### Question
How is the term loan defined?


### Answer
The term **loan** is defined in *20 U.S.C. § 1132c* as the following:

> a loan made to an eligible institution under the provisions of this part and pursuant to an agreement with the Secretary

#### Citation:
  - *20 U.S.C. § 1132c*
  - Heading: **CHAPTER 27-NATIONAL VOCATIONAL STUDENT LOAN INSURANCE > SUBCHAPTER VII-CONSTRUCTION, RECONSTRUCTION, AND RENOVATION OF ACADEMIC FACILITIES > Part B-Historically Black College and University Capital Financing**

