Federal Family Education Loan Program | Midpage

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United States Code

Part B

Federal Family Education Loan Program

1071Statement of purpose; nondiscrimination; and appropriations authorized 1072Advances for reserve funds of State and nonprofit private loan insurance programs 1072aFederal Student Loan Reserve Fund 1072bAgency Operating Fund 1073Effects of adequate non-Federal programs 1074Scope and duration of Federal loan insurance program 1075Limitations on individual federally insured loans and on Federal loan insurance 1076Sources of funds 1077Eligibility of student borrowers and terms of federally insured student loans 1077aApplicable interest rates 1078Federal payments to reduce student interest costs 1078–1Voluntary flexible agreements with guaranty agencies 1078–2Federal PLUS loans 1078–3Federal consolidation loans 1078–4Commingling of funds 1078–6Default reduction program 1078–7Requirements for disbursement of student loans 1078–8Unsubsidized Stafford loans for middle-income borrowers 1078–10Loan forgiveness for teachers 1078–11Loan forgiveness for service in areas of national need 1078–12Loan repayment for civil legal assistance attorneys 1079Certificate of Federal loan insurance—effective date of insurance 1080Default of student under Federal loan insurance program 1080aReports to consumer reporting agencies and institutions of higher education 1081Insurance fund 1082Legal powers and responsibilities 1083Student loan information by eligible lenders 1083aConsumer education information 1084Participation by Federal credit unions in Federal, State, and private student loan insurance programs 1085Definitions for student loan insurance program 1086Delegation of functions 1087Repayment by Secretary of loans of bankrupt, deceased, or disabled borrowers; treatment of borrowers attending schools that fail to provide a refund, attending closed schools, or falsely certified as eligible to borrow 1087–1Special allowances 1087–2Student Loan Marketing Association 1087–3Reorganization of Student Loan Marketing Association through formation of Holding Company 1087–4Discrimination in secondary markets prohibited