Page:United States Statutes at Large Volume 107 Part 3.djvu/529

This page needs to be proofread.


PUBLIC LAW 103-208—DEC. 20, 1993 107 STAT. 2467 but has not successfully completed the remainder of a program of undergraduate education— "(i) $5,000; or "(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;"; (43) in section 428H(e)(l>— 20 USC 1078-8. (A) by striking "shall commence 6 months after the month in which the student ceases to carry at least onehalf the normal full-time workload as determined by the institution." and inserting "shall begin at the beginning of the repa3ment period described in section 428(b)(7)."; (B) by adding at the end thereof the following new sentence: "Not less than 30 days prior to the anticipated commencement of such repayment period, the holder of such loan shall provide notice to the borrower that interest will accrue before repayment begins and of the borrower's option to begin loan repayment at an earlier date."; (44) in section 428H(e)(4), by striking "427A(e)" and inserting "427A"; (45) in section 428H, by redesignating subsection (1) as subsection (h); (46) in section 4281(g), by striking "the Federal False 20 USC 1078-9. Claims Act" and inserting "section 3729 of title 31, United States Code,"; (47) in section 428J(b)(l), by striking "sections 428A, 428B, 20 USC 1078-10. or 428C" and inserting "section 428A, 428B, or 428C"; (48) in section 428J(b)(l)(B), by striking "agrees in writing to volunteer for service" and inserting "serves as a full-time volunteer"; (49) in section 428J(c)(l), by striking "academic year" each place it appears and inserting "year of service"; (50) in the heading for section 428J(d), by striking "OF ELIGIBILITY" and inserting "TO ELIGIBLE"; (51) in section 428J, by amending subsection (e) to read as follows: " (e) APPLICATION FOR REPAYMENT. — "(1) IN GENERAL.— Each eligible individual desiring loan repayment under this section shall submit a complete and accurate application to the Secretary at such time, in such manner, and containing such information as the Secretary may reasonably require. Loan repayment under this section shall be on a first-come, first-served basis and subject to the availability of appropriations. " (2) CONDITIONS. — An eligible individual may apply for repayment after completing each year of qualifying service. The borrower shall receive forbearance while engaged in qualifying service unless the borrower is in deferment while so engaged."; (52) in section 430A(f)(l), by striking the comma at the 20 USC 1080a. end and inserting a semicolon;