technical amendments

technical amendments Sec. 132D. Section 437 of such Act is amended to read as follows: “repayment by the commissioner of loans of deceased or disabled borrowers “Sec. 437. If a student borrower who has received a loan described in clause (A), (B), or (C) of section 428(a)(1) dies or becomes permanently and totally disabled (as determined in accordance with86 Stat. 264 regulations of the Commissioner), then the Commissioner shall this charge the borrower’s liability on the loan by repaying the amount owed on the loan.”. (b) Paragraph (1) of section 428(b) is amended (1) by striking out “and” at the end of clause (J) thereof, (2) by striking out the period at the end of clause (K) and inserting “; and” in lieu thereof, and (3) by adding at the end of such paragraph the following new clause: “(L) provides that periodic installments of principal need not he paid, but interest shall accrue and be paid during any period (i) during-which the borrower is pursuing a full-time course, of study at an eligible institution, (ii) not in excess of three years during which the borrower is a member of the Armed Forces of the United States, (iii) not in excess of three years during which the borrower is in service as a volunteer under the Peace Corps Act, or (iv) not in excess of three years during which the borrower is in service as a full-time volunteer under title VIII of the Economic Opportunity Act of 1964.” (c) Section 428(e) of such Act is repealed. (d) Paragraph (1) of subsection (c) of such section 428 is amended by striking out “adjusted family income of the borrower” and inserting in lieu thereof “the borrower’s lack of need”. (e) Section 434 of such Act is amended by striking out “up to 15 per centum of their assets,”.