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Code · BILL · 116th Congress · S. 1002 (Introduced in Senate) — To amend the Higher Education Act of 1965 in order to increase usage of the Federal student loan income-based repayme... · Sec. 306

Sec. 306. Removing the collection cost requirement

82 words·~1 min read·/bill/116/s/1002/is/section-306

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Section 484A(b)(1) ( 20 U.S.C. 1091a(b)(1) ) is amended by striking shall be required to pay, in addition to other charges specified in this title, reasonable collection costs and inserting shall not be required to pay collection costs . Section 455(d)(6) ( 20 U.S.C. 1087e(d)(6) ), as redesignated under section 103(b), is amended by striking to— and all that follows through the period at the end and inserting to repay the loan pursuant to an income-based repayment plan under section 493C(c). .
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Sec. 306
Removing the collection cost requirement
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