Page:United States Statutes at Large Volume 107 Part 1.djvu/367

 PUBLIC LAW 103-66—AUG. 10, 1993 Subtitle A—Direct Student Loan Provisions 107 STAT. 341 Student Loan Reform Act of 1993. SEC. 4011. SHORT TITLE; REFERENCES. (a) SHORT TITLE.— This subtitle may be cited as the "Student Loan Reform Act of 1993". (b) REFERENCES. — References in this subtitle and subtitles B and C to "the Act" are references to the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.). CHAPTER 1—FEDERAL DIRECT STUDENT LOAN PROGRAM SEC. 4021. FEDERAL DIRECT STUDENT LOAN PROGRAM. Part D of title IV (20 U.S.C. 1087a) is amended to read as follows: "PART D—FEDERAL DIRECT STUDENT LOAN PROGRAM 'SEC. 451. PROGRAM AUTHORITY. There are hereby made available, in accordance with the provisions of this part, such sums as may be necessary to make loans to all eligible students (and the eligible parents of such students) in attendance at participating institutions of higher education selected by the Secretary, to enable such students to pursue their courses of study at such institutions during the period beginning July 1, 1994. Such loans shall be made by participating institutions, or consortia thereof, that have agreements with the Secretary to originate loans, or by alternative originators designated by the Secretary to make loans for students in attendance at participating institutions (and their parents). 'SEC. 452. FUNDS FOR ORIGINATION OF DIRECT STUDENT LOANS. "(a) IN GENERAL. —The Secretary shall provide, on the basis of the need and the eligibility of students at each participating institution, and parents of such students, for such loans, funds for student and parent loans under this partr— "(1) directly to an institution of higher education that has an agreement with the Secretary under section 454(a) to participate in the direct student loan programs under this part and that also has an agreement with the Secretary under section 454(b) to originate loans under this part; or "(2) through an alternative originator designated by the Secretary to students (and parents of students) attending institutions of higher education that have an agreement with the Secretary under section 454(a) but that do not have an agreement with the Secretary under section 454(b). "(b) FEES FOR ORIGINATION SERVICES. — "(1) FEES FOR INSTITUTIONS.—The Secretary shall pay fees to institutions of higher education (or a consortium of such institutions) with agreements under section 454(b), in an amount established by the Secret€iry, to assist in meeting the costs of loan origination. Such fees— 20 USC 1001 note. 20 USC 1087a. 20 USC 1087b.

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