Sec. 2209. ORIGINATION OF DIRECT LOANS AT INSTITUTIONS OUTSIDE THE UNITED STATES
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## SEC. 2209 ORIGINATION OF DIRECT LOANS AT INSTITUTIONS OUTSIDE THE UNITED STATES ###
(a)Loans for Students Attending Institutions Outside the United States Section 452 (20 U.S.C. 1087b) is amended by adding at the end the following: > > ### “(d) Institutions Outside the United States > > Loan funds for students (and parents of students) attending institutions outside the United States shall be disbursed through a financial institution located or operating in the United States and designated by the Secretary to serve as the agent of such institutions with respect to the receipt of the disbursements of such loan funds and the transfer of such funds to such institutions. To be eligible to receive funds under this part, an institution outside the United States shall make arrangements with the agent designated by the Secretary under this subsection to receive funds under this part.” > . ###
(b)Conforming Amendments ####
(1)Amendments Section 102 (20 U.S.C. 1002), as amended by section 102 of the Higher Education Opportunity Act (Public Law 110-315) and section 101 of Public Law 111-39, is amended— #####
(A)by striking “part B” each place the term appears and inserting “part D”; #####
(B)in subsection (a)(1)(C), by inserting “, consistent with the requirements of section 452(d)” before the period at the end; and #####
(C)in subsection (a)(2)(A)— ######
(i)in the second sentence of the matter preceding clause (i), by striking “made, insured, or guaranteed” and inserting “made”; and ######
(ii)in clause (iii)— ######
(I)in subclause (III), by striking “only Federal Stafford” and all that follows through “section 428B” and inserting “only Federal Direct Stafford Loans under section 455(a)(2)(A), Federal Direct Unsubsidized Stafford Loans under section 455(a)(2)(D), or Federal Direct PLUS Loans under section 455(a)(2)(B)”; and ######
(II)in subclause (V), by striking “a Federal Stafford” and all that follows through “section 428B” and inserting “a Federal Direct Stafford Loan under section 455(a)(2)(A), a Federal Direct Unsubsidized Stafford Loan under section 455(a)(2)(D), or a Federal Direct PLUS Loan under section 455(a)(2)(B)”. ####
(2)Effective Date **[**[20 U.S.C. 1002 note](/us/usc/t20/s1002)**]** The amendments made by subparagraph
(C)of paragraph
(1)shall be effective on July 1, 2010, as if enacted as part of section 102(a)(1) of the Higher Education Opportunity Act (Public Law 110-315) and subject to section 102(e) of such Act as amended by section 101(a)(2) of Public Law 111-39 (20 U.S.C. 1002 note).
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- Pub. L. 110-315
- Pub. L. 111-39
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Sec. 2209
ORIGINATION OF DIRECT LOANS AT INSTITUTIONS OUTSIDE THE UNITED STATES
Pub. L.Pub. L. 110-315
Pub. L.Pub. L. 111-39
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