§ 292b. Limitations on individual insured loans and on loan insurance
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(a)In general The total of the loans made to a student in any academic year or its equivalent (as determined by the Secretary) which may be covered by Federal loan insurance under this subpart may not exceed $20,000 in the case of a student enrolled in a school of medicine, osteopathic medicine, dentistry, veterinary medicine, optometry, or podiatric medicine, and $12,500 in the case of a student enrolled in a school of pharmacy, public health, allied health, or chiropractic, or a graduate program in health administration or behavioral and mental health practice, including clinical psychology. The aggregate insured unpaid principal amount for all such insured loans made to any borrower shall not at any time exceed $80,000 in the case of a borrower who is or was a student enrolled in a school of medicine, osteopathic medicine, dentistry, veterinary medicine, optometry, or podiatric medicine, and $50,000 in the case of a borrower who is or was a student enrolled in a school of pharmacy, public health, allied health, or chiropractic, or a graduate program in health administration or clinical psychology. The annual insurable limit per student shall not be exceeded by a line of credit under which actual payments by the lender to the borrower will not be made in any year in excess of the annual limit.
(b)Extent of insurance liability The insurance liability on any loan insured by the Secretary under this subpart shall be 100 percent of the unpaid balance of the principal amount of the loan plus interest. The full faith and credit of the United States is pledged to the payment of all amounts which may be required to be paid under the provisions of section 292f or 292m of this title.
(July 1, 1944, ch. 373, title VII, § 703, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 1995; amended Pub. L. 105–392, title I, § 141(c)(1), Nov. 13, 1998, 112 Stat. 3579.)
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statutes-at-large
- Public Law 91–513
- Public Law 90–490
- Public Law 99–272To provide for reconciliation pursuant to section 2 of the first concurrent resolution on the budget for fiscal year 1986 (S
- Public Law 95–626To amend the Public Health Service Act and related health laws to revise ant extend the programs of financial assistance for the delivery of health services, the provision of preventive health services, and for other purposes
- Public Law 94–484To amend the Public Health Service Act to revise and extend the programs of assistance under title VII for training In the health and allied health professions, to revise the National Health Service Corps program and the National Health Service Corps scholarship training program, and for other purpo
- Public Law 105–392To amend the Public Health Service Act to consolidate and reauthorize health professions and minority and disadvantaged health education programs, and for other purposes
- Public Law 98–63Making supplemental appropriations for the fiscal year ending September 30, 1983 and for other purposes
- Public Law 99–129To amend the Public Health Service Act to revise and extend the programs under title VII of that Act
- Public Law 102–408To amend the Public Health Service Act to revise and extend certain programs relating to the education of individuals as health professionals, and for other purposes
- Public Law 100–607To amend the Public Health Service Act to establish certain health programs, to revise and extend certain health programs, and Tor other purposes
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- July 1, 1944, ch. 373
- Pub. L. 102–408, title I, § 102
- 106 Stat. 1995
- Pub. L. 105–392, title I, § 141(c)(1)
- 112 Stat. 3579
- act July 1, 1944, ch. 373, title VII, § 702
- Pub. L. 88–129, § 2(b)
- 77 Stat. 169
- Pub. L. 88–581, § 3(c)
- 78 Stat. 919
- Pub. L. 89–709, § 2(d)
- 80 Stat. 1103
- Pub. L. 89–751, § 3(a)
- 80 Stat. 1230
- Pub. L. 90–174, § 12(c)
- 81 Stat. 541
- Pub. L. 91–515, title VI, § 601(b)(2)
- 84 Stat. 1311
- Pub. L. 92–157, title I, § 108(a)
- 85 Stat. 460
- Pub. L. 94–484, title II
- 90 Stat. 2247
- Pub. L. 99–129, title II, § 205(a)
- 99 Stat. 527
- Pub. L. 100–607, title VI
- 102 Stat. 3141
- Pub. L. 102–408
- act July 1, 1944, ch. 373, title VII, § 703
- July 30, 1956, ch. 779, § 2
- 70 Stat. 717
- Pub. L. 88–129, § 2(a)
- 77 Stat. 164
- Pub. L. 90–490, title IV, § 403
- 82 Stat. 789
- Pub. L. 91–515, title VI, § 601(a)(1)
- 84 Stat. 1310
- Pub. L. 92–157, title I, § 102(k)(2)(A)
- 85 Stat. 437
- Pub. L. 94–484, title II, § 201(a)
- 90 Stat. 2246
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§ 292b
Limitations on individual insured loans and on loan insurance
Stat.×13
U.S.C.×3
ActJuly 1, 1944, ch. 373
Pub. L.Pub. L. 102–408, title I, § 102
Stat.106 Stat. 1995
Pub. L.Pub. L. 105–392, title I, § 141(c)(1)
Stat.112 Stat. 3579
Cites 43 · showing 6Cited by 16 across 2 sources