### Question
How is the "nationally recognized statistical rating organization" defined?


### Answer
The term **nationally recognized statistical rating organization** is defined in *20 U.S.C. § 1087* as follows -

> any nationally recognized statistical rating organization, as that term is defined in section 78c(a) of title 15

#### Citation:
  - *20 U.S.C. § 1087*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part B-Federal Family Education Loan Program**

