Pub. L. 115-245, div. B, tit. III, sec. 309 (as amended)

Pub. L. 115-245, div. B, tit. III, sec. 309 (as amended)

Year: 2024Length: 457 wordsOfficial source
SEC. 309. (a) Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)) is amended— (1) by redesignating paragraphs (3) and (4) as paragraphs (4) and (5), respectively; and (2) by inserting after paragraph (2) the following: “(3) Deferment for borrowers receiving cancer treatment.— “(A) Effect on principal and interest.—A borrower of a loan made under this part who meets the requirements of subparagraph (B) shall be eligible for a deferment, during which periodic installments of principal need not be paid, and interest shall not accrue. “(B) Eligibility.—A borrower of a loan made under this part shall be eligible for a deferment during— “(i) any period in which such borrower is receiving treatment for cancer; and “(ii) the 6 months after such period. “(C) Applicability.—This paragraph shall apply with respect to loans— “(i) made on or after the date of the enactment of this paragraph; or “(ii) in repayment on the date of the enactment of this paragraph.” . (b) Section 427(a)(2)(C) of the Higher Education Act of 1965 (20 U.S.C. 1077(a)(2)(C)) is amended— (1) in clause (ii), by striking “; or” and inserting a semicolon; (2) in clause (iii), by inserting “or” after the semicolon; and (3) by inserting after clause (iii) the following: “(iv) in which the borrower is receiving treatment for cancer and the 6 months after such period.” . (c) Section 428(b)(1)(M) of the Higher Education Act of 1965 (20 U.S.C. 1078(b)(1)(M)) is amended— (1) in clause (iii), by striking “or (II); or” and inserting a “or (II);”; (2) in clause (iv), by inserting “or” after the semicolon; and (3) by adding at the end the following: “(v) during which the borrower is receiving treatment for cancer and the 6 months after such period;” . (d) Section 464(c)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087dd(c)(2)) is amended— (1) in subparagraph (A)— (A) in clause (iv), by striking “; or” and inserting a semicolon; (B) in clause (v), by inserting “or” after the semicolon; and (C) by inserting after clause (v) the following: “(vi) during which the borrower is receiving treatment for cancer and the 6 months after such period;” . (e) Section 428H(e)(2) of the Higher Education Act of 1965 (20 U.S.C. 1078-8(e)(2)) is amended— (1) in subparagraph (A), by striking “Interest” and inserting, “Except as provided in subparagraph (C), interest”; and (2) by adding at the end the following: “(C) Interest shall not accrue on a loan deferred under section 428(b)(1)(M)(v) or 427(a)(2)(C)(iv).” . (f) [20 U.S.C. 1077 note] The amendments made by this Act shall apply with respect to loans— (1) made on or after the date of the enactment of this Act; or (2) in repayment on the date of the enactment of this Act.
Cross-references to the US Code
20 U.S.C. 1077 note
Pub. L. 115-245, div. B, tit. III, sec. 309 (as amended) | Justis AI