Sec. 203. Income-based repayment
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/bill/116/hr/3102/ih/section-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 493C of the Higher Education Act of 1965 ( 20 U.S.C. 1098e ) is amended by adding at the end the following: In calculating the period of time during which a borrower of a loan that is refinanced under section 460A has made monthly payments for purposes of subsection (b)(7), the Secretary shall deem the period to include all monthly payments made for the original loan, and all monthly payments made for the refinanced loan, that otherwise meet the requirements of this section.
In calculating the period of time during which a borrower of a Federal Direct Refinanced Private Loan under section 460B has made monthly payments for purposes of subsection (b)(7), the Secretary shall include only payments— that are made after the date of the issuance of the Federal Direct Refinanced Private Loan; and that otherwise meet the requirements of this section. .
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Sec. 203
Income-based repayment
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