Sec. 5. Disbursement of student loans

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Section 428G of the Higher Education Act of 1965 ( 20 U.S.C. 1078–7(a) ) is amended— in subsection (a), by adding at the end the following: Beginning on the date on which the final adjusted cohort default rates are published by the Secretary for not less than 3 fiscal years under section 435(m), an institution whose adjusted cohort default rate (as determined under section 435(m)) for each of the 3 most recent fiscal years for which data are available is less than 5 percent may disburse any loan made, insured, or guaranteed under this part in a single installment for any period of enrollment that is not more than 1 semester, 1 trimester, 1 quarter, or 4 months. ; and in subsection (e), by inserting before the period the following: , or beginning on the date on which the final adjusted cohort default rates are published by the Secretary for fiscal year 2018 under section 435(m), an adjusted cohort default rate (as determined under section 435(m)) of less than 2 percent .

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20 USC 1078–7(a)

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Sec. 5

Disbursement of student loans

Cite20 USC 1078–7(a)

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