---
kind: "section"
citation: "34 C.F.R. § 674.32"
title: "34"
number: "674.32"
heading: "Special terms: loans to less than half-time student borrowers."
url: "https://uscodex.org/cfr/34/674.32"
---

# §674.32. Special terms: loans to less than half-time student borrowers.

- (a) The promissory note used with regard to loans to borrowers enrolled on a less than half-time basis must state that the repayment period begins—
  - (1) On the date of the next scheduled installment payment on any outstanding loan to the borrower; or
  - (2) If the borrower has no outstanding loan, at the earlier of—
    - (i) Nine months from the date the loan was made, or
    - (ii) The end of a nine-month period that includes the date the loan was made and began on the date the borrower ceased to be enrolled as at least a half-time regular student at an institution of higher education or comparable institution outside the U.S. approved for this purpose by the Secretary.
- (b) The note must otherwise conform to the provisions of [§ 674.31](/cfr/34/674.31.md).

## Notes

### Amendments

[52 FR 45754, Dec. 1, 1987, as amended at 57 FR 32345, July 21, 1992]

### Source

Source: 52 FR 45754, Dec. 1, 1987, unless otherwise noted.

### Authority

Authority: 20 U.S.C. 1071—1087ii; 1087dd(h)(1)(D).

### Amendments

[52 FR 45754, Dec. 1, 1987, as amended at 57 FR 32345, July 21, 1992]