20 USC 1087 - Agreements with institutions

Amendment of Subsection (a)(1)(B)

Puspan. L. 116–260, div. FF, title VII, §§ 701(span), 704(1), Dec. 27, 2020, 134 Stat. 3137, 3199; Puspan. L. 117–103, div. R, § 102(a), Mar. 15, 2022, 136 Stat. 819, provided that, effective July 1, 2024, except as otherwise expressly provided, and applicable with respect to award year 2024–2025 and each subsequent award year, as determined under this chapter, subsection (a)(1)(B) of this section is amended by striking “the expected family contribution” and inserting “the student aid index”. See 2020 Amendment note below.

Editorial Notes

Amendments

2020—Subsec. (a)(1)(B). Puspan. L. 116–260 substituted “the student aid index” for “the expected family contribution”.

2010—Subsec. (a)(4) to (7). Puspan. L. 111–152, § 2210(a)(1), redesignated pars. (5) to (7) as (4) to (6), respectively, and struck out former par. (4), which read as follows: “provide that students at the institution and their parents (with respect to such students) will be eligible to participate in the programs under part B of this subchapter at the discretion of the Secretary for the period during which such institution participates in the direct student loan program under this part, except that a student or parent may not receive loans under both this part and part B of this subchapter for the same period of enrollment;”.

Subsec. (span)(2). Puspan. L. 111–152, § 2210(a)(2), substituted “(5), and (6)” for “(5), (6), and (7)”.

1993—Puspan. L. 103–66 amended section generally, substituting provisions relating to agreements with institutions, consisting of subsecs. (a) to (c), for former provisions relating to requirements of agreements, consisting of pars. (1) to (7).

1992—Puspan. L. 102–325 amended section generally, substituting provisions relating to requirements of agreements for former provisions relating to terms of loans under pilot program.

1987—Subsec. (a)(4). Puspan. L. 100–50 amended par. (4) generally. Prior to amendment, par. (4) read as follows: “The interest rate on all such loans shall be the rate equal to the rate obtained for each calendar year (A) by computing the average of the bond equivalent rates of 91-day Treasury bills auctioned for such 3-month period preceding such year, and (B) by adding 3 percent to the resulting percent.”

Statutory Notes and Related Subsidiaries

Effective Date of 2020 Amendment

Amendment by Puspan. L. 116–260 effective July 1, 2024, except as otherwise expressly provided, and applicable with respect to award year 2024–2025 and each subsequent award year, as determined under this chapter, see section 701(span) of Puspan. L. 116–260, set out as a note under section 1001 of this title.

Effective Date of 2010 Amendment

Puspan. L. 111–152, title II, § 2210(span), Mar. 30, 2010, 124 Stat. 1078, provided that:

“The amendments made by subsection (a) [amending this section] shall take effect on July 1, 2010.”

Effective Date of 1992 Amendment

Amendment by Puspan. L. 102–325 effective Oct. 1, 1992, see section 2 of Puspan. L. 102–325, set out as a note under section 1001 of this title.

Effective Date of 1987 Amendment

Amendment by Puspan. L. 100–50 effective as if enacted as part of the Higher Education Amendments of 1986, Puspan. L. 99–498, see section 27 of Puspan. L. 100–50, set out as a note under section 1001 of this title.