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20 U.S.C. § 1087hh — General authority of Secretary
Federal law — U.S. Code and appendices · legal_authorities
In carrying out the provisions of this part, the Secretary is authorized—
(1) to consent to modification, with respect to rate of interest, time of payment of any installment of principal and interest or any portion thereof, or any other provision of any note evidencing a loan which has been made under this part;
(2) to enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption;
(3) to conduct litigation in accordance with the provisions of [section 1082(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1082/a/2&num=0&edition=prelim); and
(4) to enter into a contract or other arrangement with State or nonprofit agencies and, on a competitive basis, with collection agencies for servicing and collection of loans under this part.
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Source file: Laws/federal/codes/united-states-code/title-20/section-1087hh-general-authority-of-secretary--ea220dccd2.md
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Source location: Title 20, Chapter 28, § 1087hh; chapter-028-higher-education-resources-and-student-assistance.md
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In carrying out the provisions of this part, the Secretary is authorized—
(1) to consent to modification, with respect to rate of interest, time of payment of any installment of principal and interest or any portion thereof, or any other provision of any note evidencing a loan which has been made under this part;
(2) to enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption;
(3) to conduct litigation in accordance with the provisions of [section 1082(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1082/a/2&num=0&edition=prelim); and
(4) to enter into a contract or other arrangement with State or nonprofit agencies and, on a competitive basis, with collection agencies for servicing and collection of loans under this part.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Cancellation of percentage of debt based on years of qualifying service**
(1) The percent specified in paragraph (3) of this subsection of the total amount of any loan made after June 30, 1972, from a student loan fund assisted under this part shall be canceled for each complete year of service after such date by the borrower under circumstances described in paragraph (2).
(2) Loans shall be canceled under paragraph (1) for service—
(A) as a full-time teacher for service in an academic year (including such a teacher employed by an educational service agency)—
(i) in a public or other nonprofit private elementary school or secondary school, which, for the purpose of this paragraph and for that year—
(I) has been determined by the Secretary (pursuant to regulations of the Secretary and after consultation with the State educational agency of the State in which the school is located) to be a school in which the number of children meeting a measure of poverty under section 1113(a)(5) of the Elementary and Secondary Education Act of 1965 [[20 U.S.C. 6313(a)(5)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section6313/a/5&num=0&edition=prelim)], exceeds 30 percent of the total number of children enrolled in such school; and
(II) is in the school district of a local educational agency which is eligible in such year for assistance pursuant to part A of title I of the Elementary and Secondary Education Act of 1965 [[20 U.S.C. 6311](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section6311&num=0&edition=prelim) et seq.]; or
(ii) in one or more public, or nonprofit private, elementary schools or secondary schools or locations operated by an educational service agency that have been determined by the S
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Federal law — U.S. Code and appendices · legal_authorities
Page 602
TITLE 20—EDUCATION
§ 1087hh
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2009 AMENDMENT
Amendment by Pub. L. 111–39 effective as if enacted
on the date of enactment of Pub. L. 110–315 (Aug. 14,
2008), see section 3 of Pub. L. 111–39, set out as a note
under section 1001 of this title.
EFFECTIVE DATE OF 1998 AMENDMENT
Amendment by Pub. L. 105–244 effective Oct. 1, 1998,
except as otherwise provided in Pub. L. 105–244, see sec-
tion 3 of Pub. L. 105–244, set out as a note under section
1001 of this title.
EFFECTIVE DATE OF 1992 AMENDMENT
Amendment by Pub. L. 102–325 to this section, relat-
ing to creation of Perkins Loan Revolving Fund, effec-
tive Sept. 15, 1997, see section 468(4) of Pub. L. 102–325,
set out as a note under section 1087dd of this title.
TRANSFER OF BALANCE
Pub. L. 105–244, title IV, § 467(b), Oct. 7, 1998, 112 Stat.
1728, provided that: ‘‘Any funds in the Perkins Loan Re-
volving Fund on the date of enactment of this Act [Oct.
7, 1998] shall be transferred to and deposited in the
Treasury.’’
§ 1087hh. General authority of Secretary
In carrying out the provisions of this part, the
Secretary is authorized—
(1) to consent to modification, with respect
to rate of interest, time of payment of any in-
stallment of principal and interest or any por-
tion thereof, or any other provision of any
note evidencing a loan which has been made
under this part;
(2) to enforce, pay, compromise, waive, or re-
lease any right, title, claim, lien, or demand,
however acquired, including any equity or any
right of redemption;
(3) to conduct litigation in accordance with
the provisions of section 1082(a)(2) of this title;
and
(4) to enter into a contract or other arrange-
ment with State or nonprofit agencies and, on
a comp
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