Page:United States Statutes at Large Volume 107 Part 3.djvu/527

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PUBLIC LAW 103-208—DEC. 20, 1993 107 STAT. 2465 "(I) is serving in a medical or dental internship or residency program, the successful completion of which is required to begin professional practice or service, or is serving in a medical or dental 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, provided that if the borrower quahfies for a deferment under section 427(a)(2)(C)(vii) or subsection (b)(l)(M)(vii) of this section as in effect prior to the enactment of the Higher Education Amendments of 1992, or section 427(a)(2)(C) or subsection (b)(l)(M) of this section as amended by such amendments, the borrower has exhausted his or her eligibility for such deferment; "(II) has a debt burden under this title that equals or exceeds 20 percent of income; or "(III) is serving in a national service position for which the borrower receives a national service educational award under the National and Community Service Trust Act of 1993; "(ii) the length of the forbearance granted by the lender— "(I) under clause (i)(I) shall equal the length of time remaining in the borrower's medical or dental internship or residency program, if the borrower is not eligible to receive a deferment described in such clause, or such length of time remaining in the program after the borrower has exhausted the borrower's eligibility for such deferment; " (II) under clause (i)(II) shall not exceed 3 years; or "(III) under clause (i)(III) shall not exceed the period for which the borrower is serving in a position described in such clause; and "(iii) no administrative or other fee may be charged in connection with the granting of a forbearance under clause (i), and no adverse information regarding a borrower may be reported to a credit bureau organization solely because of the granting of such forbearance;"; (27) in section 428(e)(2)(A)— 20 USC 1078. (A) by striking "(i)"; (B) by striking "(I)" and inserting "(i)"; and (C) by striking "(II)" and inserting "(ii)"; (28) in section 428(j)(2), in the matter preceding subparagraph (A), by striking "lender of last resort" and inserting

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(29) in section 428A(b)(l), by striking subparagraph (B) 20 USC 1078-1. and inse^-ting the following: "(B) In the case of a student at an eligible institution who has successfully completed such first and second years but has not successfully completed the remainder of a program of undergraduate education— "(i) $5,000; or