Sec. 404. Automatic recertification for income-driven repayment plans
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/bill/117/hr/6424/ih/section-404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 455(e)(8)(A) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(e)(8)(A) ) is amended— by striking and after clause (ii); in clause (iii), by striking the period at the end and inserting ; and ; and by adding at the end the following: in the case of a borrower for whom adjusted gross income is unavailable— if the borrower has selected to repay the covered loans of such borrower pursuant to an income-contingent repayment plan that defines discretionary income in such a manner that an individual not required under section 6012(a)(1) of the Internal Revenue Code of 1986 to file a return with respect to income taxes imposed by subtitle A of such Code may have a calculated monthly payment greater than $0, the borrower will be required to provide the Secretary with other documentation of income satisfactory to the Secretary, which documentation the Secretary may use to determine an appropriate repayment schedule; or if the borrower has selected to repay such loans pursuant to an income-contingent repayment that is not described in subclause (I), the borrower will not be required to provide the Secretary with such other documentation of income, and the borrower will have a calculated monthly payment of $0. .
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Sec. 404
Automatic recertification for income-driven repayment plans
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