Sec. 4. Contracts and cooperative agreements
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Section 456 of the Higher Education Act of 1965 ( 20 U.S.C. 1087f ) is amended by adding at the end the following: The Secretary may enter into contracts or cooperative agreements for— statewide or institutionally based programs for the prevention of Federal student loan delinquency and default at institutions of higher education that— have a high cohort default rate as defined under section 435(m); or serve large numbers or percentages of student loan borrowers who have a risk factor associated with higher default rates on Federal student loans under this title, such as coming from a low-income family, being a first generation postsecondary education student, not having a secondary school diploma, or having previously defaulted on, and rehabilitated, a loan made under this title; and increasing the number of borrowers who successfully rehabilitate defaulted loans. .
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Sec. 4
Contracts and cooperative agreements
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