New York Codes, Rules and Regulations
Title 8 - EDUCATION DEPARTMENT
Chapter XX - Higher Education Services Corporation
Subchapter D - The New York Higher Education Loan Program (nyhelps)
Part 2213 - The New York Higher Education Loan Program (nyhelps)
Section 2213.3 - College eligibility requirements

(1) meet the definition of an eligible college as defined in section 2213.1(l) of this Part;

(2) certify each participating student's program loan eligibility in a format prescribed by the corporation;

(3) enter into an agreement with the corporation to participate in and administer the program according to the rules and regulations of the corporation; and

(4) contribute a college default fee as determined by the corporation on an annual basis, subject to the approval of the agency, or other public benefit corporation authorized to issue bonds under the Public Authorities Law for purposes of this program, with respect to loans that are expected to be financed by such entity to the extent permitted by statute, which shall not be assessed to the student or eligible borrower. An entity other than the student or borrower may be permitted to pay the college default fee on behalf of a college consistent with applicable laws.