Sec. 421. Simplification of income-based repayment options for federally insured student loans
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Section 427(a)(2)(H) ( 20 U.S.C. 1077(a)(2)(H) ) is amended— by striking graduated or income-sensitive repayment schedule and inserting graduated repayment schedule or income-based repayment schedule under section 493C ; and by striking in accordance with the regulations of the Secretary and inserting in accordance with section 493C and regulations issued by the Secretary . The amendments made by subsection
(a)shall take effect on the date that is 1 year after the date of enactment of this Act.
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Sec. 421
Simplification of income-based repayment options for federally insured student loans
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