Page:United States Statutes at Large Volume 94 Part 2.djvu/138

 94 STAT. 1416

20 USC 1078.

PUBLIC LAW 96-374—OCT. 3, 1980 (1) by striking out "1981" and inserting and (2) by striking out "1985" and inserting 03) Section 428(a)(5) of the Act is amended— (1) by striking out "1981" and inserting and (2) by striking out "1985" and inserting

in lieu thereof "1986"; in lieu thereof "1990". in lieu thereof "1986"; in lieu thereof "1990".

LOAN LIMITATIONS

20 USC 1075.

Post, p. 1445.

20 USC 1078.

20 USC 1078-1.

SEC. 412. (a) Section 425(a)(1) of the Act is amended— (1) by redesignating clauses (A), (B), and (C), as clauses (B), (C), and (D), respectively; (2) by inserting immediately before clause (B) (as so redesignated) the following new clause: "(A) that in the Case of an independent student (defined in accordance with section 482(c)(2)) who has not successfully completed a program of undergraduate education, the total of such loans may not exceed $3,000,"; and (3) by striking out "clause (B)" in the last sentence of such section and inserting in lieu thereof "clause (C)". 0)) Section 425(a)(2) of the Act is amended by striking out "$7,500, in the case of any student who has not successfully completed a program of undergraduate education, and $15,000 in the case of any graduate or professional student" and inserting in lieu thereof "$12,500 in the case of any student (other than an independent student) who has not successfully completed a program of undergraduate education, $15,000 in the case of any independent student who has not successfully completed a program of undergraduate education, and $25,000 in the case of any graduate or professional student". (c) The matter preceding division (i) of section 428(b)(l)(A) of the Act is amended— (1) by inserting after "student" the following: "(other than an independent student)"; and (2) by inserting after "undergraduate education," the following: "or not more than $3,000 in the case of an independent student (defined in accordance with section 482(c)(2)) who has not successfully completed a program of undergraduate education,". (d) Section 428(b)(l)(B) of the Act is amended by striking out "$7,500, in the case of any student who has not successfully completed a program of undergraduate education, and $15,000 in the case of any graduate or professional student" and inserting in lieu thereof "$12,500 in the case of any student (other than an independent student) who has not successfully completed a program of undergraduate education, $15,000 in the case of any independent student who has not successfully completed a program of undergraduate education, and $25,000 in the case of any graduate or professional student". (e) Section 428A of the Act is amended— (1) by striking out "$2,500 (in the case of a student who has not successfully completed a program of undergraduate education) or $5,000 (in the case of a graduate or professional student)" in subsection (a)(l)(A) and in subsection (a)(2)(A) and inserting in lieu thereof in each such place the following: "$2,500 (in the case of a student, other than an independent student, who has not successfully completed a program of undergraduate education), $3,000 (in the case of an independent student (as defined in section 482(c)(2)) who has not successfully completed a program

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