Page:United States Statutes at Large Volume 85.djvu/507

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[85 STAT. 477]
[85 STAT. 477]
PUBLIC LAW 92-000—MMMM. DD, 1971

85

STAT.]

PUBLIC LAW 92-1 5 8 - N O V. 18, 1971

477

subsection for such period; except that not more than 85 per centum of the principal of any such loan shall be paid pursuant to this paragraph. "(4) A borrower who fails to fulfill an agreement with the Secre- Reimbursement. tary entered into under paragraph (1) or assurances provided pursuant to paragraph (2)(C) shall be liable to reimburse the Secretary for any payments made pursuant to paragraph (2)(A) or paragraph (3) in consideration of such agreement. (i) Notwithstanding the amendment made by section 6(b) of the Nurse Training Act of 1971 to this section— ^"'^' P* '•^S. " (A) any person who obtained one or more loans from a loan fund established under this part, who before the date of the enactment of the Nurse Training Act of 1971 became eligible for cancellation of all or part of such loans (including accrued interest) under this section (as in effect on the day before such date), and who on such date was not engaged in a service for which loan cancellation was authorized under this section (as so in effect), may at any time elect to receive such cancellation in accordance with this subsection (as so in effect); and " (B) in the case of any person who obtained one or more loans from a loan fund established under this part and who on such date was engaged in a service for which cancellation of all or part of such loans (including accrued interest) was authorized under this section (as so in effect), this section (as so in effect) shall continue to apply to such person for purposes of providing such loan cancellation until he terminates such service. "Nothing in this subsection shall be construed to prevent any person from entering into an agreement for loan cancellation under subsection (h) (as amended by section 6(b)(2) of the Nurse Training Act of 1971)." (2) Part r> of title VIII of such Act is amended by adding after ^^^°f" ^°'^^' section 829 thereof the following new section: 82 Stat. 78 s. "SEC. 830. (a) Upon application by a person who received, and is '^^ "^^ ^'^'^^' under an obligation to repay, any loan made to such person as a nursing student, the Secretary may undertake to repay (without liability to the applicant) all or any part of such loan, and any interest or portion thereof outstanding thereon, upon his determination, pursuant to regulations establishing criteria therefor, that the applicant— "(1) failed to complete the nursing studies with respect to which such loan was made; " (2) is in exceptionally needy circumstances; "(3) is from a low-income or disadvantaged family as those terms may be defined by such regulations; and "(4) has not resumed, or cannot reasonably be expected to resume, such nursing studies within two years following the date upon which the applicant terminated the studies with respect to which such loan was made." (c) AUTHORIZATION LEVEL.—Section 824 (42 U.S.C. 297c) is Jl^ll^^;^^^^' 82 Stat. 784. amended (1) by striking out "and $21,000,000" and all that follows up to, and including, the word "education", and inserting in lieu of the matter stricken the following: "$21,000,000 for the fiscal year ending June 30, 1971, $25,000,000 for the fiscal year ending June 30, 1972, $30,000,000 for the fiscal year ending June 30, 1973, and $35,000,000 for the fiscal year ending June 30, 1974, and such sums for the fiscal year ending June 30, 1975, and each of the two succeeding fiscal years as may be necessary to enable students who have received a loan for any academic year ending before July 1, 1974, to continue or complete their education".