Page:United States Statutes at Large Volume 100 Part 2.djvu/270

 100 STAT. 1372

Armed Forces.

Voluntarism. 22 USC 2501 note.

42 USC 4951 note.

26 USC 501.

29 USC 206.

PUBLIC LAW 99-498—OCT. 17, 1986 "(M) provides that periodic installments of principal need not be paid, but interest shall accrue and be paid, during any period— "(i) during which the borrower (I) is pursuing a fulltime course of study as determined by an eligible institution, (II) is pursuing at least a half-time course of study (as determined by such institution) for which the student has obtained a loan under this part, or (III) is pursuing a course of study pursuant to a graduate fellowship program approved by the Secretary, or pursuant to a rehabilitation training program for disabled individuals approved by the Secretary; "(ii) not in excess of 3 years during which the borrower is a member of the Armed Forces of the United States, is an active duty member of the National Oceanic and Atmospheric Administration Corps, or is an officer in the Commissioned Corps of the Public Health Service; "(iii) not in excess of 3 years during which the borj rower is in service as a volunteer under the Peace Corps Act; "(iv) not in excess of 3 years during which the borrower is in service as a full-time volunteer under the Domestic Volunteer Service Act of 1973; "(v) not in excess of 3 years during which the borrower is in service, comparable to the service referred to in clauses (iii) and (iv), as a full-time volunteer for an organization which is exempt from taxation under section 501(c)(3) of the Internal Revenue Code of 1954; "(vi) not in excess of 3 years during which the borrower is engaged as a full-time teacher in a public or private elementary or secondary school in a teacher shortage area established by the Secretary pursuant to paragraph (4) of this subsection; "(vii) not in excess of 2 years during which the borrower is serving an internship, the successful completion of which is required in order to receive professional recognition required to begin professional ' ^ practice or service; "(viii) not in excess of 3 years during which the ''" borrower is temporarily totally disabled, as established by sworn affidavit of a qualified physician, or during which the borrower is unable to secure employment by reason of the care required by a dependent who is so disabled; "(ix) not in excess of 24 months, at the request of the borrower, during which the borrower is seeking and unable to find full-time employment; "(x) not in excess of 6 months of parental leave; and "(xi) not in excess of 12 months for mothers with preschool age children who are just entering or reentering the work force and who are compensated at a rate not exceeding $1 in excess of the rate prescribed under section 6 of the Fair Labor Standards Act of 1938; "(N) provides that funds borrowed by a student are disbursed to the institution by check or other means that is payable to and requires the endorsement or other certifi-

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