Page:United States Statutes at Large Volume 107 Part 3.djvu/528

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107 STAT. 2466 PUBLIC LAW 103-208—DEC. 20, 1993 "(ii) if such student is enrolled in a program of undergraduate education, the remainder of which is less than one academic year, the maximum annual loan amount that such student may receive may not exceed the amount that bears the same ratio to the amount specified in subclause (I) as such remainder measured in semester, trimester, quarter, or clock hours bears to one academic year."; 20 USC 1078-1. (30) in section 428A(b)(l)— (A) by redesignating subparagraph (C) as subparagraph (D); and (B) by inserting after subparagraph (B) the following new subparagraph: "(C) For the purposes of this paragraph, the number of years that a student has completed in a program of undergraduate education shall include any prior enrollment in an eligible program of undergraduate education for which the student was awarded an associate or baccalaureate degree, if such degree is required by the institution for admission to the program in which the student is enrolled."; (31) in section 428A(b)(3)(B)(i), by striking "section 428" and inserting "sections 428 and 428H"; (32) in section 428A(c)(l), by striking "sections 427 or 428(b)" and inserting "section 427 or 428(b)"; 20 USC 1078-3. (33) in section 428C(a)(3)(A), by striking "delinquent or defaulted borrower who will reenter repayment through loan consolidation" and inserting "defaulted borrower who has made arrangements to repay the obligation on the defaulted loans satisfactory to the holders of the defaulted loans"; (34) in section 428C(a)(4)(A), by striking ", except for loans made to parent borrowers under section 428B as in effect prior to the enactment of the Higher Education Amendments of 1986"; (35) in section 428C(a)(4)(C), by striking "part C" and inserting "part A"; (36) in section 428C(c)(2)(A)(vi), by inserting a period after "30 years"; (37) in section 428C(c)(3)(A), by inserting "be an amount" before "equal to"; 20 USC 1078-6. (38) in section 428F(a)(2)— (A) by striking "this paragraph" and inserting "paragraph (1) of this subsection"; and (B) by striking "this section" and inserting "this subsection"; (39) in section 428F(a)(4), by striking "this paragraph" and inserting "paragraph (1) of this subsection"; (40) in section 428F(l3), by adding at the end thereof the following new sentence: "A borrower may only obtain the benefit of this subsection with respect to renewed eligibility once."; 20 USC 1078-7. (41) in section 428G(c)(3), by striking "disbursed" and inserting "disbursed by the lender"; 20 USC 1078-8. (42) in section 428H(d)(2), by amending subparagraph (B) to read as follows: "(B) in the case of a student at an eligible institution who has successfully completed such first and second years