaction ) ! deliv]y sy/em2
 &  7,b7 to seek sugge/ions on means to 
improve ! p]=mance ( ! deliv]y sy/em4   
7#d7 ,brief+ on en=cem5t ( program      
integrity ,! ,secret>y %all1 at ! reque/
 ( ! au?oriz+ committees1 provide to !  
au?oriz+ committees a brief+ on ! /eps !
 ,dep>tm5t ( ,education has tak5 to     
ensure--  7,a7 ! exp]i5ces ( /ud5ts &   
borr[]s are acc\nt$ = 9 decision mak+2 &
  7,b7 t contractors1 l5d]s1 & gu>anty  
ag5cies & ?ird p>ty s]vic]s are adh]+ to
 ! requirem5ts ( title ,,iv1 ! t]ms (   
any contract ) ! ,secret>y1 consum]     
protection laws1 ,f$]al regulations &   

guidel9es1 & directives ( ! ,,pbo4  7#e7
 ,coord9ation ) ! ,director ( ! ,bureau 
( ,consum] ,f9ancial ,protection ,n lat]
 ?an #ahj days aft] ! date ( ! enactm5t 
( ! ,/ud5t ,loan ,advocacy ,act1 !      
,secret>y %all ent] into a memor&um (   
und]/&+ ) ! ,private ,education ,loan   
,ombudsman 9 accordance ) section       
#ajce7;c77#b7 ( ! ,dodd-,frank ,wall    
,/reet ,re=m & ,consum] ,protection ,act
 7#ab ,u4,s4,c4 #eece7;c77#b774  4  7#d7
 9 subsection 7d7-- 7,a7 9 p>agraph     
7#a71 by /rik+ managem5t ability & all t
 foll[s ?r\gh ! p]iod at ! end & ins]t+ 
managem5t ability1 includ+ contractor   
managem5t1 exp]tise 9 ! ,f$]al /ud5t    
f9ancial assi/ance programs au?oriz$ "u 
title ,,iv1 exp]i5ce ) f9ancial sy/ems1 
& k ( consum] f9ancial protection laws1 
& )\t reg>d to political affiliation or 
activity42  7,b7 by r$esignat+ p>agraphs
 7#b7 ?r\gh 7#e7 z p>agraphs 7#c7 ?r\gh 
7#f72  7,c7 by ins]t+ aft] p>agraph 7#a7
 ! foll[+3  7#b7 ,re/rictions  7,a7     
,pres]vice & 9-s]vice re/rictions ,an   

individual may n s]ve z ! ,*ief ,op]at+ 
,(fic] if su* individual-- 7i7 is       
employ$ by1 or has a f9ancial int]e/ 91 
an entity t contracts ) ! ,,pbo2 or     
7ii7 0 employ$ by1 or _h a f9ancial     
int]e/ 91 any su* entity 9 any ( ! five 
ye>s prec$+ ! date ( ! individual's     
appo9tm5t z ! ,*ief ,op]at+ ,(fic]4     
7,b7 ,po/s]vice re/rictions ,an         
individual :o s]v$ z ! ,*ief ,op]at+    
,(fic] may n accept employm5t ) an      
entity t contracts ) ! ,,pbo until a    
p]iod ( five ye>s has elaps$ foll[+ !   
date on :i* su* individual's s]vice z ! 
,*ief ,op]at+ ,(fic] t]m9at$4  2  7,d7 9
 p>agraph 7#e71 z s r$esignat$-- 7i7 9  
subp>agraph 7,a7--  7,i7 by ins]t+      
specific be=e measurable2 &  7,,ii7 by  
ins]t+ & metrics us$ to measure progress
 t[>d su* goals be=e ! p]iod2 &  7ii7 9 
subp>agraph 7,b71 by ins]t+ on ! website
 ( ! ,dep>tm5t be=e ! p]iod2 &  7,e7 9  
p>agraph 7#f71 z s r$esignat$1 by am5d+ 
subp>agraph 7,b7 to read z foll[s3  7,b7
 ,bonus au?oriz$ ,! ,secret>y may pay to

 ! ,*ief ,op]at+ ,(fic] a bonus 9 an    
am\nt t does n exce$ #ej p]c5t ( su*    
annual rate ( basic pay4 ,! decision to 
pay su* a bonus1 & ! am\nt ( ! bonus1   
%all be bas$ solely on ! ,secret>y's    
evaluation ( ! p]=mance ( ! ,*ief       
,op]at+ ,(fic] ) respect to ! goals set 
=? 9 ! p]=mance agreem5t z describ$ 9   
p>agraph 7#e77;,a74  2  7#e7 9          
subsection 7e77#b71 by /rik+            
organization & individual goals & ins]t+
 specific1 measurable organization &    
individual goals & ! metrics us$ to     
measure progress t[>d su* goals4        
,p]=mance agreem5ts = s5ior managem5t   
responsible = procurem5t %all include   
metrics t measure ability to ov]see     
contractors42  7#f7 by am5d+ subsection 
7f7 to read z foll[s3  7f7 ,borr[]      
,advocate  7#a7 ,9 g5]al ,!re is        
e/abli%$ 9 ! ,,pbo an ,(fice ( ! ,borr[]
 ,advocate 7ref]r$ to 9 ?is subsection z
 ! ,(fice74 ,! function ( ! ,(fice %all 
be to provide timely assi/ance to       
borr[]s ( loans made1 insur$1 or        

gu>ante$ "u title ,,iv by p]=m+ ! duties
 describ$ 9 p>agraph 7#f74  7#b7 ,head (
 ,(fice ,!re %all be an (ficial kn[n z !
 ,borr[] ,advocate :o %all s]ve z ! head
 ( ! ,(fice4 ,! ,borr[] ,advocate %all  
be appo9t$ by ! ,secret>y f among       
individuals :o h work$ closely ) !      
,f$]al /ud5t loan programs au?oriz$ "u  
title ,,iv4  7#c7 ,removal ,! ,borr[]   
,advocate may be remov$ only by !       
,secret>y :o %all communicate ! reasons 
= any su* removal to ! au?oriz+         
committees4  7#d7 ,re/rictions  7,a7    
,pres]vice & 9-s]vice re/rictions ,an   
individual may n s]ve z ! ,borr[]       
,advocate if su* individual-- 7i7 is    
employ$ by1 or has a f9ancial int]e/ 91 
an entity t contracts ) ! ,,pbo2 or     
7ii7 0 employ$ by1 or _h a f9ancial     
int]e/ 91 any su* entity 9 any ( ! five 
ye>s prec$+ ! date ( ! individual's     
appo9tm5t z ! ,borr[] ,advocate4  7,b7  
,po/s]vice re/rictions ,an individual :o
 s]v$ z ! ,borr[] ,advocate may n accept
 employm5t ) an entity t contracts ) !  

,,pbo until a p]iod ( five ye>s has     
elaps$ foll[+ ! date on :i* su*         
individual's s]vice z ! ,borr[]         
,advocate t]m9at$4  7#e7 ,/aff ,! ,(fice
 %all be /aff$ suffici5tly to c>ry out !
 responsibilities ( ! ,(fice "u ?is     
subsection4  7#f7 ,duties ( ! ,borr[]   
,advocate ,! ,(fice ( ! ,borr[]         
,advocate %all-- 7,a7 assi/ borr[]s (   
loans made1 insur$1 or gu>ante$ "u title
 ,,iv 9 resolv+ problems ) ! ,,pbo & its
 contractors or o!r ag5ts1 includ+ by-- 
7i7 receiv+ & review+ compla9ts ( su*   
problems f borr[]s2  7ii7 work+ to      
resolve su* compla9ts 9 a mann] t is 9 !
 be/ int]e/s ( borr[]s2 &  7iii7        
transmitt+ su* compla9ts to ,/ates &    
recogniz$ accr$it+ ag5cies or           
associations1 z appropriate2  7,b7      
attempt to resolve compla9ts )9 !       
,dep>tm5t ( ,education & ) in/itutions (
 high] education1 l5d]s1 gu>anty        
ag5cies1 loan s]vic]s1 & o!r p>ticipants
 9 ! ,f$]al /ud5t loan programs au?oriz$
 "u title ,,iv 9 a mann] t w improve !  

exp]i5ce ( ! borr[]2  7,c7 compile &    
analyze data on borr[] compla9ts & %>e  
su* data ) ! ,director ( ! ,bureau (    
,consum] ,f9ancial ,protection2  7,d7   
publi%1 ) any p]sonally id5tifiable     
in=mation r$act$1 su* compla9ts &       
responses ( ! ,secret>y to su* compla9ts
 on ! website ( ! ,dep>tm5t2 &  7,e7    
make appropriate recomm5dations to      
,congress1 ! ,*ief ,op]at+ ,(fic]1 &    
,secret>y ) respect to ,f$]al /ud5t loan
 programs au?oriz$ "u title ,,iv & !    
exp]i5ces ( borr[]s 9 repaym5t ( loans  
"u su* programs4  7#g7 ,public in=mation
 ,! ,*ief ,op]at+ ,(fic] %all e/abli% & 
ma9ta9 a public page on ! website ( !   
,dep>tm5t ( ,education exclusively to   
provide memb]s ( ! public ) in=mation   
ab\t ! role ( ! ,,pbo ) respect to !    
ov]sight ( in/itutions ( high]          
education1 l5d]s1 gu>anty ag5cies1      
contractors t contract ) ! ,,pbo1       
subcontractors ( su* contractors1 & ?ird
 p>ty s]vic]s4  7#h7 ,report ,on an     
annual basis1 ! ,borr[] ,advocate %all  

submit to ! ,*ief ,op]at+ ,(fic] a      
report on ! activities ( ! ,(fice dur+ !
 prec$+ ye> t--  7,a7 id5tifies !       
activities c>ri$ out by ! ,borr[]       
,advocate2  7,b7 summ>izes ! compla9ts  
receiv$ f borr[]s1 includ+ ! numb] ( su*
 compla9ts1 & expla9s ! activities      
und]tak5 by ! ,,pbo to address su*      
compla9ts2  7,c7 proposes *anges 9 !    
adm9i/rative practices ( ! ,,pbo to     
mitigate problems exp]i5c$ by borr[]s2 &
  7,d7 id5tifies pot5tial legislative   
*anges :i* may be appropriate to        
mitigate su* problems4  2  7#g7 by      
r$esignat+ subsection 7i7 z subsection  
7j72 &  7#h7 by ins]t+ aft] subsection  
7h7 ! foll[+3  7i7 ,?ird p>ty s]vic]    
def9$ ,9 ?is section1 ! t]m ?ird p>ty   
s]vic] has ! mean+ giv5 t t]m 9 section 
#dha7;c74  4  7b7 ,def9ition (          
?ird-,p>ty s]vic] ,section #dha7;c7 ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhh7;c77 is am5d$-- 7#a7 9 !
 matt] prec$+ p>agraph 7#a71 by /rik+   
contract & ins]t+ contract or o!r       

agreem5t1 includ+ a rev5ue %>+          
arrangem5t12 &  7#b7 9 p>agraph 7#a71 by
 /rik+ 1 ?r\gh ei!r manual or automat$  
process+1 any aspect ( su* in/itution's 
/ud5t assi/ance programs & ins]t+       
s]vices on behalf ( ! in/itution receiv+
 /ud5t assi/ance funds 4  7c7 ,con=m+   
am5dm5ts  7#a7 ,section #dcc7;b77#ac7 ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajhc7;b77#ac77 is am5d$ by   
/rik+ ,/ud5t ,loan ,ombudsman & ins]t+  
,borr[] ,advocate4  7#b7 ,section       
#dcc7;e77#c77;,e7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4             
#ajhc7;e77#c77;,e77 is am5d$ by /rik+   
,/ud5t ,loan ,ombudsman & ins]t+ ,borr[]
 ,advocate4