Sec. 1516. Loan forgiveness for legal service providers at humanitarian campuses
414 words·~2 min read·
/bill/119/hr/4393/ih/section-1516·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subtitle C of title IV of the Homeland Security Act of 2002 ( 6 U.S.C. 231 et seq. ), as amended by section 1501 of this Act, is amended by adding at the end the following: The Secretary, in coordination with the Secretary of Education, shall forgive, in accordance with this section, the qualified loan amount described in subsection
(b)of the eligible student loan obligation of a borrower who— has attended an accredited law school at an institution of higher education (as defined in section 102 of the Higher Education Act of 1965) and obtained a Juris Doctor degree; has completed not less than four years of full-time employment as an attorney providing legal services at a humanitarian campus established under section 437(a); and is not in default on a loan for which the borrower seeks forgiveness. To provide loan forgiveness under paragraph
(1), the Secretary, in coordination with the Secretary of Education, is authorized to carry out a program— through the holder of the loan, to assume the obligation to repay a qualified loan amount for a loan made, insured, or guaranteed under part B of the Higher Education Act of 1965 (other than an excepted PLUS loan or an excepted consolidation loan (as such terms are defined in section 493C(a) of such Act of 1965)); and to cancel a qualified loan amount for a loan made under part D or E of such Act of 1965 (other than an excepted PLUS loan or an excepted consolidation loan (as such terms are defined in section 493C(a) of such Act of 1965)). The Secretary is authorized to issue such regulations as may be necessary to carry out this section. The Secretary shall forgive 75 percent of the eligible student loan obligation of a borrower described in subsection (a)(1) that is outstanding after the completion of the fourth year of employment described in such paragraph. The term eligible student loan obligation has the meaning given the term student loan in section 428L of the Higher Education Act of 1965, except that only the portion of such a student loan that is attributable to the borrower’s study of law and attainment of a Juris Doctor degree (and not to undergraduate study or other courses of study) shall be included when calculating the outstanding eligible student loan obligation of a borrower for purposes of paragraph
(1). Nothing in this section shall be construed to authorize any refunding of any repayment of a loan. .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 1516
Loan forgiveness for legal service providers at humanitarian campuses
Cites 1Cited by 0 across 0 sources