The University of California Office of the President invites comments on a proposed Presidential Policy on Educational Loan Practices. The policy is proposed to be revised and includes the following key issues:
- The federal Consumer Financial Protection Bureau issued guidance on § 1026.46(b)(5) Regulation Z clarifying that their supervisory authority extends to school entities when they offer private education loans as defined in section 140 of the Truth in Lending Act, 15 U.S.C. 1650. Private education loan includes “billing plans” with extension of credit longer than one year, even if there is no interest charged. As loans, these “billing plans,” also known as deferred tuition programs, would need to follow all the various relevant provisions and guidance surrounding Regulation Z.
- The purpose of UC’s Educational Loan Practices policy is to ensure the protection of students through our systemwide assessment of educational loans. UCOP conferred with outside counsel who advised of the risk to the system if these types of plans were not addressed in current systemwide policy.
The proposed revisions may be viewed at https://ucanr.edu/site/policy-compliance-and-programmatic-agreements/systemwide-policy-revisions-employee-comments
If you have any questions or if you wish to comment, please contact Robin Sanchez at rgsanchez@ucanr.edu, no later than January 27, 2026. Please indicate “Responding to Educational Loan Practices” in the subject line.