Page:United States Statutes at Large Volume 103 Part 3.djvu/43

 PUBLIC LAW 101-239—DEC. 19, 1989 103 STAT. 2111 TITLE II—STUDENT LOAN AND PENSION FIDUCIARY AMENDMENTS Subtitle A—Student Loan Reconciliation Amendments SEC. 2001. SHORT TITLE. This subtitle may be cited as the "Student Loan Reconciliation Amendments of 1989". SEC. 2002. INTERNSHIP DEFERMENTS AND FORBEARANCE. (a) DEFERMENTS. — (1) FEDERALLY INSURED STUDENT LOANS. — Section 427(a)(2)(C)(i) of the Higher Education Act of 1965 (20 U.S.C. 1077(a)(2)(C)(i)) is amended by inserting before the semicolon at the end thereof the following: ", except that no borrower shall be eligible for a deferment under this clause, or a loan made under this part (other than a loan made under 428B or 428C), while serving in a medical internship or residency program". (2) FEDERAL PAYMENTS TO REDUCE STUDENT INTEREST COSTS.— Section 428(b)(l)(M)(i) of such Act (20 U.S.C. 1078(b)(l)(M)(i)) is amended by inserting before the semicolon at the end thereof the following: ", except that no borrower shall be eligible for a deferment under this clause, or loan made under this part (other than a loan made under 428B or 428C), while serving in a medical internship or residency program". (3) LOAN AGREEMENTS.— Section 464(c)(2)(A)(i) of such Act (20 U.S.C. 1087dd(c)(2)(A)(i)) is amended by inserting before the semicolon at the end thereof the following: ", except that no borrower shall be eligible for a deferment under this clause, or a loan made under this part (other than a loan made under 428B or 428C), while serving in a medical internship or residency program". (4) EFFECTIVE DATE. —The amendments made by this subsec- tion shall apply to any loan made, insured, or guaranteed under part B or part £ of title IV of the Higher Education Act of 1965, mcluding a loan made before the enactment of this Act, and shall take effect on January 1, 1990, except that such amend- ments shall not apply with respect to any portion of a period of deferment granted to a borrower under section 427(a)(2)(C)(i), 428(b)(l)(M)(i), or 464(c)(2)(A)(i) of the Higher Education Act of 1965 for service in a medical internship or residency program that is completed prior to the effective date of this section. (b) FORBEARANCE.— (1) FEDERAL PAYMENTS TO REDUCE STUDENT INTEREST COSTS. — Section 428 of the Higher Education Act of 1965 (20 U.S.C. 1078) is amended— (A) in subsection (b)(l)— (i) in subparagraph (D, by striking "and" at the end thereof; (ii) in subparagraph (U), by striking the period at the end thereof and inserting "; and"; and (iii) by adding at the end thereof the following new subparagraph: Student Loan Reconciliation Amendments of 1989. 20 USC 1001 note. Health care professionals. 20 USC 1077 n ote.

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