Sec. 203. Inclusion of Parent PLUS Loans in Repayment Programs
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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 428(b)(9)(A)(v) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(9)(A)(v) ) is amended by striking , except that the plan described in this clause shall not be available to a borrower for a loan under section 428B made on behalf of a dependent student or for a consolidation loan under section 428C, if the proceeds of such loan were used to discharge the liability of a loan under section 428B made on behalf of a dependent student .
Section 428C(c)(3)(C) of such Act ( 20 U.S.C. 1078–3(c)(3)(C) ) is amended— in subparagraph (A), by inserting and at the end; in subparagraph (B), by striking and at the end and inserting a period; and by striking subparagraph (C). 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 .
Section 493C of such Act ( 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), .
Section 428K(a)(2) of such Act ( 20 U.S.C. 1078–11(a)(2) ) is amended— in subparagraph (A), by striking (other than an excepted PLUS loan or an excepted consolidation loan (as such terms are defined in section 493C(a))) ; and in subparagraph (B), by striking (other than an excepted PLUS loan or an excepted consolidation loan) . Any plan for the repayment of loans made under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.), which is finalized by the Secretary of Education on or after the date of enactment of this Act, shall include the repayment of a loan under section 428B of the Higher Education Act of 1965, or a Federal Direct PLUS Loan under part D of title IV of such Act, that is made, insured, or guaranteed on behalf of a dependent student.
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- 20 USC 1078–3(c)(3)(C)
- 20 USC 1078–11(a)(2)
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Sec. 203
Inclusion of Parent PLUS Loans in Repayment Programs
Cite20 USC 1078–3(c)(3)(C)
Cite20 USC 1078–11(a)(2)
Cites 6Cited by 0 across 0 sources