The law › Title 20, Education › Chapter 28
20 U.S.C. 1087e: Terms and conditions of loans
Created in 1986 by Public Law 89-329. Changed by 23 later laws. 2 bills in this Congress would change it.
- past change
- enacted this Congress
- proposed
This Congress
How it got here
2023
- Pub. L. 118–31 added par. (4) and redesignated former pars. (4) and (5) as (5) and (6), respectively. Law text · (f)
2022
- Pub. L. 117–200 designated existing provisions as par. (1), inserted heading, and added par. (2). Law text · (g)
2020
- Pub. L. 116–259, §202(b)(2)(A), substituted "Armed Forces and NOAA Commissioned Officer Corps student loan interest payment programs" for "Armed Forces student loan interest payment program" in heading. Law text · (l)
- Pub. L. 116–259, §202(b)(2)(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". Law text · (l)
- Pub. L. 116–260 struck out subsec. (q) which related to eligibility for, and interest charges on, Federal Direct Stafford Loans for new borrowers on or after July 1, 2013. Law text · (q)
2019
2018
- Pub. L. 115–245 added par. (3) and redesignated former pars. (3) and (4) as (4) and (5), respectively. Law text · (f)
2016
- Pub. L. 114–328 inserted ", or paragraph (1) or (3) of section 351(a)," after "section 310". Law text · (o)
2013
- Pub. L. 113–28, §2(a)(1)(A), inserted "and before July 1, 2013" after "on or after July 1, 2006" in heading. Law text · (b)
- Pub. L. 113–28, §2(a)(1)(B)–(D), inserted "and before July 1, 2013," after "on or after July 1, 2006,". Law text · (b)
- Pub. L. 113–28, §2(a)(2), (3), added par. (8) and redesignated former pars. (8) and (9) as (9) and (10), respectively. Law text · (b)
2012
- Pub. L. 112–141, §100301(1), substituted "and before July 1, 2013," for "and before July 1, 2012," in introductory provisions. Law text · (b)
- Pub. L. 112–141, §100301(2), substituted "and before July 1, 2013," for "and before July 1, 2012,". Law text · (b)
- Pub. L. 112–141, §100302(a), added subsec. (q). Law text · (q)
2011
- Pub. L. 112–25, §502, added par. (3). Law text · (a)
- Pub. L. 112–25, §503(1), substituted "Incentives for loans disbursed before July 1, 2012" for "In general" in heading and inserted "with respect to loans for which the first disbursement of principal is made before July 1, 2012," after "of this part" in text. Law text · (b)
- Pub. L. 112–25, §503(2), inserted "with respect to loans for which the first disbursement of principal is made before July 1, 2012" after "repayment incentives". Law text · (b)
- Pub. L. 112–25, §503(3), added subpar. (C). Law text · (b)
2010
- Pub. L. 111–152, §2211(a)(1), inserted ", and first disbursed on June 30, 2010," before "under sections 1078". Law text · (a)
- Pub. L. 111–152, §2211(a)(2), inserted ", including any loan made under part B and first disbursed before July 1, 2010" after "section 1078–3(a)(4) of this title" and struck out at end "The Secretary, upon application for such a loan, shall comply with the requirements applicable to a … Law text · (g)
2009
- Pub. L. 111–39, §404(b)(2)(A), substituted "1078(b)(9)(A)(iv)" for "1078(b)(9)(A)(v)". Law text · (d)
- Pub. L. 111–39, §404(b)(2)(B), struck out "(except as authorized under section 1087g(a)(1) of this title)" after "regulations". Law text · (h)
- Pub. L. 111–39, §404(b)(2)(C), struck out ", or in a notice under section 1087g(a)(1) of this title," after "regulations of the Secretary". Law text · (k)
2008
- Pub. L. 110–315, §103(b)(8), 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". Law text · (b)
- Pub. L. 110–315, §451(a), added subpar. (E). Law text · (d)
- Pub. L. 110–315, §425(b)(3), substituted "section 1078–3(b)(1)(G)" for "section 1078–3(b)(1)(F)". Law text · (g)
- Pub. L. 110–315, §451(b)(1), amended subpar. (B) generally. Prior to amendment, text read as follows: "The term 'public service job' means— Law text · (m)
- Pub. L. 110–315, §451(b)(2), added par. (4). Law text · (m)
- Pub. L. 110–315, §451(c), added subsec. (n). Law text · (n)
- Pub. L. 110–315, §451(d), added subsec. (o). Law text · (o)
- Pub. L. 110–315, §451(e), added subsec. (p). Law text · (p)
2007
- Pub. L. 110–84, §201(b), added subpar. (D). Law text · (b)
- Pub. L. 110–84, §203(b)(3), inserted "made on behalf of a dependent student" after "PLUS loan". Law text · (d)
- Pub. L. 110–84, §205, added par. (7). Law text · (e)
- Pub. L. 110–84, §202(b), struck out "not in excess of 3 years" before "during" in introductory provisions, substituted comma for "; or" at end of cl. (ii), and inserted concluding provisions. Law text · (f)
- Pub. L. 110–84, §401, added subsec. (m). Law text · (m)
2006
- Pub. L. 109–171, §8009(d)(1), inserted "1078–3," after "1078–2,". Law text · (a)
- Pub. L. 109–171, §8009(d)(2), added subpar. (C) and redesignated former subpar. (C) as (D). Law text · (a), (D)
- Pub. L. 109–171, §8008(c)(3), inserted "or origination fee" after "reductions in the interest rate". Law text · (b)
- Pub. L. 109–171, §8008(c)(2), designated existing provisions as par. (1), inserted par. (1) heading, and added par. (2). Law text · (c)
- Pub. L. 109–171, §8008(b), added subpars. (A) to (C) and struck out former subpars. (A) to (C), which read as follows: Law text · (d)
- Pub. L. 109–171, §8007(b), added subpar. (C) and redesignated former subpar. (C) as (D). Law text · (f), (D)
- Pub. L. 109–171, §8009(d)(3), substituted "To be eligible for a consolidation loan under this part, a borrower shall meet the eligibility criteria set forth in section 1078–3(a)(3) of this title. The Secretary, upon application for such a loan, shall comply with the requirements applic… Law text · (g)
2002
- Pub. L. 107–139, in par. (6) relating to interest rate provision for new loans substituted "2006" for "2003" in heading and "July 1, 2006," for "July 1, 2003," wherever appearing in text, added par. (7), redesignated former par. (7) as (8), and redesignated par. (6) relating … Law text · (b)
- Pub. L. 107–314 added subsec. (l). Law text · (l)
2000
- Pub. L. 106–554 amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "For Federal Direct PLUS Loans for which the first disbursement is made on or after July 1, 1994, the applicable rate of interest shall, during any 12-month period beginning on July 1 … Law text · (b)
1998
- Pub. L. 105–178, §8301(c)(2), which directed amendment of section 455(b) (20 U.S.C. 1087e(b)) by adding par. (5), was executed to this section, which is section 455(b) of Pub. L. 89–329, to reflect the probable intent of Congress. Former par. (5) redesignated (6). Law text · (b)
- Pub. L. 105–244, §452(a)(1), added par. (6) relating to interest rate provision for new loans. Law text · (b)
- Pub. L. 105–178, §8301(c)(1), which directed amendment of section 455(b) (20 U.S.C. 1087e(b)) by redesignating par. (5) as (6), was executed to this section, which is section 455(b) of Pub. L. 89–329, to reflect the probable intent of Congress. Law text · (b)
- Pub. L. 105–244, §452(b), added par. (7). Law text · (b)
- Pub. L. 105–244, §452(c), struck out "only under such terms and conditions as the Secretary shall establish pursuant to section 1087g(a)(1) of this title or regulations promulgated under this part" after "section 1078–3(a)(4) of this title". Law text · (g)
- Pub. L. 105–244, §401(g)(6), substituted "Federal Pell Grants" for "basic grants". Law text · (j), (k)
1994
- Pub. L. 103–382 added pars. (3) and (4). · (f), (4)
1993
- Pub. L. 103–66 amended section generally, substituting provisions relating to terms and conditions of loans for former provisions relating to withdrawal and termination procedures.
1992
- Pub. L. 102–325 amended section generally, substituting provisions relating to withdrawal and termination procedures for former provisions relating to feasibility study.
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.