Shows how ED evaluates a school's capability to properly administer U.S. Title IV funds before approving foreign schools to participate in the FFEL programs; describes the audits and reviews used to check the school's continuing eligibility to participate.

Outlines Title IV school and program eligibility standards, describes steps schools must follow for initial certification and recertification, and identifies conditions that may affect a school's eligibility to participate in the FFEL programs.

Describes the additional eligibility requirements for foreign graduate and medical schools and foreign veterinary schools participating in the FFEL programs.

Describes the five types of reviews that are performed at schools to assess their compliance with federal student aid law and regulations.