In this part:

((1)) ** Agent** The term “agent” means an officer or employee of a covered institution or an institution-affiliated organization.

((2)) ** Covered institution** The term “covered institution” means any institution of higher education, as such term is defined in , that receives any Federal funding or assistance.section 1002 of this title

((3)) ** Education loan** The term “education loan” (except when used as part of the term “private education loan”) means—

((A)) any loan made, insured, or guaranteed under part B of subchapter IV;

((B)) any loan made under part D of subchapter IV; or

((C)) a private education loan.

((4)) ** Eligible lender** The term “eligible lender” has the meaning given such term in .section 1085(d) of this title

((5)) ** Institution-affiliated organization** The term “institution-affiliated organization”—

((A)) means any organization that—

((i)) is directly or indirectly related to a covered institution; and

((ii)) is engaged in the practice of recommending, promoting, or endorsing education loans for students attending such covered institution or the families of such students;

((B)) may include an alumni organization, athletic organization, foundation, or social, academic, or professional organization, of a covered institution; and

((C)) notwithstanding subparagraphs (A) and (B), does not include any lender with respect to any education loan secured, made, or extended by such lender.

((6)) ** Lender** The term “lender” (except when used as part of the terms “eligible lender” and “private educational lender”)—

((A)) means—

((i)) in the case of a loan made, insured, or guaranteed under part B of subchapter IV, an eligible lender;

((ii)) in the case of any loan issued or provided to a student under part D of subchapter IV, the Secretary; and

((iii)) in the case of a private education loan, a private educational lender as defined in ; and

((B)) includes any other person engaged in the business of securing, making, or extending education loans on behalf of the lender.

((7)) ** Officer** The term “officer” includes a director or trustee of a covered institution or institution-affiliated organization, if such individual is treated as an employee of such covered institution or institution-affiliated organization, respectively.

((8)) ** Preferred lender arrangement** The term “preferred lender arrangement”—

((A)) means an arrangement or agreement between a lender and a covered institution or an institution-affiliated organization of such covered institution—

((i)) under which a lender provides or otherwise issues education loans to the students attending such covered institution or the families of such students; and

((ii)) that relates to such covered institution or such institution-affiliated organization recommending, promoting, or endorsing the education loan products of the lender; and

((B)) does not include—

((i)) arrangements or agreements with respect to loans under part D of subchapter IV; or

((ii)) arrangements or agreements with respect to loans that originate through the auction pilot program under .

((9)) ** Private education loan** The term “private education loan” has the meaning given the term in .section 1650 of title 15