Student Loan Policy
This Student Loan Policy Template addresses 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:
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
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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