student loan agreements

student loan agreements Sec. 402. Section 740 is amended— (1) by striking out “of Health, Education, and Welfare” in subsection (a); (2) by striking out “, except as provided in section 746,” in paragraphs (2) and (3) of subsection (b); (3) by striking out “. and that while the agreement remains in effect” and all that follows through “National Defense Education Act of 1958; and” in subsection (b)(4) and inserting in lieu thereof a semicolon; and (4) by redesignating paragraph (5) of subsection (b) as paragraph (6), and inserting after paragraph (4) of such subsection the following new paragraph: “(5) provide that the school shall advise, in writing, each applicant for a loan from the student loan fund of the provisions of section 741 under which outstanding loans from the student loan fund may be paid (in whole or in part) by the Secretary; and”.