Editorial Notes
Amendments

2013—Subsec. (a)(4). Puspan. L. 113–67, § 502(1)(A), struck out par. (4) which related to servicing by eligible not-for-profit servicers.

Subsec. (c). Puspan. L. 113–67, § 502(1)(B), struck out subsec. (c) which defined eligible not-for-profit servicer for purposes of this section.

2010—Subsec. (a)(4). Puspan. L. 111–152, § 2212(a)(1)(A), added par. (4).

Subsec. (c). Puspan. L. 111–152, § 2212(a)(2), added subsec. (c).

2008—Subsec. (span)(2), (3). Puspan. L. 110–227 inserted “or purchased” after “loans made”.

1998—Subsec. (span)(3). Puspan. L. 105–244, § 453(1), inserted “and” after semicolon.

Subsec. (span)(4), (5). Puspan. L. 105–244, § 453(2), (3), redesignated par. (5) as (4) and struck out former par. (4) which read as follows: “services to assist in the orderly transition from the loan programs under part B of this subchapter to the direct student loan program under this part; and”.

1993—Puspan. L. 103–66 amended section generally, substituting provisions relating to contracts for former provisions relating to terms and conditions.

Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment

Amendment by Puspan. L. 105–244 effective Oct. 1, 1998, except as otherwise provided in Puspan. L. 105–244, see section 3 of Puspan. L. 105–244, set out as a note under section 1001 of this title.

Effective Date

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

Selection of Student Loan Servicer

Puspan. L. 117–328, div. H, title III, Dec. 29, 2022, 136 Stat. 4893, provided in part:

“That for student loan contracts awarded prior to October 1, 2017, the Secretary [of Education] shall allow student loan borrowers who are consolidating Federal student loans to select from any student loan servicer to service their new consolidated student loan”.

Similar provisions were contained in the following prior appropriation acts:

Puspan. L. 117–103, div. H, title III, Mar. 15, 2022, 136 Stat. 480.

Puspan. L. 116–260, div. H, title III, Dec. 27, 2020, 134 Stat. 1603.

Puspan. L. 116–94, div. A, title III, Dec. 20, 2019, 133 Stat. 2592.

Puspan. L. 115–245, div. B, title III, Sept. 28, 2018, 132 Stat. 3102.

Puspan. L. 115–141, div. H, title III, Mar. 23, 2018, 132 Stat. 746.

Puspan. L. 115–31, div. H, title III, May 5, 2017, 131 Stat. 549.