; and (ii) report the amount of any increase in the borrower’s total debt with the private educational lender in the period following the most recent loan statement was provided to the borrower. (10) Notification of private educational loan Not later than 3 days after a private educational lender consummates a private education loan with respect to a student attending an institution of higher education, such private educational lender shall notify the institution of higher education the student is to attend of the amount of the private education loan the private educational lender has extended to such student. (11) Annual report Each private educational lender shall, each year, submit to the Bureau information about the private education loans such private educational lender has entered. . (b) Definition of Private Education Loan Section 140(a)(8)(A) of the Truth in Lending Act ( 15 U.S.C. 1650(a)(8)(A) ) is amended— (1) by redesignating clause (ii) as clause (iii); (2) in clause (i), by striking and after the semicolon; and (3) by inserting after clause (i) the following: (ii) is not made, insured, or guaranteed under title VII or title VIII of the Public Health Service Act ( 42 U.S.C. 292 et seq. and 296 et seq.)