minimum rate of repayment

minimum rate of repayment Sec. 464. (a) Section 205(b) (2) of the National Defense Education Act of 1958 is further amended by striking out “and” before “(E)” and by inserting at the end thereof before the semicolon “, and (F) the institution may provide, in accordance with regulations of the Commissioner, that during the repayment period of the loan payments of principal and interest by the borrower with respect to all the outstanding loans made to him from loan funds established pursuant to this title shall be at a rate equal to not less than $15 per month”. (b) The amendment made by this section shall be applicable only with respect to loans made after the date of enactment of this Act.