Sec. 9. Elimination of origination fees and other amendments to terms and conditions of loans
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Section 455(h) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(h) ) is amended to read as follows: Notwithstanding any other provision of State or Federal law, a borrower, regardless of the account status of the borrower's loan, may assert as an affirmative claim or defense against repayment, any act or omission of an institution of higher education attended by the borrower that would give rise to a cause of action against the institution under this Act, other Federal law, or applicable State law, except that in no event may a borrower recover from the Secretary, in any action arising from or relating to a loan made under this part, an amount in excess of the amount such borrower has repaid on such loan.
The Secretary may elect to carry out the authority under this subsection on behalf of a group of multiple borrowers if the Secretary determines that the group has been harmed by the same act, omission, or practice. .
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Sec. 9
Elimination of origination fees and other amendments to terms and conditions of loans
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