§1087. Repayment 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 — Inbound Citations
20 U.S.C. § 1087
Cited by 13 provisions in release 119-102.
Citations to 20 U.S.C. § 1087 as a whole
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(2) there are authorized to be appropriated, for payments under section 1078 of this title with respect to interest on student loans and for payments under section 1087 of this title, such sums for the fiscal year ending June 30, 1966, and succeeding fiscal years, as may be required therefor,
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(B) with respect to a loan that the Secretary has repaid or discharged under section 1087 of this title;
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(1) to pay lender claims pursuant to sections 1078(b)(1)(G), 1078(j), and 1087 of this title; and
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(D) the original principal amount of loans repaid by the Secretary under section 1087 of this title.
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(E) provides that the lender will not collect or attempt to collect from the borrower any portion of the interest on the note which is payable by the Secretary under this part, and that the lender will enter into such agreements with the Secretary as may be necessary for the purpose of section 1087 of this title;
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(B) include such other provisions as may be necessary to protect the United States from the risk of unreasonable loss and promote the purpose of this part, including such provisions as may be necessary for the purpose of section 1087 of this title, and as are agreed to by the Secretary and the guaranty agency, as the case may be;
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(5) the date of cancellation of the note upon completion of repayment by the borrower of the loan or payment by the Secretary pursuant to section 1087 of this title.
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(11) the date of cancellation of the note upon completion of repayment by the borrower of the loan or payment by the Secretary pursuant to section 1087 of this title.
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(A) such institution submits to the Secretary third-party financial guarantees that the Secretary determines are reasonable, such as performance bonds or letters of credit payable to the Secretary, which third-party financial guarantees shall equal not less than one-half of the annual potential liabilities of such institution to the Secretary for funds under this subchapter, including loan obligations discharged pursuant to section 1087 of this title, and to students for refunds of institutional charges, including funds under this subchapter;
Citations to §1087(a)
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(3) In the case of any written or electronic application by an individual for a discharge of a loan under this subchapter based on total and permanent disability (within the meaning of section 1087(a) of this title) that requires income monitoring, the Secretary shall—(A) provide to such individual the notification described in paragraph (1)(A)(i)(I); and(B) require, as a condition of eligibility for such discharge, that such individual—(i) affirmatively approve the disclosure described in paragraph (1)(A)(i)(I) and agree that such approval shall serve as an ongoing approval of such disclosure until the earlier of—(I) the date on which the individual elects to opt out of such disclosure under section 1087(a)(3)(A) of this title; or(II) the first day on which such loan may no longer be reinstated; or(ii) provide such information as the Secretary may require to confirm the eligibility of such individual for such discharge.
Citations to §1087(a)(3)(A)
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(I) the date on which the individual elects to opt out of such disclosure under section 1087(a)(3)(A) of this title; or