Inapplicability of chapter 1 of title 9, United States Code, to enrollment agreements made between students and certain institutions of higher education

(a) In General Chapter 1 of title 9 of the United States Code (relating to the enforcement of arbitration agreements) shall not apply to an enrollment agreement made between a student and an institution of higher education. (b) Definitions In this section: (1) Enrollment agreement The term enrollment agreement means any contract or agreement between a student and an institution of higher education under which the student makes a financial commitment to the institution in exchange for enrollment in a program of study at the institution. (2) Institution of higher education The term institution of higher education has the meaning given such term in section 102 of the Higher Education Act of 1965 (20 U.S.C. 1002).