Arkansas Legal Resource Navigator

42 U.S.C. § 292q — Agreements for operation of school loan funds

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292q — Agreements for operation of school loan funds

**(a) Fund agreements** The Secretary is authorized to enter into an agreement for the establishment and operation of a student loan fund in accordance with this subpart with any public or other nonprofit school of medicine, osteopathic medicine, dentistry, pharmacy, podiatric medicine, optometry, or veterinary medicine. **(b) Requirements** Each agreement entered into under this section shall— (1) provide for establishment of a student loan fund by the school; (2) provide for deposit in the fund of— (A) the Federal capital contributions to the fund; (B) an amount equal to not less than one-ninth of such Federal capital contributions, contributed by such institution; (C) collections of principal and interest on loans made from the fund; (D) collections pursuant to [section 292r(j) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292r/j&num=0&edition=prelim); and (E) any other earnings of the fund; (3) provide that the fund shall be used only for loans to students of the school in accordance with the agreement and for costs of collection of such loans and interest thereon; (4) provide that loans may be made from such funds only to students pursuing a full-time course of study at the school leading to a degree of doctor of medicine, doctor of dentistry or an equivalent degree, doctor of osteopathy, bachelor of science in pharmacy or an equivalent degree, doctor of pharmacy or an equivalent degree, doctor of podiatric medicine or an equivalent degree, doctor of optometry or an equivalent degree, or doctor of veterinary medicine or an equivalent degree; (5) provide that the school shall advise, in writing, each applicant for a loan from the student loan fund of the provisions of [section 292r of this title](http

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292q

Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.

Original supplied file — preserved unchanged

Download original Markdown file

File SHA-256: 2a4bb0a8dd2054ab48a5ac52bb02687583f4be18be81f406c1a539697a46756c. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.

Authority boundary: historical or unconfirmed source not current law verified.

Open the recorded source website ↗

Record provenance

Stable record: federal_law:legal_authorities:record_usc_dc6418406ecc3476690e473c
Source file: Laws/federal/codes/united-states-code/title-42/section-292q-agreements-for-operation-of-school-loan-funds--d34e5c6d93.md
Pages: Not recorded – Not recorded
Passage SHA-256: 04173bb7e3a71eb52c92f8480d5572223f8ebaa1281695d3641e5d171fb7efa4

Source location: Title 42, Chapter 6A, § 292q; chapter-6a-public-health-service.md

Stored source content

**(a) Fund agreements** The Secretary is authorized to enter into an agreement for the establishment and operation of a student loan fund in accordance with this subpart with any public or other nonprofit school of medicine, osteopathic medicine, dentistry, pharmacy, podiatric medicine, optometry, or veterinary medicine. **(b) Requirements** Each agreement entered into under this section shall— (1) provide for establishment of a student loan fund by the school; (2) provide for deposit in the fund of— (A) the Federal capital contributions to the fund; (B) an amount equal to not less than one-ninth of such Federal capital contributions, contributed by such institution; (C) collections of principal and interest on loans made from the fund; (D) collections pursuant to [section 292r(j) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292r/j&num=0&edition=prelim); and (E) any other earnings of the fund; (3) provide that the fund shall be used only for loans to students of the school in accordance with the agreement and for costs of collection of such loans and interest thereon; (4) provide that loans may be made from such funds only to students pursuing a full-time course of study at the school leading to a degree of doctor of medicine, doctor of dentistry or an equivalent degree, doctor of osteopathy, bachelor of science in pharmacy or an equivalent degree, doctor of pharmacy or an equivalent degree, doctor of podiatric medicine or an equivalent degree, doctor of optometry or an equivalent degree, or doctor of veterinary medicine or an equivalent degree; (5) provide that the school shall advise, in writing, each applicant for a loan from the student loan fund of the provisions of [section 292r of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292r&num=0&edition=prelim) under which outstanding loans from the student loan fund may be paid (in whole or in part) by the Secretary; and (6) contain such other provisions as are necessary to protect the financial interests of the United States. **(c) Failure of school to collect loans** (1) **In general** — Any standard established by the Secretary by regulation for the collection by schools of medicine, osteopathic medicine, dentistry, pharmacy, podiatric medicine, optometry, or veterinary medicine of loans made pursuant to loan agreements under this subpart shall provide that the failure of any such school to collect such loans shall be measured in accordance with this subsection. This subsection may not be construed to require such schools to reimburse the student loan fund under this subpart for loans that became uncollectible prior to August 1985 or to penalize such schools with respect to such loans. (2) **Extent of failure** — The measurement of a school’s failure to collect loans made under this subpart shall be the ratio (stated as a percentage) that the defaulted principal amount outstanding of such school bears to the matured loans of such school. (3) **Definitions** — For purposes of this subsection: (A) The term “default” means the failure of a borrower of a loan made under this subpart to— (i) make an installment payment when due; or (ii) comply with any other term of the promissory note for such loan, except that a loan made under this subpart shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contracts with the borrower that the borrower intends to repay the loan. (B) The term “defaulted principal amount outstanding” means the total amount borrowed from the loan fund of a school that has reached the repayment stage (minus any principal amount repaid or canceled) on loans— (i) repayable monthly and in default for at least 120 days; and (ii) repayable less frequently than monthly and in default for at least 180 days; (C) The term “grace period” means the period of one year beginning on the date on which the borrower ceases to pursue a full-time course of study at a school of medicine, osteopathic medicine, dentistry, pharmacy, podiatric medicine, optometry, or veterinary medicine; and (D) The term “matured loans” means the total principal amount of all loans made by a school under this subpart minus the total principal amount of loans made by such school to students who are— (i) enrolled in a full-time course of study at such school; or (ii) in their grace period.

Cross-references

Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 293a — Scholarships for disadvantaged students

**(a) In general** The Secretary may make a grant to an eligible entity (as defined in subsection (d)(1)) under this section for the awarding of scholarships by schools to any full-time student who is an eligible individual as defined in subsection (d). Such scholarships may be expended only for tuition expenses, other reasonable educational expenses, and reasonable living expenses incurred in the attendance of such school. **(b) Preference in providing scholarships** The Secretary may not make a grant to an entity under subsection (a) unless the health professions and nursing schools involved agree that, in providing scholarships pursuant to the grant, the schools will give preference to students for whom the costs of attending the schools would constitute a severe financial hardship and, notwithstanding other provisions of this section, to former recipients of scholarships under sections 293 and 293d(d)(2)(B) of this title (as such sections existed on the day before November 13, 1998). **(c) Amount of award** In awarding grants to eligible entities that are health professions and nursing schools, the Secretary shall give priority to eligible entities based on the proportion of graduating students going into primary care, the proportion of underrepresented minority students, and the proportion of graduates working in medically underserved communities. **(d) Definitions** In this section: (1) **Eligible entities** — The term “eligible entities” means an entity that— (A) is a school of medicine, osteopathic medicine, dentistry, nursing (as defined in [section 296 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section296&num=0&edition=prelim)), pharmacy, podiatric medicine, optometry, veterinary medicine, public health, chiropra

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 293a

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292r — Loan provisions

**(a) Amount of loan** (1) **In general** — Loans from a student loan fund (established under an agreement with a school under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim)) may not, subject to paragraph (2), exceed for any student for a school year (or its equivalent) the cost of attendance (including tuition, other reasonable educational expenses, and reasonable living costs) for that year at the educational institution attended by the student (as determined by such educational institution). (2) **Third and fourth years of medical school** — For purposes of paragraph (1), the amount of the loan may, in the case of the third or fourth year of a student at a school of medicine or osteopathic medicine, be increased to the extent necessary to pay the balances of loans that, from sources other than the student loan fund under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim), were made to the individual for attendance at the school. The authority to make such an increase is subject to the school and the student agreeing that such amount (as increased) will be expended to pay such balances. **(b) Terms and conditions** Subject to [section 292s of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292s&num=0&edition=prelim), any such loans shall be made on such terms and conditions as the school may determine, but may be made only to a student who is in need of the amount thereof to pursue a full-time course of study at the school leading to a degree of doctor of medicine, doctor of dentistry or an equivalent degree, doctor of osteopathy, bachelor of science in pharmacy

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292r

Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

20 U.S.C. § 1078–3 — Federal consolidation loans

**(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

Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292s — Medical schools and primary health care

**(a) Requirements for students** (1) **In general** — Subject to the provisions of this subsection, in the case of student loan funds established under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim) by schools of medicine or osteopathic medicine, each agreement entered into under such section with such a school shall provide (in addition to the provisions required in subsection (b) of such section) that the school will make a loan from such fund to a student only if the student agrees— (A) to enter and complete a residency training program in primary health care not later than 4 years after the date on which the student graduates from such school; and (B) to practice in such care for 10 years (including residency training in primary health care) or through the date on which the loan is repaid in full, whichever occurs first. (2) **Inapplicability to certain students** (A) The requirement established in paragraph (1) regarding the student loan fund of a school does not apply to a student if— (i) the first loan to the student from such fund is made before July 1, 1993; or (ii) the loan is made from— (I) a Federal capital contribution under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim) that is made from amounts appropriated under section 292t(f) 11 See References in Text note below. of this title (in this section referred to as an “exempt Federal capital contribution”); or (II) a school contribution made under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim) pursuant to such a Federal cap

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292s

Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292t — Individuals from disadvantaged backgrounds

**(a) Fund agreements regarding certain amounts** With respect to amounts appropriated under subsection (f), each agreement entered into under [section 292q of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section292q&num=0&edition=prelim) with a school shall provide (in addition to the provisions required in subsection (b) of such section) that— (1) any Federal capital contribution made to the student loan fund of the school from such amounts, together with the school contribution appropriate under subsection (b)(2)(B) of such section to the amount of the Federal capital contribution, will be utilized only for the purpose of— (A) making loans to individuals from disadvantaged backgrounds; and (B) the costs of the collection of the loans and interest on the loans; and (2) collections of principal and interest on loans made pursuant to paragraph (1), and any other earnings of the student loan fund attributable to amounts that are in the fund pursuant to such paragraph, will be utilized only for the purpose described in such paragraph. **(b) Minimum qualifications for schools** The Secretary may not make a Federal capital contribution for purposes of subsection (a) for a fiscal year unless the health professions school involved— (1) is carrying out a program for recruiting and retaining students from disadvantaged backgrounds, including racial and ethnic minorities; and (2) is carrying out a program for recruiting and retaining minority faculty. **(c) Certain agreements regarding education of students; date certain for compliance** The Secretary may not make a Federal capital contribution for purposes of subsection (a) for a fiscal year unless the health professions school involved agrees— (1) to ensure that adequate instruc

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292t

Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292y — General provisions

**(a) Date certain for applications** The Secretary shall from time to time set dates by which schools must file applications for Federal capital contributions. **(b) Contingent reduction in allotments** If the total of the amounts requested for any fiscal year in such applications exceeds the amounts appropriated under this section for that fiscal year, the allotment to the loan fund of each such school shall be reduced to whichever of the following is the smaller: (A) the amount requested in its application; or (B) an amount which bears the same ratio to the amounts appropriated as the number of students estimated by the Secretary to be enrolled in such school during such fiscal year bears to the estimated total number of students in all such schools during such year. Amounts remaining after allotment under the preceding sentence shall be reallotted in accordance with clause (B) of such sentence among schools whose applications requested more than the amounts so allotted to their loan funds, but with such adjustments as may be necessary to prevent the total allotted to any such school’s loan fund from exceeding the total so requested by it. **(c) Allotment of excess funds** Funds available in any fiscal year for payment to schools under this subpart which are in excess of the amount appropriated pursuant to this section for that year shall be allotted among schools in such manner as the Secretary determines will best carry out the purposes of this subpart. **(d) Payment of installments to schools** Allotments to a loan fund of a school shall be paid to it from time to time in such installments as the Secretary determines will not result in unnecessary accumulations in the loan fund at such school. **(e) Disposition of funds returned to Secretary** (1) **Expenditu

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 292y

Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 294k — Training demonstration program

**(a) In general** The Secretary shall establish a training demonstration program to award grants to eligible entities to support— (1) training for medical residents and fellows to practice psychiatry and addiction medicine in underserved, community-based settings that integrate primary care with mental health and substance use disorder prevention and treatment services; (2) training (including for individuals completing clinical training requirements for licensure) for nurse practitioners, physician assistants, health service psychologists, counselors, nurses, and social workers to provide mental health and substance use disorder services in underserved community-based settings that integrate primary care and mental health and substance use disorder services, including such settings that serve pediatric populations; and (3) establishing, maintaining, or improving academic units or programs that— (A) provide training for students or faculty, including through clinical experiences and research, to improve the ability to be able to recognize, diagnose, and treat mental health and substance use disorders, with a special focus on addiction or pediatric populations; or (B) develop evidence-based practices or recommendations for the design of the units or programs described in subparagraph (A), including curriculum content standards. **(b) Activities** (1) **Training for residents and fellows** — A recipient of a grant under subsection (a)(1)— (A) shall use the grant funds— (i) (I) to plan, develop, and operate a training program for medical psychiatry residents and fellows in addiction medicine practicing in eligible entities described in subsection (c)(1); or (II) to train new psychiatric residents and fellows in addiction medicine to provid

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 294k

Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.

Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 292q — Agreements for operation of school loan

Page 1003 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 292q tution, an eligible lender, or a holder, as the case may be. (D) For purposes of subparagraph (A), a loan is made with respect to an eligible entity if— (i) in the case of an eligible institution, the loan was made to students of the institu- tion; (ii) in the case of an eligible lender, the loan was made by the lender; and (iii) in the case of a holder, the loan was purchased by the holder. (6) The term ‘‘Secretary’’ means the Sec- retary of Education. (July 1, 1944, ch. 373, title VII, § 719, as added Pub. L. 102–408, title I, § 102, Oct. 13, 1992, 106 Stat. 2009; amended Pub. L. 105–392, title I, § 141(c)(2), Nov. 13, 1998, 112 Stat. 3579; Pub. L. 113–76, div. H, title V, § 525(e), Jan. 17, 2014, 128 Stat. 413.) Editorial Notes AMENDMENTS 2014—Par. (6). Pub. L. 113–76 added par. (6). 1998—Par. (1). Pub. L. 105–392 substituted ‘‘or behav- ioral and mental health practice, including clinical psychology’’ for ‘‘or clinical psychology’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2014 AMENDMENT Pub. L. 113–76, div. H, title V, § 525(e), Jan. 17, 2014, 128 Stat. 413, provided in part that the amendment made by section 525(e) is effective as of the date on which the transfer of the HEAL program under subsec. (a) of sec- tion 525 of Pub. L. 113–76, set out as a note under sec- tion 292 of this title, takes effect [no later than the end of the first fiscal quarter that begins after Jan. 17, 2014]. § 292p. Authorization of appropriations (a) In general For fiscal year 1993 and subsequent fiscal years, there are authorized to be appropriated such sums as may be necessary for the adequacy of the student loan insurance account under this subpart and for the purpose of adminis

Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 292q

Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.