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Federal law — U.S. Code and appendices · legal_authorities
<a id="section-2173"></a>
Source: U.S. Code supplied Markdown snapshot · 10 U.S.C. § 2172
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Stable record: federal_law:legal_authorities:record_usc_230de50fee18bb22b1627604
Source file: Laws/federal/codes/united-states-code/title-10/section-2172-renumbered-16302--427cdd352f.md
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Source location: Laws/federal/codes/united-states-code/title-10/section-2172-renumbered-16302--427cdd352f.md#record-record-usc-230de50fee18bb22b1627604
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Under regulations prescribed by the Secretary of Defense and subject to the other provisions of this section, the Secretary concerned may repay— (1) a loan made, insured, or guaranteed under part B of title IV of the Higher Education Act of 1965 ([20 U.S.C. 1071](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1071&num=0&edition=prelim) et seq.); (2) any loan made under part D of such title (the William D. Ford Federal Direct Loan Program, [20 U.S.C. 1087a](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087a&num=0&edition=prelim) et seq.); or (3) a loan made under part E of such title ([20 U.S.C. 1087aa](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087aa&num=0&edition=prelim) et seq.) after October 1, 1975; (4) a health professions education loan made or insured under part A of title VII of the Public Health Service Act ([42 U.S.C. 292](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292&num=0&edition=prelim) et seq.) or under part B of title VIII of such Act ([42 U.S.C. 297](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section297&num=0&edition=prelim) et seq.); and (5) a loan made, insured, or guaranteed through a recognized financial or educational institution if that loan was used to finance education regarding a basic professional qualifying degree (as determined under regulations prescribed by the Secretary of Defense) or graduate education in a health profession that the Secretary of Defense determines to be critically needed in order to meet identified wartime combat medical skill shortages. **(b)** The Secretary concerned may repay loans described in subsection (a) only in the case of a person who— (1) perfo
Source: Supplied U.S. Code snapshot — release unconfirmed · 10 U.S.C. § 16302
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Disclosure required prior to disbursement** Each institution of higher education shall, at or prior to the time such institution makes a loan to a student borrower which is made under this part, provide thorough and adequate loan information on such loan to the student borrower. Any disclosure required by this subsection may be made by an institution of higher education as part of the written application material provided to the borrower, or as part of the promissory note evidencing the loan, or on a separate written form provided to the borrower. The disclosures shall include— (1) the name of the institution of higher education, and the address to which communications and payments should be sent; (2) the principal amount of the loan; (3) the amount of any charges collected by the institution at or prior to the disbursal of the loan and whether such charges are deducted from the proceeds of the loan or paid separately by the borrower; (4) the stated interest rate on the loan; (5) the yearly and cumulative maximum amounts that may be borrowed; (6) an explanation of when repayment of the loan will be required and when the borrower will be obligated to pay interest that accrues on the loan; (7) a statement as to the minimum and maximum repayment term which the institution may impose, and the minimum monthly payment required by law and a description of any penalty imposed as a consequence of default, such as liability for expenses reasonably incurred in attempts by the Secretary or institutions to collect on a loan; (8) a statement of the total cumulative balance, including the loan applied for, owed by the student to that lender, and an estimate of the projected monthly payment, given such cumulative balance; (9) an explanation of any special options the bor
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1087cc–1
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Federal law — U.S. Code and appendices · legal_authorities
Page 1720 TITLE 10—ARMED FORCES [§ 2172 2011—Subsecs. (g), (h). Pub. L. 111–383 added subsecs. (g) and (h). 2006—Subsec. (a)(1)(D). Pub. L. 109–163, § 537(a), added subpar. (D). Subsec. (a)(2). Pub. L. 109–163, § 537(b), substituted ‘‘a member in an officer program or military specialty’’ for ‘‘an enlisted member in a military specialty’’. 1996—Subsec. (a)(1). Pub. L. 104–106 struck out ‘‘or’’ at end of subpar. (A), added subpar. (B), and redesignated former subpar. (B) as (C). 1994—Pub. L. 103–337, § 1663(e)(6), substituted ‘‘Edu- cation loan repayment program: enlisted members on active duty in specified military specialties’’ for ‘‘Gen- eral educational loan repayment program’’ as section catchline. Subsec. (a)(1)(B). Pub. L. 103–337, § 1663(e)(1), struck out ‘‘or’’ after ‘‘(B)’’. Subsec. (a)(2). Pub. L. 103–337, § 1663(e)(2), substituted ‘‘case of any person for— ‘‘(A) service performed— ‘‘(i) as an enlisted member of the Selected Re- serve of the Ready Reserve of an armed force; and ‘‘(ii) in a reserve component and military spe- cialty specified by the Secretary of Defense; or ‘‘(B) service performed’’ and struck out at end ‘‘In the case of service described in clause (A) of the first sentence of this paragraph, the Secretary may repay a loan described in paragraph (1) only if the person to whom the loan was made per- formed such service after the loan was made.’’ Subsec. (b). Pub. L. 103–337, § 1663(e)(3), amended sub- sec. (b) generally. Prior to amendment, subsec. (b) read as follows: ‘‘The portion or amount of a loan that may be repaid under subsection (a) is— ‘‘(1) 15 percent or $500, whichever is greater, for each year of service, in the case of service described in subsection (a)(2)(A); or ‘‘(2) 331⁄3 percent or $1,500, whichever i
Source: Supplied 2024 U.S. Code historical extraction · 10 U.S.C. § 2172
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