PUBLIC LAW 100-50—JUNE 3, 1987
101 STAT. 349
(e) NOTICE OF DEFAULT.—Section 463(a)(4) is amended by striking out "given to the Secretary" and everything that follows through "semiannually" and inserting "given to the Secretary in an annual report describing the total number of loans from such fund which are in such default".
Reports. 20 USC 1087CC.
(f) CORRECTION OF REFERENCE.—Section 463(b) of the Act is
amended by striking out "section 485" and inserting "section 489". (g) ESTIMATES OF BALANCES.—Section 463A(a) of the Act is amended by striking out pargigraph (8) and inserting the following: "(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;". (h) DEFENSE EDUCATIONAL LOAN REPAYMENT.—Section 463A(a)(10) of the Act is amended by striking out "section 902 of the Department of Defense Authorization Act, 1981 (10 U.S.C. 2141, note)r and inserting "the Department of Defense educational loan repayment program (10 U.S.C. 2172);". (i) INTERNSHIP DEFERMENT.—Section 464(c)(2)(A)(vi) is amended by
inserting before the semicolon at the end thereof the following: "or serving in an internship or residency program leading to a degree or certificate awarded by an institution of higher education, a hospital, or a health care facility that offers postgraduate training".
20 USC 1087CC-1.
20 USC 1087dd. Schools and colleges. Health care facilities.
(j) REFERENCE TO OTHER PROGRAMS.—Section 465(a)(2) of the Act is
20 USC lOSTee.
amended— (1) in subparagraph (A) by striking out "title I of the Elementary and Secondary Education Act of 1965" and inserting "chapter 1 of the Education Consolidation and Improvement
- Act of 1981";
(2) in subparagraph (A), by striking out "such title I" and ' inserting "such chapter 1"; and (3) in subparagraph (B), by striking out "section 222(a)(1) of the Economic Opportunity Act of 1964 and inserting "the Head Start Act".
20 USC 3801 et seq.
SEC. 14. NEEDS ANALYSIS.
42 USC 9801 note.
- Part F of title IV of the Act is amended—
(1) in sections 475(c)(2), 475(c)(4), 475(d)(2), 476(b)(2), 476(c)(2), 477(b)(2), 477(c)(2), and 477(d), striking out "section 479" and 20 USC inserting "section 478"; 1087oo-1087qq. (2) in sections 475(c)(7) and 477(b)(7), by striking out "National"; (3) in sections 475(d)(2), 476(c)(2), and 477(c)(2), strike out "dislocated homemaker" and insert "displaced homemaker"; (4) by striking out the table contained in sections 475(d)(2)(C), 476(c)(2)(C), and 477(c)(2)(C) and inserting the following: "Adjusted Net Worth of a Business or Farm If the net worth of a business or farm is— Less than $1 $l-$60,000 $60,001-$180,000
Then the adjusted net worth is: $0 40 percent of NW $24,000 plus 50 percent of NW over $60,000
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