REPEAL OF EXPIRED PROGRAM OF ACCELERATED-PAYMENT LOANS.

SEC. 124. REPEAL OF EXPIRED PROGRAM OF ACCELERATED-PAYMENT LOANS. (a) Repeal.—Sections 1682A, 1686, 1737, and 1738 are repealed. (b) Conforming Amendments.—Section 1798 is amended— (1) by striking out “or person” each place it appears; (2) in subsection (a)(1)— (A) by striking out “and eligible person”; and (B) by inserting “(if the program of education is pursued in a State)” after “subchapter”; (3) in subsection (b)— (A) in paragraph (1), by striking out “or eligible person”; and (B) in paragraph (3), by striking out “or subchapter 11 of chapter 35, respectively,”; (4) in subsection (e)— (A) in paragraph (2), by striking out “or person’s”; and (B) by amending paragraph (3)(B) to read as follows:102 STAT. 4175 “(B) data regarding the default experience and default rate with respect to loans made under this section.”; (5) in subsection (f)— (A) by striking out paragraphs (1) and (3); and (B) by striking out “(2)”; and (6) in subsection (g)(2)(A)— (A) in the first sentence, by striking out “and eligible persons”; and (B) in the second sentence, by striking out “or eligible person”. (c) Clerical Amendments.— (1) The table of sections at the beginning of chapter 34 is amended by striking out the items relating to sections 1682A and 1686. (2) The table of sections at the beginning of chapter 35 is amended by striking out the items relating to sections 1737 and 1738. (3) The table of sections at the beginning of chapter 36 is amended by striking out the heading relating to subchapter III and inserting in lieu thereof the following: ”SUBCHAPTER III— EDUCATION LOANS”. (4) Chapter 36 is amended by striking out the heading for subchapter III and inserting in lieu thereof the following: ”SUBCHAPTER III— EDUCATION LOANS”.