Sec. 214. Automatic recertification of income for income-driven repayment plans
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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 at the end of clause (ii); by redesignating clause
(iii)as clause (iv); in clause
(iv)(as so redesignated), by striking the period at the end and inserting ; and ; and by inserting after clause (ii), the following: in the case of a borrower who has selected to repay a loan made under this part pursuant to an income contingent repayment plan that defines discretionary income in such a manner that the borrower would have a calculated monthly payment equal to $0, not require the borrower to provide the Secretary the information described in clause
(i)or (ii), and ensure that the borrower will have a calculated monthly payment of $0; and . Section 493C(c)(2)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e(c)(2)(B) ) is amended by striking any loan made under part D (other than an excepted PLUS loan or excepted consolidation loan) and inserting any covered loan (as defined in section 455(d)(11)) .
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Sec. 214
Automatic recertification of income for income-driven repayment plans
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