Student Loan Policy
The purpose of this Student Loan Policy Template is to address student loan products, underwriting, and related lending operations of a bank, credit union, fintech company, or other type of financial institution to provide a foundation of sound credit decisions and adherence to all applicable laws, rules and regulations.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Risk Management – Topic 4
- Product Definition – Topic 5
- Marketing and Account Acquisition – Topic 6
- Underwriting Standards – Topic 7
- Loan Servicing and Administration – Topic 8
- Collections – Topic 9
- Classification, Charge-Off, Workout and Recovery – Topic 10
- Allowance for Credit Losses and Capital Treatment – Topic 11
- Public Service Loan Forgiveness Program Applicability – Topic 12
- Audit Policy – Topic 13
- Staff Training – Topic 14
- Retention of Documentation – Topic 15
Recent updates to this product:
CFPB Bulletin 2022-03 – Servicer Responsibilities in Public Service Loan Forgiveness Communications
This Student Loan Policy Template (approximately 42 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Consumer Loan Policy Template.
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