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42 U.S.C. § 292 — Statement of purpose
Federal law — U.S. Code and appendices · legal_authorities
The purpose of this subpart is to enable the Secretary to provide a Federal program of student loan insurance for students in (and certain former students of) eligible institutions (as defined in section 292o of this title).
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Source file: Laws/federal/codes/united-states-code/title-42/section-292-statement-of-purpose--83c6fad2fa.md
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Source location: Title 42, Chapter 6A, § 292; chapter-6a-public-health-service.md
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The purpose of this subpart is to enable the Secretary to provide a Federal program of student loan insurance for students in (and certain former students of) eligible institutions (as defined in section 292o of this title).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purpose; discrimination prohibited**
(1) **Purpose** — The purpose of this part is to enable the Secretary—
(A) to encourage States and nonprofit private institutions and organizations to establish adequate loan insurance programs for students in eligible institutions (as defined in [section 1085 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1085&num=0&edition=prelim)),
(B) to provide a Federal program of student loan insurance for students or lenders who do not have reasonable access to a State or private nonprofit program of student loan insurance covered by an agreement under [section 1078(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078/b&num=0&edition=prelim),
(C) to pay a portion of the interest on loans to qualified students which are insured under this part, and
(D) to guarantee a portion of each loan insured under a program of a State or of a nonprofit private institution or organization which meets the requirements of [section 1078(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078/a/1/B&num=0&edition=prelim).
(2) **Discrimination by creditors prohibited** — No agency, organization, institution, bank, credit union, corporation, or other lender who regularly extends, renews, or continues credit or provides insurance under this part shall exclude from receipt or deny the benefits of, or discriminate against any borrower or applicant in obtaining, such credit or insurance on the basis of race, national origin, religion, sex, marital status, age, or handicapped status.
**(b) Authorization of appropriations** For the purpose of carrying out this part—
(1) there are authorized to be appropriated to
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1071
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authority** With respect to a loan made under this subpart on or after January 1, 1993, the Secretary, in accordance with subsection (b), shall assess a risk-based premium on an eligible borrower and, if required under this section, an eligible institution that is based on the default rate of the eligible institution involved (as defined in section 292o of this title).
**(b) Assessment of premium** Except as provided in subsection (d)(2), the risk-based premium to be assessed under subsection (a) shall be as follows:
(1) **Low-risk rate** — With respect to an eligible borrower seeking to obtain a loan for attendance at an eligible institution that has a default rate of not to exceed five percent, such borrower shall be assessed a risk-based premium in an amount equal to 6 percent of the principal amount of the loan.
(2) **Medium-risk rate**
(A) *In general* — With respect to an eligible borrower seeking to obtain a loan for attendance at an eligible institution that has a default rate of in excess of five percent but not to exceed 10 percent—
(i) such borrower shall be assessed a risk-based premium in an amount equal to 8 percent of the principal amount of the loan; and
(ii) such institution shall be assessed a risk-based premium in an amount equal to 5 percent of the principal amount of the loan.
(B) *Default management plan* — An institution of the type described in subparagraph (A) shall prepare and submit to the Secretary for approval, an annual default management plan, that shall specify the detailed short-term and long-term procedures that such institution will have in place to minimize defaults on loans to borrowers under this subpart. Under such plan the institution shall, among other measures, provide an exit interview to all borrowers
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292g
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The total principal amount of new loans made and installments paid pursuant to lines of credit (as defined in section 292o of this title) to borrowers covered by Federal loan insurance under this subpart shall not exceed $350,000,000 for fiscal year 1993, $375,000,000 for fiscal year 1994, and $425,000,000 for fiscal year 1995. If the total amount of new loans made and installments paid pursuant to lines of credit in any fiscal year is less than the ceiling established for such year, the difference between the loans made and installments paid and the ceiling shall be carried over to the next fiscal year and added to the ceiling applicable to that fiscal year, and if in any fiscal year no ceiling has been established, any difference carried over shall constitute the ceiling for making new loans (including loans to new borrowers) and paying installments for such fiscal year. Thereafter, Federal loan insurance pursuant to this subpart may be granted only for loans made (or for loan installments paid pursuant to lines of credit) to enable students, who have obtained prior loans insured under this subpart, to continue or complete their educational program or to obtain a loan under [section 292d(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292d/a/1/B&num=0&edition=prelim) to pay interest on such prior loans; but no insurance may be granted for any loan made or installment paid after September 30, 1998. The total principal amount of Federal loan insurance available under this subsection shall be granted by the Secretary without regard to any apportionment for the purpose of chapter 15 of title 31 and without regard to any similar limitation.
**(b) Certain limitations and priorities**
(1) **Limitations
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292a
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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) Purpose** The purpose of this section is to assist the provision of urgently needed hospitals for the care and treatment of persons who are acutely ill or who otherwise require medical care and related services of the kind customarily furnished only (or most effectively) by hospitals. Such assistance shall be provided regardless of the amount of public financial or other support a hospital may receive, and the Secretary shall neither require additional security or collateral to guarantee such support, nor impose more stringent eligibility or other requirements on publicly owned or supported hospitals.
**(b) Definitions** For the purposes of this section—
(1) the term “hospital” means a facility—
(A) which provides community service for inpatient medical care of the sick or injured (including obstetrical care);
(B) not more than 50 per centum of the total patient days of which during any year are customarily assignable to the categories of chronic convalescent and rest, drug and alcoholic, epileptic, mentally deficient, mental, nervous and mental, and tuberculosis, unless the facility is a critical access hospital (as that term is defined in section 1861(mm)(1) of the Social Security Act ([42 U.S.C. 1395x(mm)(1)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1395x/mm/1&num=0&edition=prelim))); and
(C) which is a public facility, proprietary facility, or facility of a private nonprofit corporation or association, licensed or regulated by the State (or, if there is no State law providing for such licensing or regulation by the State, by the municipality or other political subdivision in which the facility is located); and
(2) the terms “mortgage” and “mortgagor” shall have the meanings respectfully set forth in [section 1713(
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1735f–8
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **Departure date** — The term “departure date” means the earlier of—
(A) the date on which the term of a departing Senator or Vice President ends; or
(B) the date on which the departing Senator or Vice President will retire or resign.
(2) **Departing Senator or Vice President** — The term “departing Senator or Vice President” means a Senator or Vice President who will not serve in the next term due to retirement, resignation, a decision to not seek reelection, or a failure to secure reelection.
(3) **Eligible employee** — The term “eligible employee” means an individual, except as provided under subsection (b)(3)—
(A) who is an employee of the Senate; and
(B) whose rate of pay as an employee of the Senate, on the date on which such eligibility is determined, does not exceed the rate of basic pay payable for a position at level IV of the Executive Schedule under [section 5315 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5315&num=0&edition=prelim).
(4) **Employee of the Senate** — The term “employee of the Senate”—
(A) has the meaning given the term under [section 1301 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1301&num=0&edition=prelim); and
(B) includes any employee of the Office of Congressional Accessibility Services whose pay is disbursed by the Secretary of the Senate.
(5) **Employing office** — The term “employing office”—
(A) means the employing office, as defined under [section 1301 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section1301&num=0&edition=prelim), of an employee of the Senate; and
(B) includes the Office of Congressional Accessibility Services with respect
Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 4579
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Agreements with eligible lenders**
(1) **Agreement required for insurance coverage** — For the purpose of providing loans to eligible borrowers for consolidation of their obligations with respect to eligible student loans, the Secretary or a guaranty agency shall enter into agreements in accordance with subsection (b) with the following eligible lenders:
(A) the Student Loan Marketing Association or the Holding Company of the Student Loan Marketing Association, including any subsidiary of the Holding Company, created pursuant to [section 1087–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087-3&num=0&edition=prelim);
(B) State agencies described in subparagraphs (D) and (F) of [section 1085(d)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1085/d/1&num=0&edition=prelim); and
(C) other eligible lenders described in subparagraphs (A), (B), (C), (E), and (J) of such section.
(2) **Insurance coverage of consolidation loans** — Except as provided in [section 1079(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1079/e&num=0&edition=prelim), no contract of insurance under this part shall apply to a consolidation loan unless such loan is made under an agreement pursuant to this section and is covered by a certificate issued in accordance with subsection (b)(2). Loans covered by such a certificate that is issued by a guaranty agency shall be considered to be insured loans for the purposes of reimbursements under [section 1078(c) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078/c&num=0&edition=prelim), but no payment shall be made with respect to such loans under [section 1078(f)
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1078–3
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Eligibility for plan** Upon the request of the borrower, a lender described in subparagraph (A), (B), or (C) of [section 1078–3(a)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078–3/a/1&num=0&edition=prelim), or an eligible lender as defined in section 719 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)o) may, with respect to a consolidation loan made under [section 1078–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078-3&num=0&edition=prelim) (and section 1087–2(o) of this title as in effect prior to the enactment of [section 1078–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078-3&num=0&edition=prelim)) and loans guaranteed 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.), offer a combined payment plan under which the lender shall submit one bill to the borrower for the repayment of all such loans for the monthly or other similar period of repayment.
**(b) Applicability of other requirements** A lender offering a combined payment plan shall comply with all provisions of [section 1078–3 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078-3&num=0&edition=prelim) applicable to loans consolidated or to be consolidated and shall comply with all provisions of 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.) applic
Source: Supplied U.S. Code snapshot — release unconfirmed · 20 U.S.C. § 1092a
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Secretary and the Secretary of Health and Human Services shall, to the maximum extent practicable, coordinate the programs carried out under this chapter and the programs carried out under titles VII, VIII, and IX 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.).
**(b)** The Secretary may not enter into any agreement under subchapter I of this chapter after September 30, 1979.
**(c)** The Secretary, after consultation with the special medical advisory committee established pursuant to [section 7312(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section7312/a&num=0&edition=prelim), shall prescribe regulations covering the terms and conditions for entering into agreements and making grants under this chapter.
**(d)** Payments made pursuant to grants under this chapter may be made in installments, and either in advance or by way of reimbursement, with necessary adjustments on account of overpayments or underpayments, as the Secretary may determine.
**(e)** In carrying out the purposes of this chapter, the Secretary may lease to any eligible institution for such consideration and under such terms and conditions as the Secretary deems appropriate, such land, buildings, and structures (including equipment therein) under the control and jurisdiction of the Department as may be necessary. The three-year limitation on the term of a lease prescribed in [section 8122(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section8122/a&num=0&edition=prelim) shall not apply with respect to any lease entered into pursuant to this chapter, but no such lease may be for a period of more tha
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 8211
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Amounts in the Trust shall be available—
(1) to repay student loans in accordance with subsection (b);
(2) to pay all or part of the cost of attendance or other educational expenses at an institution of higher education in accordance with subsection (c);
(3) to pay expenses incurred in participating in an approved school-to-work program in accordance with subsection (d);
(4) to pay expenses incurred in enrolling in an educational institution or training establishment that is approved under chapter 36 of title 38, or other applicable provisions of law, for offering programs of education, apprenticeship, or on-job training for which educational assistance may be provided by the Secretary of Veterans Affairs; and
(5) to pay interest expenses in accordance with regulations prescribed pursuant to subsection (e).
**(b) Use of educational award to repay outstanding student loans**
(1) **Application by eligible individuals** — An eligible individual under [section 12602 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12602&num=0&edition=prelim) who desires to apply the national service educational award of the individual, an eligible individual under [section 12602(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12602/a&num=0&edition=prelim) who served in a summer of service program and desires to apply that individual’s summer of service educational award, or an eligible individual under [section 12602(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12602/a&num=0&edition=prelim) who served in a silver scholar program and desires to apply that individual’s silver scholar educational award, to the repayment of qualified
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12605
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