TERMINATION OF FEDERAL PAYMENTS TO REDUCE STUDENT INTEREST COSTS.

SEC. 2204. TERMINATION OF FEDERAL PAYMENTS TO REDUCE STUDENT INTEREST COSTS. (a) Higher Education Act of 1965.—Section 428 (20 U.S.C. 1078) is amended— (1) in subsection (a)— (A) in paragraph (1), in the matter preceding subparagraph (A), by inserting “for which the first disbursement is made before July 1, 2010, and” after “eligible institution”; and (B) in paragraph (5), by striking “September 30, 2014,” and all that follows through the period and inserting “June 30, 2010.”; (2) in subsection (b)(1)— (A) in subparagraph (G)(ii), by inserting “and before July 1, 2010,” after “July 1, 2006,”; and (B) in subparagraph (H)(ii), by inserting “and that are first disbursed before July 1, 2010,” after “July 1, 2006,”; (3) in subsection (f)(1)(A)(ii)— (A) by striking “during fiscal years beginning”; and (B) by inserting “and first disbursed before July 1, 2010,” after “October 1, 2003,”; and (4) in subsection (j)(1), by inserting “, before July 1, 2010,” after “section 435(d)(1)(D) of this Act shall”. (b) [20 U.S.C. 1078] College Cost Reduction and Access Act.—Section 303 of the College Cost Reduction and Access Act (Public Law 110-84) is repealed.