Sec. 4508. Institutional refunds and Federal student loan flexibility
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/bill/116/s/3548/is/section-4508·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary may waive the institutional requirement in section 484B of the Higher Education Act of 1965 ( 20 U.S.C. 1091b ) with respect to the amount of grant or loan assistance (other than assistance received under part C of title IV of such Act) to be returned to the title IV programs if a recipient of assistance under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) withdraws from the institution during the payment period or period of enrollment as a result of a qualifying emergency.
The Secretary may waive the amounts that students are required to return in section 484B of the Higher Education Act of 1965 ( 20 U.S.C. 1091b ) with respect to Federal Pell Grants or other grant assistance if the withdrawals on which the returns are based on withdrawals by students who withdrew from the institution as a result of a qualifying emergency. Notwithstanding any other provision of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.), the Secretary shall cancel the borrower's obligation to repay the portion of a loan made under part D of title IV of such Act for a recipient of assistance who withdraws from the institution during the payment period as a result of a qualifying emergency.
Notwithstanding any other provision of law, for purposes of receiving assistance under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.), an institution of higher education may, as a result of a qualifying emergency, provide a student with an approved leave of absence that does not require the student to return at the same point in the academic program that the student began the leave of absence if the student returns within the same semester (or the equivalent).
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Sec. 4508
Institutional refunds and Federal student loan flexibility
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