### Question
Can you define what third party servicer means?


### Answer
**Third party servicer** is defined as the following in *20 U.S.C. § 1088*:

> any individual, any State, or any private, for-profit or nonprofit organization, which enters into a contract with—


(1) any eligible institution of higher education to administer, through either manual or automated processing, any aspect of such institution's student assistance programs under this subchapter and part C of subchapter I of chapter 34 of title 42

#### Citation:
  - *20 U.S.C. § 1088*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part F-General Provisions Relating to Student Assistance Programs**

