Sec. 432. EFFECTIVE DATES FOR AMENDMENTS TO PART B
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## SEC. 432 EFFECTIVE DATES FOR AMENDMENTS TO PART B **[**[20 U.S.C. 1078 note](/us/usc/t20/s1078)**]** ###
(a)In General The changes made in part B of title IV of the Act by the amendments made by this part shall take effect on the date of enactment of this Act, except— ####
(1)as otherwise provided in such part B; ####
(2)that the changes made in sections 425(a), 428(b)(1)(A), 428(b)(1)(B), 428A(b), 428B(b), relating to annual and aggregate loan limits, shall apply with respect to loans for which the first disbursement is made on or after July 1, 1993, except that— #####
(A)the changes made in section 425(a)(1)(A)(i) and 428(b)(1)(A)(i) shall apply with respect to loans for which the first disbursement is made on or after October 1, 1992; and #####
(B)the changes made in section 425(a)(1)(A)(iv) and 428(b)(1)(A)(iv) shall apply with respect to loans to cover the costs of instruction for periods of enrollment beginning on or after October 1, 1993; ####
(3)that the changes made in sections 427(a)(2)(C), 428(b)(1)(M), and 428B(d)(1), relating to deferments, shall apply with respect to loans for which the first disbursement is made on or after July 1, 1993, to an individual who is a new borrower on the date such individual applies for a loan; ####
(4)that the changes made in sections 428(a)(7) and 428(f)(1)(C), relating to payments for unconsummated loans, shall apply with respect to loans made on or after October 1, 1992; ####
(5)that the changes made in sections 427(a)(2)(H) and 428(b)(1)(E)(i), relating to offering graduated or income sensitive repayment options, shall apply with respect to loans for which the first disbursement is made on or after July 1, 1993, to an individual who is a new borrower on the date such individual applies for a loan; ####
(6)that the changes made in section 428(b)(4), relating to teacher deferment, shall apply with respect to loans for which the first disbursement is made on or after July 1, 1993, to an individual who is a new borrower on the date such individual applies for a loan; ####
(7)that section 428(c)(2)(H)(i) as added by such amendments shall be effective on and after October 1, 1992; ####
(8)that the changes in section 428(c)(3) with respect to forbearance after a default shall be effective on and after October 1, 1992; ####
(9)that the changes made in section 428B(a) with respect to use of credit histories shall apply with respect to loans for which the first disbursement is made on or after July 1, 1993; ####
(10)that section 428B(c) as added by such amendments, relating to disbursement of Federal PLUS Loans, shall apply with respect to loans for which the first disbursement is made on or after October 1, 1992; ####
(11)that the changes made in section 428C, relating to consolidation loans, shall apply with respect to loans under such section for which the application is received by an eligible lender on or after January 1, 1993; ####
(12)that section 428H as added by such amendments shall be effective with respect to loans made to cover the cost of instruction for periods of enrollment beginning on or after October 1, 1992; ####
(13)that the changes made in section 438 shall apply with respect to loans for which the first disbursement is made on or after October 1, 1992; ####
(14)that the changes in section 439(d)(1), relating to facilities loans, shall apply with respect to applications received on or after July 1, 1992; and ####
(15)that the changes in the designation or names of loans or programs under part B is effective with respect to applications or other documents (used in making such loans) that are printed after the date of enactment of this Act. ###
(b)New Borrowers For purposes of the section, the term “**new borrower**” means, with respect to any date, an individual who on that date has no outstanding balance of principal or interest owing on any loan made, insured, or guaranteed under part B of title IV of the Act. * * * * * * * ### PART D FEDERAL DIRECT LOANS * * * * * * *
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Sec. 432
EFFECTIVE DATES FOR AMENDMENTS TO PART B
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