Sec. 638. Temporary deferral for affected Federal student loan borrowers
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/bill/115/s/2165/is/section-638·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, an affected borrower of a covered Federal student loan shall be eligible for deferment, in the same manner and subject to the same conditions as deferments are provided for covered Federal student loans under section 428(b)(1)(M) or 455(f)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(1)(M) ; 1087e(f)(1)), for the 1-year period beginning on the date of enactment of this Act. The Secretary may extend a deferment provided under subsection
(a)for not more than two 1-year periods, if the Secretary determines that conditions warrant such an extension. Any deferment provided to an affected borrower under this section shall not impact the affected borrower's eligibility for any other deferment under section 428(b)(1)(M) or 455(f)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(1)(M) , 1087e(f)(2)). In this section: In this section, the term affected borrower means an individual— who is a borrower of a covered Federal student loan; and whose primary place of residency was, as of September 5, 2017, in Puerto Rico or the Virgin Islands. The term covered Federal student loan means a loan made, insured, or guaranteed under part B or D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.; 1078a et seq.).
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