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Code · U.S. Code · Title 20 - EDUCATION · CHAPTER 28— HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE · SUBCHAPTER IV— STUDENT ASSISTANCE · § 1087a

§ 1087a. Program authority

860 words·~4 min read·/usc/title-20/section-1087a

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(a)In general There are hereby made available, in accordance with the provisions of this part, such sums as may be necessary
(1)to make loans to all eligible students (and the eligible parents of such students) in attendance at participating institutions of higher education selected by the Secretary, to enable such students to pursue their courses of study at such institutions during the period beginning July 1, 1994; and
(2)for purchasing loans under section 1087i–1 of this title. Loans made under this part shall be made by participating institutions, or consortia thereof, that have agreements with the Secretary to originate loans, or by alternative originators designated by the Secretary to make loans for students in attendance at participating institutions (and their parents).
(b)Designation
(1)Program The program established under this part shall be referred to as the “William D. Ford Federal Direct Loan Program”.
(2)Direct loans Notwithstanding any other provision of this part, loans made to borrowers under this part that, except as otherwise specified in this part, have the same terms, conditions, and benefits as loans made to borrowers under section 1078 of this title, shall be known as “Federal Direct Stafford/Ford Loans”.
(c)Maximum aid The maximum dollar amount of financial assistance provided under this part to a student shall not exceed the cost of attendance for such student.
(Pub. L. 89–329, title IV, § 451, as added Pub. L. 99–498, title IV, § 404, Oct. 17, 1986, 100 Stat. 1437; amended Pub. L. 102–325, title IV, § 451, July 23, 1992, 106 Stat. 569; Pub. L. 103–66, title IV, § 4021, Aug. 10, 1993, 107 Stat. 341; Pub. L. 103–382, title III, § 358A, Oct. 20, 1994, 108 Stat. 3968; Pub. L. 110–227, § 7(a), May 7, 2008, 122 Stat. 746; Pub. L. 116–260, div. FF, title VII, § 702(a)(2), Dec. 27, 2020, 134 Stat. 3138.)
Connections658 cite this · traces to 8
Cited by 658 sections · top 60
U.S. Code
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25 references not yet in our index
  • Pub. L. 89–329, title IV, § 451
  • Pub. L. 99–498, title IV, § 404
  • 100 Stat. 1437
  • Pub. L. 102–325, title IV, § 451
  • 106 Stat. 569
  • Pub. L. 103–66, title IV, § 4021
  • 107 Stat. 341
  • Pub. L. 103–382, title III, § 358A
  • 108 Stat. 3968
  • Pub. L. 110–227, § 7(a)
  • 122 Stat. 746
  • 134 Stat. 3138
  • Pub. L. 90–575, title I, § 141
  • 82 Stat. 1031
  • Pub. L. 92–318, title I, § 136(a)
  • 86 Stat. 272
  • Pub. L. 94–482, title I, § 129(a)
  • 90 Stat. 2144
  • Pub. L. 110–227
  • Pub. L. 103–382
  • Pub. L. 103–66
  • Pub. L. 102–325
  • section 2 of Pub. L. 102–325
  • Pub. L. 102–325, title IV, § 452
  • 106 Stat. 575
Citation graph
cites case law
§ 1087a
Program authority
Bills×443
Fed. Reg.×97
Stat.×37
U.S.C.×25
C.F.R.×24
Stat. Comp.×21
Pub. L.×11
Pub. L.Pub. L. 89–329, title IV, § 451
Pub. L.Pub. L. 99–498, title IV, § 404
Stat.100 Stat. 1437
Pub. L.Pub. L. 102–325, title IV, § 451
Cites 33 · showing 12Cited by 658 across 7 sources
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