Sec. 224. Interest capitalization

293 words·~1 min read·/bill/118/hr/6951/ih/section-224

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Section 428B(d)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–2(d)(2) ) is amended to read as follows: Interest on loans made under this section for which payments of principal are deferred pursuant to paragraph

(1)shall be paid monthly or quarterly, if agreed upon by the borrower and the lender. . Section 428C(b)(4)(C)(ii)(III) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–3(b)(4)(C)(III) ) is amended by striking or capitalized, . Section 428H(d)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–8(d)(5) ) is amended by inserting before the date of enactment of the after College Cost Reduction Act Interest capitalized . Section 428H(e)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–8(e)(2) ) is amended— in subparagraph (A), in the matter before clause (i), by striking , if agreed upon by the borrower and the lender and all that follows through clause (ii)(IV) and inserting be paid monthly or quarterly, if agreed upon by the borrower and the lender. ; by striking subparagraph (B); and by redesignating subparagraph

(C)as subparagraph (B). Section 455(e)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(e)(5) ) is amended by striking the last sentence and inserting No interest may be capitalized on such loan on or after the date of the enactment of the . College Cost Reduction Act , and the Secretary shall promulgate regulations with respect to the treatment of accrued interest that is not capitalized Section 455(f)(1)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(f)(1)(B) ) is amended by striking capitalized or . Section 493C(b)(3)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e(b)(3)(B) ) is amended by inserting shall accrue but not before be capitalized .

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U.S. Code

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20 USC 1078–2(d)(2)
20 USC 1078–3(b)(4)(C)(III)
20 USC 1078–8(d)(5)
20 USC 1078–8(e)(2)

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cites case law

Sec. 224

Interest capitalization

U.S.C.§ 1087e

U.S.C.§ 1098e

Cite20 USC 1078–2(d)(2)

Cite20 USC 1078–3(b)(4)(C)(III)

Cite20 USC 1078–8(d)(5)

Cite20 USC 1078–8(e)(2)

Cites 6Cited by 0 across 0 sources