Laws & Guidance HIGHER EDUCATION
1998 Amendments to the Higher Education Act of 1965
P.L. 105-244

TITLE IV--STUDENT ASSISTANCE

PART E--FEDERAL PERKINS LOANS

SEC. 465. CANCELLATION FOR PUBLIC SERVICE

Section 465 (20 U.S.C. 1087ee) is amended--

(1) in subsection (a)--

(A) in paragraph (2)(C), by striking `section 676(b)(9)' and inserting `section 635(a)(10)';

(B) in the last sentence of paragraph (2), by striking `section 602(a)(1)' and inserting `section 602'; and

(C) by adding at the end the following new paragraph:

`(7) An individual with an outstanding loan obligation under this part who performs service of any type that is described in paragraph (2) as in effect on the date of enactment of this paragraph shall be eligible for cancellation under this section for such service notwithstanding any contrary provision of the promissory note under which the loan or loans were made, and notwithstanding any amendment (or effective date provision relating to any amendment) to this section made prior to the date of such service.'; and

(2) in subsection (b), by adding at the end the following new sentence: `To the extent feasible, the Secretary shall pay the amounts for which any institution qualifies under this subsection not later than 3 months after the institution files an institutional application for campus-based funds.'.

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Last Modified: 09/24/2003