Notice: On November 1, 2022, the U.S. Department of Education (Department) published final regulations governing the Federal student loan programs in the Federal Register (87 FR 65904). The final regulations included provisions relating to pre-dispute arbitration and class action waiver requirements imposed by some institutions participating in those programs. The effective date of these pre-dispute arbitration and class action waiver regulations is July 1, 2023.

Please review and sign the acknowledgement of the below:

Pre-dispute Arbitration Agreement Notice:

(The content of the notice is specified in 34 CFR 685.300(f)(3)(iii)(B))

“We agree not to use any pre-dispute arbitration agreement to stop you from bringing a lawsuit concerning our acts or omissions regarding the making of the Federal Direct Loan or the provision by us of educational services for which the Federal Direct Loan was obtained. You may file a lawsuit regarding such a claim, or you may be a member of a class action lawsuit regarding such a claim even if you do not file it. This provision does not apply to any other claims. We agree that only the court is to decide whether a claim asserted in the lawsuit is a claim regarding the making of the Direct Loan or the provision of educational services for which the loan was obtained.”

Class Action Prohibition Arbitration Agreement Notice:

(The content of the notice is specified in 34 CFR 685.300(e)(3)(iii)(B))

“We agree not to use any pre-dispute agreement to stop you from being part of a class action lawsuit in court. You may file a class action lawsuit in court, or you may be a member of a class action lawsuit even if you do not file it. This provision applies only to class action claims concerning our acts or omissions regarding the making of the Federal Direct Loan or the provision by us of educational services for which the Federal Direct Loan was obtained. We agree that the court has exclusive jurisdiction to decide whether a claim asserted in the lawsuit is a claim regarding the making of the Federal Direct Loan or the provision of educational services for which the loan was obtained.”

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Signature Certificate
Document name: EA Addendum
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July 11, 2023 10:32 am EDTEA Addendum Uploaded by Robert Looker - administrator@beal.edu IP 71.255.159.238
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