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20 U.S.C. 1087cc: Agreements with institutions of higher education

Created in 1986 by Public Law 89-329. Changed by 6 later laws. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 20 U.S.C. 1087dd, 20 U.S.C. 1087gg, 20 U.S.C. 1091a, 20 U.S.C. 1096.

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2009

    • Pub. L. 111–39, §405(2)(A)(i), realigned margins. Law text · (c)
    • Pub. L. 111–39, §405(2)(A)(ii), added subpar. (B) and struck out former subpar. (B), resulting in text identical to that after execution of the amendment by Pub. L. 105–244, §463(b)(2)(C). See 1998 Amendment note below. Law text · (c)
    • Pub. L. 111–39, §405(2)(B), substituted "and (5)" for "and (6)" and made technical amendment to reference in original act which appears in text as reference to section 1681c of title 15. Law text · (c)

    2008

    • Pub. L. 110–315, §463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "if the institution is not one described in subparagraph (A), the Secretary may— (Higher Education Opportunity Act) Law text · (a)
    • Pub. L. 110–315, §463(b), inserted ", except that nothing in this paragraph shall be construed to permit the Secretary to require the assignment of loans to the Secretary other than as is provided for in paragraphs (4) and (5)" before period. (Higher Education Opportunity Act) Law text · (a)
    • Pub. L. 110–315, §432(b)(5)(A), substituted "consumer reporting agencies" for "credit bureau organizations" in heading. (Higher Education Opportunity Act) Law text · (c)
    • Pub. L. 110–315, §432(b)(5)(B), substituted "consumer reporting agencies" for "credit bureau organizations". (Higher Education Opportunity Act) Law text · (c)
    • Pub. L. 110–315, §432(b)(5)(C), substituted "such consumer reporting agencies" for "such organizations". (Higher Education Opportunity Act) Law text · (c)
    • Pub. L. 110–315, §432(b)(5)(D), substituted "consumer reporting agency" for "credit bureau organization" in two places. (Higher Education Opportunity Act) Law text · (c)
    • Pub. L. 110–315, §432(b)(5)(E), substituted "consumer reporting agencies" for "credit bureau organizations" and "such consumer reporting agencies" for "such organizations". (Higher Education Opportunity Act) Law text · (c)

    1998

    • Pub. L. 105–244, §463(a)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "a capital contribution— (Higher Education Amendments of 1998) Law text · (a)
    • Pub. L. 105–244, §463(a)(2), (3), redesignated pars. (5) to (10) as (4) to (9), respectively, and struck out former par. (4) which read as follows: "provide that where a note or written agreement evidencing a note has been in default for (A) 120 days, in the case of a loan w… (Higher Education Amendments of 1998) Law text · (a)
    • Pub. L. 105–244, §463(b)(1), substituted "the Secretary and each institution of higher education participating in the program under this part shall" for "the Secretary shall" and inserted "and regarding loans held by the Secretary or an institution" after "section 1087gg of this tit… (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(2)(A), in introductory provisions, substituted "by the Secretary or an institution, as the case may be, to such organizations, with respect to any loan held by the Secretary or the institution, respectively, of—" for "by the Secretary to such organizations, … (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(2)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "the date of disbursement and the amount of any such loan;". (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(2)(C), inserted "the repayment and" after "concerning" the first place appearing and substituted "status of such" for "status of any defaulted". (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(2)(D), inserted ", or upon cancellation or discharge of the borrower's obligation on the loan for any reason" before period at end. (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(3)(A), in introductory provisions, inserted "or an institution" after "from the Secretary" and substituted "until the loan is paid in full." for "until—". (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(3)(B), struck out subpars. (A) and (B) which read as follows: (Higher Education Amendments of 1998) Law text · (c), (B)
    • Pub. L. 105–244, §463(b)(4), amended par. (4) generally. Prior to amendment, par. (4) read as follows: "Each institution of higher education, after consultation with the Secretary and pursuant to the agreements entered into under paragraph (1), shall disclose at least annually to an… (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(b)(4), added par. (5). (Higher Education Amendments of 1998) Law text · (c)
    • Pub. L. 105–244, §463(c), substituted "subsection (a)(9)" for "subsection (a)(10)". (Higher Education Amendments of 1998) Law text · (d)

    1993

    • Pub. L. 103–208, §2(f)(5), substituted "7.5 percent for award year 1993–1994 and has a cohort default rate which does not exceed 15 percent for award year 1994–1995 or for any succeeding award year" for "7.5 percent". · (a)
    • Pub. L. 103–208, §2(f)(6), substituted "shall disclose at least annually" for "shall disclose" in introductory provisions. · (c)
    • Pub. L. 103–208, §2(f)(7), added subsecs. (d) and (e). · (d), (e)

    1992

    • Pub. L. 102–325, §463(a), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "a capital contribution by such institution in an amount equal to not less than one-ninth of the amount of the Federal capital contributions described in subparagraph (A);". · (a)
    • Pub. L. 102–325, §463(b)(1), struck out ", if that account has not been previously reported by any other holder of the note" after "agency". · (c)
    • Pub. L. 102–325, §463(b)(2), added par. (4). · (c)

    1987

    • Pub. L. 100–50, §13(e), substituted "in an annual report" for "in a report" and struck out ", and made to the Secretary at least semiannually" after "in such default". · (a)
    • Pub. L. 100–50, §13(f), substituted "section 1096 of this title" for "section 1092 of this title". · (b)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.