---
kind: "section"
citation: "20 U.S.C. § 1087gg"
title: "20"
title_heading: "Education"
number: "1087gg"
heading: "Collection of defaulted loans: Perkins Loan Revolving Fund"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/20/1087gg"
units:
  - "Chapter 28 — Higher Education Resources and Student Assistance"
  - "Subchapter IV — Student Assistance"
  - "Part E — Federal Perkins Loans"
---

# §1087gg. Collection of defaulted loans: Perkins Loan Revolving Fund

- (a) **Authority of Secretary to collect referred, transferred, or assigned loans—** With respect to any [loan](/usc/20/1066a.md?p=2)—
  - (1) which was made under this part, and
  - (2) which is referred, transferred, or assigned to the [Secretary](/usc/20/1003.md?p=17) by an institution with an agreement under [section 1087cc(a) of this title](/usc/20/1087cc.md?p=a),

  the [Secretary](/usc/20/1003.md?p=17) is authorized to attempt to collect such [loan](/usc/20/1066a.md?p=2) by any means authorized by law for collecting claims of the United States (including referral to the Attorney General for litigation) and under such terms and conditions as the [Secretary](/usc/20/1003.md?p=17) may prescribe, including reimbursement for expenses reasonably incurred in attempting such collection.

- (b) **Collection of referred, transferred, or assigned loans—** The [Secretary](/usc/20/1003.md?p=17) shall continue to attempt to collect any [loan](/usc/20/1066a.md?p=2) referred, transferred, or assigned under paragraph (4) or (5) of [section 1087cc(a) of this title](/usc/20/1087cc.md?p=a) until all appropriate collection efforts, as determined by the [Secretary](/usc/20/1003.md?p=17), have been expended.

## Source credit

(Pub. L. 89–329, title IV, § 467, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1453; amended Pub. L. 102–325, title IV, § 467, July 23, 1992, 106 Stat. 584; Pub. L. 105–244, title IV, § 467(a), Oct. 7, 1998, 112 Stat. 1728; Pub. L. 111–39, title IV, § 405(6), July 1, 2009, 123 Stat. 1947.)

## Notes

### Editorial Notes

### Prior Provisions

A prior section 1087gg, Pub. L. 89–329, title IV, § 467, as added Pub. L. 96–49, § 5(d)(3)(A), Aug. 13, 1979, 93 Stat. 352; amended Pub. L. 96–374, title IV, § 445(c), title XIII, § 1391(a)(1), Oct. 3, 1980, 94 Stat. 1442, 1503; Pub. L. 99–272, title XVI, § 16029, Apr. 7, 1986, 100 Stat. 354, related to collection of defaulted loans, prior to the general revision of this part by Pub. L. 99–498.

### Amendments

2009—Subsec. (b). Pub. L. 111–39 substituted “paragraph (4) or (5)” for “paragraph (5)(A), (5)(B)(i), or (6)”.

1998—Subsec. (c). Pub. L. 105–244 struck out heading and text of subsec. (c) which established the Perkins Loan Revolving Fund and provided for deposits into and payments from the Fund.

1992—Pub. L. 102–325 amended section catchline generally, inserting “: Perkins Loan Revolving Fund” after “loans” and added subsec. (c).

### Statutory Notes and Related Subsidiaries

### Effective Date of 2009 Amendment

Amendment by Pub. L. 111–39 effective as if enacted on the date of enactment of Pub. L. 110–315 (Aug. 14, 2008), see section 3 of Pub. L. 111–39, set out as a note under section 1001 of this title.

### Effective Date of 1998 Amendment

Amendment by Pub. L. 105–244 effective Oct. 1, 1998, except as otherwise provided in Pub. L. 105–244, see section 3 of Pub. L. 105–244, set out as a note under section 1001 of this title.

### Effective Date of 1992 Amendment

Amendment by Pub. L. 102–325 to this section, relating to creation of Perkins Loan Revolving Fund, effective Sept. 15, 1997, see section 468(4) of Pub. L. 102–325, set out as a note under section 1087dd of this title.

### Transfer of Balance

Pub. L. 105–244, title IV, § 467(b), Oct. 7, 1998, 112 Stat. 1728, provided that: “Any funds in the Perkins Loan Revolving Fund on the date of enactment of this Act [Oct. 7, 1998] shall be transferred to and deposited in the Treasury.”