### Question
How is the term loan defined?


### Answer
The term **loan** is defined in *20 U.S.C. § 1066a* 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. § 1066a*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER III-INSTITUTIONAL AID > Part D-Historically Black College and University Capital Financing**

