20 U.S.C. 1078: Federal payments to reduce student interest costs

2020

• Pub. L. 116–260, §704(6), substituted "student aid index" for "expected family contribution". (Consolidated Appropriations Act, 2021) Law text · (a)
• Pub. L. 116–260, §704(1), substituted "the student aid index" for "the expected family contribution". (Consolidated Appropriations Act, 2021) Law text · (a)
• Pub. L. 116–259, §202(b)(1)(A), substituted "Armed Forces and NOAA Commissioned Officer Corps student loan interest payment programs" for "Armed Forces student loan interest payment program" in heading. (National Oceanic and Atmospheric Administration Commissioned Officer Corps Amendments Act of 2020) Law text · (o)
• Pub. L. 116–259, §202(b)(1)(B), inserted "or section 3078 of title 33" after "section 2174 of title 10" and "or an officer in the commissioned officer corps of the National Oceanic and Atmospheric Administration, respectively," after "Armed Forces". (National Oceanic and Atmospheric Administration Commissioned Officer Corps Amendments Act of 2020) Law text · (o)

2018

• Pub. L. 115–245 added cl. (v). (Department of Defense and Labor, Health and Human Services, and Education Appropriations Act, 2019 and Continuing Appropriations Act, 2019) Law text · (b)

2015

• Pub. L. 114–113, which directed substitution of "100 percent" for "95 percent" in subsec. (c)(1), was executed by making the substitution the first time "95 percent" appeared to reflect the probable intent of Congress. (Consolidated Appropriations Act, 2016) Law text · (c)

2011

• Pub. L. 112–74 amended subcl. (I) generally. Prior to amendment, subcl. (I) read as follows: "which accrues prior to the beginning of the repayment period of the loan, or". (Consolidated Appropriations Act, 2012) Law text · (a)

2010

• Pub. L. 111–152, §2204(a)(1)(A), inserted "for which the first disbursement is made before July 1, 2010, and" after "eligible institution" in introductory provisions. (Health Care and Education Reconciliation Act of 2010) Law text · (a)
• Pub. L. 111–152, §2204(a)(1)(B), substituted "June 30, 2010." for "September 30, 2014, except that, in the case of a loan made or insured under a student loan or loan insurance program to enable a student who has obtained a prior loan made or insured under such program to continue h… (Health Care and Education Reconciliation Act of 2010) Law text · (a)
• Pub. L. 111–152, §2204(b), repealed Pub. L. 110–84, §303. See 2007 Amendment note below. (Health Care and Education Reconciliation Act of 2010) Law text · (b)
• Pub. L. 111–152, §2204(a)(2)(A), inserted "and before July 1, 2010," after "July 1, 2006,". (Health Care and Education Reconciliation Act of 2010) Law text · (b)
• Pub. L. 111–152, §2204(a)(2)(B), inserted "and that are first disbursed before July 1, 2010," after "July 1, 2006,". (Health Care and Education Reconciliation Act of 2010) Law text · (b)
• Pub. L. 111–152, §2204(a)(3), struck out "during fiscal years beginning" after "originated" and inserted "and first disbursed before July 1, 2010," after "October 1, 2003,". (Health Care and Education Reconciliation Act of 2010) Law text · (f)
• Pub. L. 111–152, §2204(a)(4), inserted ", before July 1, 2010," after "section 1085(d)(1)(D) of this title shall". (Health Care and Education Reconciliation Act of 2010) Law text · (j)

2009

• Pub. L. 111–39, §402(f)(1)(A), struck out "and" after semicolon at end. Law text · (a)
• Pub. L. 111–39, §402(a)(1), which directed amendment of cl. (i), as amended by section 303 of Pub. L. 110–84, by striking "or 1087–2(q)", could not be executed because of the repeal of section 303 by Pub. L. 111–152, §2204(b). See 2010 Amendment note above and 2007 Amendment n… Law text · (b)
• Pub. L. 111–39, §402(f)(1)(B)(i), inserted "section" before "1078–2" in concluding provisions. Law text · (b)
• Pub. L. 111–39, §402(f)(1)(B)(ii), substituted "any institution of higher education, any employee of an institution of higher education, or any individual or entity" for "any institution of higher education or the employees of an institution of higher education". Law text · (b)
• Pub. L. 111–39, §402(b)(1), inserted "or 1092(l)" after "section 1092(b)". Law text · (b), (D)
• Pub. L. 111–39, §402(f)(1)(B)(iii), substituted "With respect to the graduate fellowship program referred to in paragraph (1)(M)(i)(II)," for "For the purpose of paragraph (1)(M)(i)(III) of this subsection,". Law text · (b)
• Pub. L. 111–39, §402(f)(1)(B)(iv)(I), struck out "clause (i) or (ii) of" before "subparagraph (A)". Law text · (b)
• Pub. L. 111–39, §402(f)(1)(B)(iv)(II), substituted "subparagraph (A)" for "subparagraph (A)(i)". Law text · (b)
• Pub. L. 111–39, §402(f)(1)(C), substituted "6 months" for "3 months". Law text · (c)

2008

• Pub. L. 110–315, §422(a)(1), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "For the purpose of subparagraph (B) and this paragraph— (Higher Education Opportunity Act) Law text · (a)
• Pub. L. 110–315, §422(b), substituted "2014" for "2012" and "2018" for "2016". (Higher Education Opportunity Act) Law text · (a)
• Pub. L. 110–315, §438(a)(2)(A), struck out "or section 1087–2(q) of this title" before semicolon at end. (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(e)(2), substituted "clause (ii), (iii), or (v)" for "clause (ii) or (iii)". (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(c)(1)(A), added cl. (i) and struck out former cl. (i) which read as follows: "the lender shall determine the eligibility of a borrower for a deferment described in subparagraph (M)(i) based on receipt of— (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(c)(1)(B), (C), added cl. (iii). (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(c)(2), added subcls. (V) to (VII). (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(d), amended par. (3) generally. Prior to amendment, text read as follows: "A guaranty agency shall not— (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §424(b), substituted "section 1078–2 or 1078–3" for "section 1078–1 or 1078–3". (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–227, §3(b), struck out ", 1078–2," after "section 1078–1". Law text · (b)
• Pub. L. 110–315, §422(e)(1), added cl. (v). (Higher Education Opportunity Act) Law text · (b)
• Pub. L. 110–315, §422(f)(1), substituted "default aversion" for "preclaims". (Higher Education Opportunity Act) Law text · (c)
• Pub. L. 110–315, §432(b)(2), substituted "consumer reporting agency" for "credit bureau organization". (Higher Education Opportunity Act) Law text · (c)
• Pub. L. 110–315, §422(f)(2), added cls. (iii) and (iv). (Higher Education Opportunity Act) Law text · (c), (iv)
• Pub. L. 110–315, §103(b)(4)(A), substituted "authorizing committees" for "House Committee on Education and the Workforce and the Senate Committee on Labor and Human Resources". (Higher Education Opportunity Act) Law text · (c)
• Pub. L. 110–315, §422(g)(1), inserted "and section 3937 of title 50" after "(other than this chapter" in introductory provisions. (Higher Education Opportunity Act) Law text · (d)
• Pub. L. 110–315, §422(h), struck out subsec. (e). Text read as follows: "At the time of offering a borrower a loan under this part, and at the time of offering the borrower the option of repaying a loan in accordance with this section, the lender shall provide the borrower with a notic… (Higher Education Opportunity Act) Law text · (e)
• Pub. L. 110–315, §103(b)(4)(B), substituted "authorizing committees" for "Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives" in concluding provisions. (Higher Education Opportunity Act) Law text · (g)
• Pub. L. 110–315, §438(a)(2)(B), struck out subsec. (h) which related to lending by guaranty agencies. (Higher Education Opportunity Act) Law text · (h)
• Pub. L. 110–227, §5(a)(1), after second sentence, inserted "No loan under section 1078, 1078–2, or 1078–8 of this title that is made pursuant to this subsection shall be made with interest rates, origination or default fees, or other terms and conditions that are more favorable to t… Law text · (j)
• Pub. L. 110–227, §5(a)(1), in first sentence, substituted "eligible students and parents who are otherwise unable to obtain loans under this part (except for consolidation loans under section 1078–3 of this title) or who attend an institution of higher education in the State that is designated unde… Law text · (j)
• Pub. L. 110–227, §5(a)(2), inserted ", in the case of students and parents applying for loans under this subsection because of an inability to otherwise obtain loans under this part (except for consolidation loans under section 1078–3 of this title)," after "lender, nor". Law text · (j)
• Pub. L. 110–315, §438(a)(2)(C), inserted "and" at the end of subpar. (C), substituted period for "; and" at the end of subpar. (D), and struck out subpar. (E) which read as follows: "the guaranty agency notifies the Secretary when the guaranty agency believes or has reason… (Higher Education Opportunity Act) Law text · (j)
• Pub. L. 110–227, §5(a)(3), inserted "or designates an institution of higher education for participation in the program under this subsection under paragraph (4)" after "under this part" in first sentence and "or to eligible borrowers who attend an institution in the State that is… Law text · (j)
• Pub. L. 110–227, §5(a)(4), added pars. (4) and (5). Law text · (j), (5)
• Pub. L. 110–350, §2(1), substituted "June 30, 2010" for "June 30, 2009". Law text · (j)
• Pub. L. 110–227, §5(a)(4), added par. (6). Law text · (j)
• Pub. L. 110–350, §2(2), substituted "June 30, 2010" for "June 30, 2009". Law text · (j)
• Pub. L. 110–227, §5(a)(4), added par. (7). Law text · (j)
• Pub. L. 110–227, §5(a)(4), added pars. (8) and (9). Law text · (j), (9)
• Pub. L. 110–350, §2(3)(A), substituted "June 30, 2011" for "June 30, 2010" in introductory provisions. Law text · (j)
• Pub. L. 110–315, §103(b)(4)(C), substituted "authorizing committees" for "Committee on Health, Education, Labor, and Pensions of the Senate and the Committee on Education and Labor of the House of Representatives" in introductory provisions. (Higher Education Opportunity Act) Law text · (j)
• Pub. L. 110–350, §2(3)(B), substituted "June 30, 2010" for "June 30, 2009". Law text · (j)
• Pub. L. 110–350, §2(3)(C), substituted "July 1, 2011" for "July 1, 2010". Law text · (j)
• Pub. L. 110–315, §103(b)(4)(C), substituted "authorizing committees" for "Committee on Health, Education, Labor, and Pensions of the Senate and the Committee on Education and Labor of the House of Representatives" in introductory provisions. (Higher Education Opportunity Act) Law text · (j)
• Pub. L. 110–315, §422(i), added par. (4). (Higher Education Opportunity Act) Law text · (k)
• Pub. L. 110–315, §422(j)(1), inserted "and income-based" after "Income contingent" in heading. (Higher Education Opportunity Act) Law text · (m)
• Pub. L. 110–315, §422(j)(2), inserted "or income-based repayment plan" before ", the terms and conditions" and "or an income-based repayment plan under section 1098e of this title, as the case may be" before the period at end. (Higher Education Opportunity Act) Law text · (m)
• Pub. L. 110–315, §422(j)(3), inserted "or income-based" after "income contingent" in heading. (Higher Education Opportunity Act) Law text · (m)
• Pub. L. 110–315, §103(b)(4)(D), substituted "authorizing committees" for "Committee on Education and the Workforce of the House of Representatives and the Committee on Labor and Human Resources of the Senate". (Higher Education Opportunity Act) Law text · (n)

2007

• Pub. L. 110–84, §303(a), which directed the general amendment of subpar. (G), was repealed by Pub. L. 111–152, §2204(b). (College Cost Reduction and Access Act) Law text · (b)
• Pub. L. 110–84, §202(a), struck out "not in excess of 3 years" before "during" in introductory provisions, substituted comma for "; or" at end of subcl. (II), and inserted concluding provisions. (College Cost Reduction and Access Act) Law text · (b)
• Pub. L. 110–84, §302(b)(1), redesignated subpars. (E) to (H) as (D) to (G), respectively, and struck out former subpar. (D) which read as follows: "Reimbursements of losses made by the Secretary on loans submitted for claim by an eligible lender, servicer, or guaranty agen… (College Cost Reduction and Access Act) Law text · (c)
• Pub. L. 110–84, §301, amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "an amount equal to 24 percent of such payments for use in accordance with section 1072b of this title, except that, beginning on October 1, 2003, this subparagraph shall be applie… (College Cost Reduction and Access Act) Law text · (c)

2006

• Pub. L. 109–171, §8014(j)(1), added subcl. (III). (Deficit Reduction Act of 2005) Law text · (a)
• Pub. L. 109–171, §8004(b)(2), substituted "2012" and "2016" for "2004" and "2008", respectively. (Deficit Reduction Act of 2005) Law text · (a)
• Pub. L. 109–171, §8005(b)(1), substituted "$3,500" for "$2,625". (Deficit Reduction Act of 2005) Law text · (b)
• Pub. L. 109–171, §8005(b)(2), substituted "$4,500" for "$3,500". (Deficit Reduction Act of 2005) Law text · (b)
• Pub. L. 109–171, §8014(a)(1), amended subpar. (G) generally. Prior to amendment, subpar. (G) read as follows: "insures 98 percent of the unpaid principal of loans insured under the program, except that such program shall insure 100 percent of the unpaid principal of loans made wi… (Deficit Reduction Act of 2005) Law text · (b)
• Pub. L. 109–171, §8014(b)(1), amended subpar. (H) generally. Prior to amendment, subpar. (H) read as follows: "provides for collection of a single insurance premium equal to not more than 1.0 percent of the principal amount of the loan, by deduction proportionately from each inst… (Deficit Reduction Act of 2005) Law text · (b)
• Pub. L. 109–171, §8007(a), added cl. (iii) and redesignated former cl. (iii) as (iv). (Deficit Reduction Act of 2005) Law text · (b), (iv)
• Pub. L. 109–171, §8008(a), added cls. (ii) and (iii) and struck out former cl. (ii), which read as follows: "in the case of a student who is studying outside the United States in a program of study abroad that is approved for credit by the home institution at which suc… (Deficit Reduction Act of 2005) Law text · (b), (iii)
• Pub. L. 109–171, §8009(b)(1), substituted "shall begin the day after 6 months after the date the student ceases to carry at least one-half the normal full-time academic workload (as determined by the institution)." for "shall begin— (Deficit Reduction Act of 2005) Law text · (b)
• Pub. L. 109–171, §8014(j)(2), substituted "30 days" for "45 days" in last sentence. (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(c)(1), added subpar. (G) and redesignated former subpar. (G) as (H) and realigned margin. (Deficit Reduction Act of 2005) Law text · (c), (H)
• Pub. L. 109–171, §8014(d)(1), inserted "(i)" after "including" and added cl. (ii) before semicolon at end. (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(d)(2), substituted "paragraph (6)(A)" for "paragraph (6)". (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(e)(1), in introductory provisions, struck out "in writing" after "on terms agreed to" and inserted "and documented in accordance with paragraph (10)" after "approval of the insurer". (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(d)(3), designated existing provisions as subpar. (A), redesignated former subpars. (A) and (B) as cls. (i) and (ii), respectively, of subpar. (A), and added subpars. (B) and (C). (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(e)(2), added par. (10). (Deficit Reduction Act of 2005) Law text · (c)
• Pub. L. 109–171, §8014(j)(3), substituted "10 days" for "21 days" in third sentence. (Deficit Reduction Act of 2005) Law text · (i)

2002

• Pub. L. 107–314, §651(b)(1)(A), added subcl. (IV). (Bob Stump National Defense Authorization Act for Fiscal Year 2003) Law text · (c)
• Pub. L. 107–314, §651(b)(1)(B), inserted "or (IV)" after "(i)(II)". (Bob Stump National Defense Authorization Act for Fiscal Year 2003) Law text · (c)
• Pub. L. 107–314, §651(b)(1)(C), added subpar. (C) and struck out former subpar. (C) which read as follows: "shall contain provisions that specify that the form of forbearance granted by the lender for purposes of this paragraph shall be the temporary cessation of payments, unless… (Bob Stump National Defense Authorization Act for Fiscal Year 2003) Law text · (c)
• Pub. L. 107–314, §651(b)(2), added subsec. (o). (Bob Stump National Defense Authorization Act for Fiscal Year 2003) Law text · (o)

1998

• Pub. L. 105–244, §417(a)(1)(A), added subcls. (I) and (II) and struck out former subcls. (I) to (III) which read as follows: (Higher Education Amendments of 1998) Law text · (a)
• Pub. L. 105–244, §417(a)(1)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "For the purpose of clause (ii) of subparagraph (A), a student shall qualify for a portion of an interest payment under paragraph (1) if the eligible institution has pr… (Higher Education Amendments of 1998) Law text · (a)
• Pub. L. 105–244, §417(a)(1)(C), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "For the purpose of paragraph (1) and this paragraph— (Higher Education Amendments of 1998) Law text · (a)
• Pub. L. 105–244, §417(a)(1)(D), struck out subpar. (F) which read as follows: "Except as provided in subparagraph (D), an eligible institution may refuse to certify a statement which permits a student to receive a loan under this part or to certify a loan amount that is less than… (Higher Education Amendments of 1998) Law text · (a)
• Pub. L. 105–244, §417(a)(2), substituted "September 30, 2004" for "September 30, 2002" and "September 30, 2008" for "September 30, 2006". (Higher Education Amendments of 1998) Law text · (a)
• Pub. L. 105–244, §417(b)(1)(A), inserted ", as defined in section 1088(a)(2) of this title," after "academic year" in introductory provisions. (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(1)(B)(i), substituted "length; and" for "length (as determined under section 1088 of this title);". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(1)(B)(ii), added subcl. (II) and struck out former subcls. (II) and (III) which read as follows: (Higher Education Amendments of 1998) Law text · (b), (III)
• Pub. L. 105–244, §417(b)(1)(C)–(E), added cl. (vi). (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(2), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "the repayment period of any insured loan may not exceed 10 years, and". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(3), amended subpar. (E) generally. Prior to amendment, subpar. (E) read as follows: "subject to subparagraphs (D) and (L), and except as provided by subparagraph (M), provides that— (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(4), struck out "not less than" after "insures". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(5), inserted "except as otherwise provided by a repayment plan selected by the borrower under clause (ii) or (iii) of paragraph (9)(A)," before "during any" and ", notwithstanding any payment plan under paragraph (9)(A)" after "due and payable". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(6)(A), inserted before semicolon ", except that no borrower, notwithstanding the provisions of the promissory note, shall be required to borrow an additional loan under this subchapter in order to be eligible to receive a deferment under this clause… (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(6)(B), inserted before semicolon ", except that no borrower who provides evidence of eligibility for unemployment benefits shall be required to provide additional paperwork for a deferment under this clause". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(7)(A), substituted "emergency action," for "emergency action,,". (Higher Education Amendments of 1998) Law text · (b), (ii)
• Pub. L. 105–244, §417(b)(7)(B), inserted "that originates or holds more than $5,000,000 in loans made under this subchapter for any lender fiscal year (except that each lender described in section 1085(d)(1)(A)(ii)(III) of this title shall annually submit the results of a… (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(8)(B)(i), substituted "subsection (c)(9)" for "subsection (c)(10)". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(8)(A), (B)(ii), (C), added subpar. (Y). (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(9)(B), inserted concluding provisions. (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(9)(A), added subpar. (C) and struck out former subpar. (C) which read as follows: "conduct unsolicited mailings to students enrolled in secondary school of student loan application forms; or". (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(10), added subpar. (D). (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(b)(11), added par. (9). (Higher Education Amendments of 1998) Law text · (b)
• Pub. L. 105–244, §417(c)(1)(A)(i), substituted "95 percent" for "98 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(ii), substituted "85 percent" for "88 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(iii), substituted "75 percent" for "78 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(iv)(I), substituted "95 percent" for "98 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(iv)(II), substituted "85 percent" for "88 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(iv)(III), substituted "75 percent" for "78 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(v)(I), substituted "95 percent" for "98 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(v)(II), substituted "85 percent" for "88 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(1)(A)(v)(III), substituted "75 percent" for "78 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(2)(A), substituted "proof that the institution was contacted and other reasonable attempts were made" for "proof that reasonable attempts were made". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(2)(B), substituted "certifies to the Secretary that diligent attempts, including contact with the institution, have been made" for "certifies to the Secretary that diligent attempts have been made". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(3), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "the guaranty agency may require the payment by the institution of a reasonable fee (as determined in accordance with regulations prescribed by the Secretary) for such infor… (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(4)(A), struck out "written" before "request" in introductory provisions. (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(4)(B)–(D), added subpar. (D). (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(5), amended heading and text of par. (6) generally, revising and restating provisions relating to Secretary's equitable share. (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(6), redesignated subpar. (A) as entire par. and struck out subpar. (B) which read as follows: "An orderly transition from the Federal Family Education Loan Program under this part to the Federal Direct Student Loan Program under part D of this subchapter sha… (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(A), substituted "maintain in the agency's Federal Student Loan Reserve Fund established under section 1072a of this title a current minimum reserve level of at least 0.25 percent" for "maintain a current minimum reserve level of at least .5 percent". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(B), substituted "85 percent pursuant to paragraph (1)(B)(i)" for "80 percent pursuant to subsection (c)(1)(B)(ii) of this section", struck out ", as appropriate," after "Secretary shall require", and substituted "45 working days" for "30 working days". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(C)(i), inserted "or" at end. (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(C)(ii), substituted a period for "; or" at end. (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(C)(iii), struck out cl. (vi) which read as follows: "the Secretary determines that such action is necessary to ensure an orderly transition from the loan programs under this part to the direct student loan programs under part D of this subchapter." (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(D), substituted "and to avoid disruption of the student loan program." for "to avoid disruption of the student loan program, and to ensure an orderly transition from the loan programs under this part to the direct student loan programs under part … (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(E), inserted "that, if commenced after September 24, 1998, shall be on the record" after "for a hearing". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(c)(7)(F), substituted "and the Workforce" for "and Labor" and struck out "and the progress of the transition from the loan programs under this part to the direct student loan programs under part D of this subchapter" after "guaranty agency system". (Higher Education Amendments of 1998) Law text · (c)
• Pub. L. 105–244, §417(d), amended heading and text of subsec. (e) generally. Prior to amendment, subsec. (e) related to payments for lender referral services. (Higher Education Amendments of 1998) Law text · (e)
• Pub. L. 105–244, §417(e), amended heading and text of subsec. (f) generally. Prior to amendment, subsec. (f) authorized the Secretary to make payments to guaranty agencies for fiscal years prior to fiscal year 1994 for certain administrative and other costs and provided for application… (Higher Education Amendments of 1998) Law text · (f)
• Pub. L. 105–244, §417(f), substituted "and the Workforce" for "and Labor" in concluding provisions. (Higher Education Amendments of 1998) Law text · (g)
• Pub. L. 105–244, §417(g)(1), struck out "during transition to direct lending" after "services" in heading. (Higher Education Amendments of 1998) Law text · (j)
• Pub. L. 105–244, §417(g)(2), struck out "during the transition from the Federal Family Education Loan Program under this part to the Federal Direct Student Loan Program under part D of this subchapter" after "loan capital" and inserted "designated for a State" after "a guaranty a… (Higher Education Amendments of 1998) Law text · (j)
• Pub. L. 105–244, §417(g)(3), added subpar. (C). (Higher Education Amendments of 1998) Law text · (j)
• Pub. L. 105–244, §417(h), amended heading and text of subsec. (l) generally. Prior to amendment, text read as follows: (Higher Education Amendments of 1998) Law text · (l)
• Pub. L. 105–244, §417(i), substituted "may require borrowers" for "shall require at least 10 percent of the borrowers". (Higher Education Amendments of 1998) Law text · (m)
• Pub. L. 105–244, §417(k), added subsec. (n). (Higher Education Amendments of 1998) Law text · (n)
• Pub. L. 105–244, §417(j), struck out heading and text of subsec. (n) which related to State share of default costs. (Higher Education Amendments of 1998) Law text · (n)

1997

• Pub. L. 105–33, §6104(2), substituted "September 30, 2002," for "September 30, 1998," and "September 30, 2006." for "September 30, 2002." (Balanced Budget Act of 1997) Law text · (a)
• Pub. L. 105–33, §6101(b), struck out "for the fiscal year of the agency that begins in 1993" after "loans guaranteed by such agency" and struck out at end "The minimum reserve level shall increase to— (Balanced Budget Act of 1997) Law text · (c)

1994

• Pub. L. 103–382 added subpar. (G). · (c)

1993

• Pub. L. 103–208, §2(c)(11), substituted "; and" for period at end. · (a)
• Pub. L. 103–208, §2(c)(12), inserted "or 1078–8" after "1078–1". · (a)
• Pub. L. 103–208, §2(c)(13)(A), added cls. (ii) and (iii) and struck out former cls. (ii) and (iii) which read as follows: · (b), (iii)
• Pub. L. 103–208, §2(c)(13)(B), (C), added cl. (iv) and redesignated former cl. (iv) as (v). · (b), (v)
• Pub. L. 103–208, §2(c)(14), substituted a semicolon for period at end of closing provisions. · (b)
• Pub. L. 103–66, §4043(a)(1), substituted "be subject to income contingent repayment in accordance with subsection (m);" for "be subject to repayment in accordance with the regulations required by subsection (m) if the Secretary has published the finding required by paragraph (2) … · (b)
• Pub. L. 103–66, §4108(b), substituted "98 percent" for "100 percent" and inserted before semicolon at end ", except that such program shall insure 100 percent of the unpaid principal of loans made with funds advanced pursuant to subsection (j) of this section or section 1087–2(q)… · (b)
• Pub. L. 103–66, §4102(c), substituted "1.0 percent" for "3 percent". · (b)
• Pub. L. 103–208, §2(c)(15), amended subpar. (N) generally. Prior to amendment, subpar. (N) read as follows: "provides that funds borrowed by a student are disbursed to the institution by check or other means that is payable to and requires the endorsement or other certification b… · (b)
• Pub. L. 103–208, §2(c)(16), inserted a comma after "emergency action" in two places and substituted "this clause" for "this clause;" at end. · (b)
• Pub. L. 103–208, §2(c)(17), redesignated subpar. (X) as (V) and struck out former subpar. (V) which related to procedure and requirements for granting a forbearance while a borrower is enrolled in a medical or dental internship or residency program. See Codification note above. · (b)
• Pub. L. 103–208, §2(c)(17), redesignated subpar. (Y) as (W) and struck out former subpar. (W) which read as follows: · (b)
• Pub. L. 103–82, §102(c)(1)(A), added subpar. (W) and redesignated former subpar. (W) as (X). · (b)
• Pub. L. 103–208, §2(c)(17)(B), redesignated subpar. (Z) as (X). Former subpar. (X) redesignated (V). See Codification note above. · (b)
• Pub. L. 103–82, §102(c)(1)(A)(i), redesignated subpar. (W) as (X). Former subpar. (X) redesignated (Y). · (b)
• Pub. L. 103–208, §2(c)(17)(B), redesignated subpar. (Y) as (W). See Codification note above. · (b)
• Pub. L. 103–82, §102(c)(1)(A)(i), redesignated subpar. (X) as (Y). Former subpar. (Y) redesignated (Z). · (b)
• Pub. L. 103–208, §2(c)(17)(B), redesignated subpar. (Z) as (X). See Codification note above. · (b)
• Pub. L. 103–82, §102(c)(1)(A)(i), redesignated subpar. (Y) as (Z). · (b)
• Pub. L. 103–208, §2(c)(18), substituted "either jointly or separately to provide a notice" for "each to provide a separate notice". · (b)
• Pub. L. 103–208, §2(c)(19)–(21), substituted "transferee" for "transferor" in introductory provisions, struck out "to another holder" after "the loan" in subcl. (I), and substituted "the new" for "such other" in subcl. (II). · (b)
• Pub. L. 103–208, §2(c)(22), amended par. (7) generally. Prior to amendment, par. (7) read as follows: · (b)
• Pub. L. 103–208, §2(c)(23), added par. (8). · (b)
• Pub. L. 103–208, §2(c)(24), substituted last sentence for former last sentence which read as follows: "In no case shall a guaranty agency file a claim under this subsection for reimbursement with respect to losses prior to 270 days after the loan becomes delinquent with respect t… · (c)
• Pub. L. 103–66, §4108(a)(1), substituted "98 percent" for "100 percent" in fourth sentence. · (c)
• Pub. L. 103–66, §4108(a)(2)–(4), in subpar. (B), substituted "88 percent" for "90 percent" in cl. (i) and "78 percent" for "80 percent" in cl. (ii), and added subpars. (E) and (F). · (c), (E), (F)
• Pub. L. 103–208, §2(c)(25), substituted "certifies" for "demonstrates" before "to the Secretary". · (c)
• Pub. L. 103–208, §2(c)(26), added subpar. (A) and struck out former subpar. (A) which read as follows: "shall contain provisions providing for forbearance in accordance with subparagraphs (V) and (W) of subsection (b)(1) of this section for the benefit of the student borrower ser… · (c)
• Pub. L. 103–82, §102(c)(1)(B), substituted "subparagraphs (V) and (W) of subsection (b)(1)" for "subsection (b)(1)(V)". · (c)
• Pub. L. 103–66, §4110(a), substituted "27 percent" for "30 percent". · (c)
• Pub. L. 103–66, §4044, designated existing provisions as subpar. (A), struck out second and third sentences, and added subpar. (B). Prior to amendment, second and third sentences read as follows: "Prior to making such determination for any guaranty agency, the Secretary shall, in co… · (c)
• Pub. L. 103–66, §4107(a), redesignated par. (10) as (9) and struck out former par. (9) which required guaranty agencies to pay reinsurance fees to the Secretary. · (c)
• Pub. L. 103–66, §4107(a)(2), redesignated par. (10) as (9). · (c)
• Pub. L. 103–66, §4045(1), inserted ", as appropriate," after "the Secretary shall require". · (c)
• Pub. L. 103–66, §4045(2), designated existing provisions as cl. (i), substituted "If the Secretary is not seeking to terminate the guaranty agency's agreement under subparagraph (E), or assuming the guaranty agency's functions under subparagraph (F), a" for "Each", and added cl.… · (c)
• Pub. L. 103–66, §4045(3), added cls. (iv) to (vi). · (c)
• Pub. L. 103–66, §4045(4)(A), substituted "If a guaranty" for "Except as provided in subparagraph (G), if a guaranty". · (c)
• Pub. L. 103–66, §4045(4)(B), amended cl. (v) generally. Prior to amendment, cl. (v) read as follows: "provide the guaranty agency with additional advance funds in accordance with section 1072(c)(7) of this title in order to meet immediate cash needs of the guaranty agency and… · (c)
• Pub. L. 103–66, §4045(4)(C), (D), in cl. (vi), substituted "to avoid" for "and to avoid" before "disruption of the student" and inserted before period at end ", and to ensure an orderly transition from the loan programs under this part to the direct student loan progr… · (c), (vii)
• Pub. L. 103–66, §4045(5), (7), added subpar. (G) and struck out former subpar. (G) which read as follows: "The Secretary may not take any action under subparagraph (E) or (F) against any guaranty agency that is backed by the full faith and credit of the State where such guaranty… · (c)
• Pub. L. 103–66, §4045(6), (7), added subpar. (H) and redesignated former subpars. (H) and (I) as (I) and (J), respectively. Former subpar. (J) redesignated (K). · (c)
• Pub. L. 103–66, §4045(6), (8), redesignated subpar. (J) as (K) and substituted "system and the progress of the transition from the loan programs under this part to the direct student loan programs under part D of this subchapter." for "system, together with recommendations for l… · (c)
• Pub. L. 103–66, §4041(b)(1), amended heading, designated existing provisions as subpar. (A) and substituted "with which the Secretary has an agreement under subparagraph (B)" for "in any State", and added subpar. (B). · (e)
• Pub. L. 103–66, §4041(b)(2)(A), in introductory provisions, substituted "with which the Secretary has an agreement under paragraph (1)(B)" for "in a State". · (e)
• Pub. L. 103–208, §2(c)(27), redesignated former cl. (i), subcl. (I) as (i) and former cl. (i), subcl. (II) as (ii) and struck out cl. (i) designation following subpar. (A) designation. See Codification note above. · (e)
• Pub. L. 103–66, §4041(b)(2)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "such student is either a resident of such State or is accepted for enrollment in or is attending an eligible institution in such State; and". · (e)
• Pub. L. 103–66, §4041(b)(3), substituted "From funds available for costs of transition under section 1087h of this title, the" for "The". · (e)
• Pub. L. 103–66, §4041(b)(4), struck out par. (5) which related to authorization of appropriations. · (e)
• Pub. L. 103–66, §4107(b)(1), substituted "For a fiscal year prior to fiscal year 1994, the Secretary" for "The Secretary". · (f)
• Pub. L. 103–66, §4107(b)(2), inserted "prior to fiscal year 1994" after "any fiscal year". · (f)
• Pub. L. 103–208, §2(c)(28), substituted "lender-of-last-resort" for "lender of last resort" in introductory provisions. · (j)
• Pub. L. 103–66, §4041(a)(2)(B), in subpar. (A) inserted before semicolon "and ensure a response within 60 days after the student's original complete application is filed under this subsection", added subpar. (B), and redesignated former subpars. (B) to (D) as (C) to (E), r… · (j)
• Pub. L. 103–66, §4041(a)(1), added par. (3) consisting of subpars. (A) and (B), and struck out former par. (3) relating to limitation on lender-of-last-resort program, consisting of subpars. (A) to (C). · (j)
• Pub. L. 103–66, §4112(a), inserted second sentence and struck out former second sentence which read as follows: "Such payments shall be equal to $50.00 for each loan on which such assistance is performed and for which a default claim is not presented to the guaranty agency by the le… · (l)
• Pub. L. 103–66, §4043(a)(2), amended par. (1) generally, added par. (2), and struck out former pars. (2) to (4). Prior to amendment, former pars. (1) to (4) related to establishment of terms and conditions, collection mechanism, loans for which income contingent repayment is required, … · (m)
• Pub. L. 103–66, §4201(a), added subsec. (n). · (n)

1992

• Pub. L. 102–325, §416(a)(1), amended cls. (i) and (ii) generally. Prior to amendment, cls. (i) and (ii) read as follows: · (a)
• Pub. L. 102–325, §416(a)(2), added cl. (v). · (a)
• Pub. L. 102–325, §411(b)(2), substituted "September 30, 1998" for "September 30, 1992" and "September 30, 2002" for "September 30, 1997". · (a)
• Pub. L. 102–325, §416(a)(3), added par. (7). · (a)
• Pub. L. 102–325, §416(b)(1)(A), inserted "or in a program of study abroad approved for credit by the eligible home institution at which such student is enrolled" in introductory provisions. · (b)
• Pub. L. 102–325, §416(b)(1)(B), added cls. (i) to (iv) and struck out former cls. (i) to (iii) which read as follows: · (b)
• Pub. L. 102–325, §416(b)(2), which directed the amendment of subpar. (B) by striking clauses (i) and (ii) and inserting language which contained new cls. (i) and (ii) followed by concluding provisions, was executed by substituting the new cls. (i) and (ii) and concluding provisio… · (b)
• Pub. L. 102–325, §416(c)(1), amended subpars. (D) and (E) generally. Prior to amendment, subpars. (D) and (E) read as follows: · (b), (E)
• Pub. L. 102–325, §416(d), substituted "(but in no instance less than the amount of interest due and payable)" for ", except that, in the case of a husband and wife, both of whom have such loans outstanding, the total of the combined payments for such a couple during any year s… · (b)
• Pub. L. 102–325, §416(e)(1), amended subpar. (M) generally, revising and restating as cls. (i) to (iii) provisions formerly contained in cls. (i) to (xi). · (b)
• Pub. L. 102–325, §416(f), substituted "except in the case of students who are studying outside the United States in a program of study abroad that is approved for credit by the home institution at which the student is enrolled, the funds shall, at the request of the borrower, be … · (b)
• Pub. L. 102–325, §416(g), amended subpar. (T) generally. Prior to amendment, subpar. (T) read as follows: "provides no restrictions with respect to eligible institutions (other than nonresidential correspondence schools) which are more onerous than eligibility requirements for in… · (b)
• Pub. L. 102–325, §416(h), added cl. (iii). · (b)
• Pub. L. 102–325, §416(i)(4), (5), added cls. (ii) and (iii) and redesignated former cl. (ii) as (iv). · (b)
• Pub. L. 102–325, §416(i)(3), which directed the amendment of cl. (ii) by substituting a semicolon for a period at end, could not be executed because the period had been stricken by Pub. L. 102–164, §601(b)(2). · (b)
• Pub. L. 102–325, §416(i)(1), (2), struck out "and" at end of cl. (i) and inserted "or (ii)" after "clause (i)" in two places in cl. (ii). · (b)
• Pub. L. 102–325, §416(j), added subpars. (W) to (Y) and struck out former subpars. (W) and (X) which related to credit reports, credit worthy cosigners, and authorizations for entry of judgments against borrowers in the event of default. · (b)
• Pub. L. 102–325, §416(k)(1), substituted ", including financial information, as the Secretary may reasonably require to carry out the Secretary's functions under this part and protect the financial interest of the United States," for ", as the Secretary may reasonably require to … · (b)
• Pub. L. 102–325, §416(k)(2)(A), substituted "on at least an annual basis" for "at least once every 2 years". · (b)
• Pub. L. 102–325, §416(k)(3), designated existing provisions as cl. (i) and added cl. (ii). · (b)
• Pub. L. 102–325, §416(k)(2)(B), (4), added subpar. (F). · (b)
• Pub. L. 102–325, §416(l), added subpar. (B) and redesignated former subpars. (B) and (C) as (C) and (D), respectively. · (b)
• Pub. L. 102–325, §416(n), inserted at end sentence relating to requests for deferment of repayment by students engaged in fellowship-supported study outside the United States. · (b)
• Pub. L. 102–325, §416(m), redesignated par. (5) as (4) and struck out former par. (4) which related to targeted teacher deferment rule. · (b)
• Pub. L. 102–325, §416(m)(2), redesignated par. (6) as (5). Former par. (5) redesignated (4). · (b)
• Pub. L. 102–325, §416(o), added par. (6). Former par. (6) redesignated (5). · (b)
• Pub. L. 102–325, §416(c)(2), added par. (7). · (b)
• Pub. L. 102–325, §416(p)(1), substituted ", or later than 45 days after the guaranty agency discharges its insurance obligation on the loan." for period at end. · (c)
• Pub. L. 102–325, §416(p)(2), added subpar. (D). · (c)
• Pub. L. 102–325, §416(p)(3), struck out "and" at end of subpar. (F), added subpars. (G) and (H), and redesignated former subpar. (G) as (I). · (c)
• Pub. L. 102–325, §416(p)(4), added subpar. (C) and concluding provisions and struck out former last sentence which read as follows: "Such regulations shall not preclude guaranty agencies from permitting the parties to such a loan from entering into a forbearance agreement solely bec… · (c)
• Pub. L. 102–325, §416(p)(5)(A), substituted "(1)(C)" for "(1)(B)" in introductory provisions and inserted "and ends before October 1, 1991" in cl. (i). · (c)
• Pub. L. 102–325, §416(p)(5)(D), added subpar. (B). Former subpar. (B) redesignated (C). · (c)
• Pub. L. 102–325, §416(p)(5)(B), (C), redesignated subpar. (B) as (C) and inserted "or (B)" after "(A)". · (c)
• Pub. L. 102–325, §416(p)(6), inserted provisions at end directing Secretary to develop criteria to determine whether agency has made adequate collection efforts and directing Secretary to consider certain factors in making determination. · (c)
• Pub. L. 102–325, §416(p)(7), added par. (10). · (c)
• Pub. L. 102–325, §416(q)(1), substituted "eligible lender" for "commercial lender". · (f)
• Pub. L. 102–325, §416(q)(2), added subpar. (C). · (f)
• Pub. L. 102–325, §416(r), designated existing provisions as par. (1), inserted par. heading, and added pars. (2) and (3). · (j)
• Pub. L. 102–325, §416(s), added par. (3). · (k)
• Pub. L. 102–325, §416(t), added subsec. (m). · (m)

1991

• Pub. L. 102–164, §602(b)(1), added cl. (iii). Amendment was executed by striking "and" at end of cl. (i)(III) to reflect the probable intent of Congress notwithstanding directory language directing the striking of "and" at end of cl. (i)(I). · (a)
• Pub. L. 102–26 amended subpar. (F) generally. Prior to amendment, subpar. (F) read as follows: "Except as provided in subparagraph (D), an eligible institution may not, in carrying out the provisions of subparagraphs (A) and (B) of this paragraph, refuse to provide to any eligibl… · (a)
• Pub. L. 102–164, §601(b), added subpar. (W). · (b)
• Pub. L. 102–164, §604, added subpar. (X). · (b)
• Pub. L. 102–164, §605(b)(2), struck out subpar. (D) which read as follows: "In the case of a State which enacts and enforces a garnishment law that complies with the requirements of section 1078–5 of this title, subparagraph (A)(ii) shall be applied by substituting '35 percent' f… · (c)

1990

• Pub. L. 101–508, §3004(b), inserted before period at end ", except that, in individual cases where the institution determines that the portion of the student's expenses to be covered by the loan can be met more appropriately, either by the institution or directly by the student, … · (a)
• Pub. L. 101–508, §3002(a)(1), struck out before period at end of first sentence ", including the administrative costs of supplemental preclaim assistance for default prevention as defined in paragraph (6)(C)". · (c)
• Pub. L. 101–508, §3002(a)(2)–(5), in introductory provisions of cl. (i), substituted "subsection (l) of this section" for "this paragraph", in cl. (i)(I), substituted "generally comparable in intensiveness to the level of preclaims assistance performed, prior to the 120th day of … · (c)
• Pub. L. 101–508, §3002(b), added subsec. (l). · (l)

1989

• Pub. L. 101–239, §2004(b)(1), added subcl. (III). · (a)
• Pub. L. 101–239, §2002(a)(2), inserted before semicolon at end ", except that no borrower shall be eligible for a deferment under this clause, or loan made under this part (other than a loan made under section 1078–2 or 1078–3 of this title), while serving in a medical interns… · (b)
• Pub. L. 101–239, §2004(b)(3), amended subpar. (O) generally, substituting requirement that student loans be disbursed in accordance with section 1078–7 of this title for provisions requiring that certain loans be disbursed directly by lender in 2 or more installments, none exceed… · (b)
• Pub. L. 101–239, §2006(b)(1), inserted "emergency action," after "regulations for the". · (b)
• Pub. L. 101–239, §2006(b), in cl. (i) inserted "emergency action," after "regulations for the", and in cl. (ii) inserted "take emergency action," after "such program to". · (b)
• Pub. L. 101–239, §2002(b)(1)(A), added subpar. (V). · (b)
• Pub. L. 101–239, §2002(b)(1)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: "To the extent provided in regulations of the Secretary, a guaranty agreement under this subsection may contain provisions which permit such forbearance for the benefit of the … · (c)

1988

• Pub. L. 100–369, §7(c), substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (b)
• Pub. L. 100–369, §11(a), inserted "after January 1, 1986," after "service". · (b)
• Pub. L. 100–369, §5(b)(2), substituted "section 1078–2 or 1078–3" for "section 1078–1, 1078–2, or 1078–3". · (b)

1987

• Pub. L. 100–50, §10(e), substituted "certifies the eligibility of any student" for "permits the student". · (a)
• Pub. L. 100–50, §10(f)(1), substituted "first and" for "first or". · (b)
• Pub. L. 100–50, §10(a)(1), inserted ", excluding loans made under section 1078–1 or 1078–2 of this title" after "undergraduate education". · (b)
• Pub. L. 100–50, §10(a)(2), inserted ", excluding loans made under section 1078–1 or 1078–2 of this title" after "graduate or professional student)". · (b)
• Pub. L. 100–50, §10(b)(1), inserted "nonprofit" before "private". · (b)
• Pub. L. 100–50, §10(b)(2), inserted "or serving in an internship or residency program leading to a degree or certificate awarded by an institution of higher education, a hospital, or a health care facility that offers postgraduate training" before semicolon at end. · (b)
• Pub. L. 100–50, §10(f)(2), inserted "and except in the case of attendance at an institution outside the United States, the funds shall be delivered directly to the student" before semicolon at end. · (b)
• Pub. L. 100–50, §10(c), substituted "$1,000 or more" for "more than $1,000". · (b)
• Pub. L. 100–50, §10(f)(3), substituted "being disbursed" for "being dispensed". · (b)
• Pub. L. 100–50, §10(f)(4), added subpar. (P) and struck out former subpar. (P) which read as follows: "requires the borrower and the institution at which the borrower is in attendance to promptly notify the holder of the loan, directly or through the guaranty agency, concerning a… · (b)
• Pub. L. 100–50, §10(f)(5), inserted "(other than nonresidential correspondence schools)" after "eligible institutions". · (b)
• Pub. L. 100–50, §10(g), substituted "paragraph (1)(M)(i)(III)" for "paragraph (1)(M)". · (b)
• Pub. L. 100–50, §10(h)(1), substituted "Until such time as the Secretary has implemented section 1092b of this title and is able to provide to guaranty agencies the information required by such section" for "Prior to the implementation of section 1092b of this title". · (b)
• Pub. L. 100–50, §10(h)(2), added cl. (ii) and struck out former cl. (ii) which read as follows: "the amount borrowed, the cumulative amount borrowed, the income reported on the loan application, and the purposes and the cost of attendance of the borrower." · (b)
• Pub. L. 100–203, §3002(b)(1), substituted "shall be deemed" for "shall, subject to section 1072(e) of this title, be deemed". · (c)
• Pub. L. 100–203, §3001(b)(1), substituted "shall, subject to section 1072(e) of this title, be deemed" for "shall be deemed". · (c)
• Pub. L. 100–50, §10(i), inserted at end "In the case of accounts brought into repayment status as a result of performing supplemental preclaims assistance, the cost of such assistance is a permissible charge to the borrower (for the cost of collection) for which the borrower … · (c)
• Pub. L. 100–50, §10(j), inserted "and enforces" after "enacts". · (c)
• Pub. L. 100–203, §3002(b)(2), substituted "an amount equal to" for "an amount, subject to section 1072(e) of this title, equal to" in introductory provisions. · (c)
• Pub. L. 100–203, §3001(b)(2), substituted "an amount, subject to section 1072(e) of this title, equal to" for "an amount equal to" in introductory provisions. · (c)
• Pub. L. 100–50, §10(k)(1), inserted "covered" before "loans". · (c), (ii)
• Pub. L. 100–50, §10(k)(2), added subpar. (D). · (c)
• Pub. L. 100–203, §3002(b)(3), substituted "shall be deemed" for "shall, subject to section 1072(e) of this title, be deemed". · (f)
• Pub. L. 100–203, §3001(b)(3), substituted "shall, subject to section 1072(e) of this title, be deemed" for "shall be deemed". · (f)
• Pub. L. 100–50, §10(l), struck out "multiple" after "authorizing" and substituted "21 days" for "45 days". · (i)
• Pub. L. 100–50, §10(m), inserted provision at end that the guaranty agency consider the request of an eligible lender to serve as the lender-of-last-resort pursuant to this subsection. · (j)
• Pub. L. 100–203, §3003, substituted "Notwithstanding any other provision of law, in" for "In", "guaranty agency shall" for "guaranty agency may", and "subsection shall include" for "subsection may include". · (k)