Page:United States Statutes at Large Volume 97.djvu/513

 PUBLIC LAW 98-79 —AUG. 15, 1983 97 STAT. 481 "(1) not later than fifteen days after the date of enactment of the Student Loan Consolidation and Technical Amendments Act of 1983 for academic year 1984-1985; and Ante, p. 476. "(2) not later than April 1, 1984, for academic year 1985-1986. INDEPENDENT STUDENT DETERMINATION 20 USC 1089 note. 96 Stat. 1403. 20 USC 1078 note. "SEC. 6. Notwithstanding any rule or regulation, the criteria for the determination of independent student status, prescribed under section 482(c)(2) of the Higher Education Act of 1965, in effect for 20 USC 1089. academic year 1982-1983 shall be the criteria for such determina- tions for each of the academic years 1983-1984, 1984-1985, and 1985- 1986.". (b) Section 9 of such Act is amended— (1) by inserting "from July 1, 1984, through June 30, 1985, and from July 1, 1985, through June 30, 1986," after "June 30, 1984," in subsection (a); (2) by striking out "the period of instruction from July 1, 1983, through June 30, 1984," in subsection (b) and inserting in lieu thereof "each of the periods of instruction (beginning after June 30, 1983) described in subsection (a)"; and (3) by striking out subsection (c) and inserting in lieu thereof the following: "(c) The modified family contribution schedule under this section shall be submitted not later than— "(1) April 1, 1983, for the period of instruction from July 1, 1983, through June 30, 1984; "(2) April 1, 1984, for the period of instruction from July 1, 1984, through June 30, 1985; and "(3) April 1, 1985, for the period of instruction from July 1, 1985, through June 30, 1986, and shall otherwise be subject to the provisions of section 482(a) of the Higher Education Act of 1965.". 20 USC 1089. CLARIFICATION OF APPLICABILITY OF 8 PER CENTUM RATE SEC. 5. (a) Section 427A(a) of the Act is amended— (1) by striking out "other than" and all that follows through "this subsection" in paragraph (1) and inserting in lieu thereof "for which the interest rate does not exceed 7 per centum"; (2) by striking out "any loan made, insured" and all that follows through "this paragraph" in paragraph (2) and inserting in lieu thereof "any loan described in paragraph (1) or any loan for which the interest rate is determined under paragraph (1)"; and (3) by striking out paragraph (3) and inserting in lieu thereof the following: "(3) be 8 per centum per annum on the unpaid principal balance of the loan for a loan to cover the cost of education for any period of enrollment beginning on or after a date which is three months after a determination made under subsection (b) in the case of any borrower who, on the date of entering into the note or other written evidence of the loan, has no outstanding balance of principal or interest on any loan for which the interest rate is determined under paragraph (1) or (2) of this subsection.". 20 USC 1077a. 11-194O-85—17:QL3

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