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Code · BILL · 114th Congress · H.R. 4661 (Introduced in House) — To amend the Higher Education Act of 1965 to include Parent PLUS loans in income-contingent and income-based repaymen... · Sec. 5

Sec. 5. Inclusion of parent PLUS loans in income-contingent and income-based repayment plans

325 words·~1 min read·/bill/114/hr/4661/ih/section-5

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Section 455(d)(1)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(d)(1)(D) ) is amended by striking , except that the plan described in this subparagraph shall not be available to the borrower of a Federal Direct PLUS loan made on behalf of a dependent student; . Section 493C of the Higher Education Act of 1965 ( 20 U.S.C. 1098e ) is amended— in subsection (a)— by striking this section and all that follows through hardship and inserting In this section, the term ; and partial financial hardship by striking, (other than an excepted PLUS loan or excepted consolidation loan) ; in subsection (b)— in paragraph (1), by striking (other than an excepted PLUS loan or excepted consolidation loan) ; in paragraph (6)(A), by striking (other than an excepted PLUS loan or excepted consolidation loan) ; and in paragraph (7), by striking (other than a loan under section 428B or a Federal Direct PLUS Loan) ; and in subsection (c), by striking (other than an excepted PLUS loan or excepted consolidation loan), . 455(d)(1)(E) Section 455(d)(1)(E) of such Act ( 20 U.S.C. 1087e(d)(1)(D) ) is amended by striking , except that the plan described in this subparagraph shall not be available to the borrower of a Federal Direct PLUS Loan made on behalf of a dependent student or a Federal Direct Consolidation Loan, if the proceeds of such loan were used to discharge the liability on such Federal Direct PLUS Loan or a loan under section 428B made on behalf of a dependent student .
The Secretary shall ensure that any Federal Direct PLUS Loan and any loan under section 428B of the Higher Education Act of 1965 ( 20 U.S.C. 1078–2 ) made on behalf of a dependent student are eligible for any repayment plan available under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. ) or regulations authorized under such Act ( 20 U.S.C. 1001 et seq. )
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  • 20 USC 1078–2
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Sec. 5
Inclusion of parent PLUS loans in income-contingent and income-based repayment plans
U.S.C.§ 1087e
U.S.C.§ 1098e
U.S.C.§ 1001
Cite20 USC 1078–2
Cites 4Cited by 0 across 0 sources
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