yourstate.us
Home / United States / 20 U.S.C.
20 U.S.C. § 1074

Scope and duration of Federal loan insurance program

United States · Title 20 — EDUCATION · Status: effective

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
20 U.S.C. § 1074, Scope and duration of Federal loan insurance program, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/452095
Permanent ID
ys:prov:452095@1
SHA-256
08c82dd48f1c1b2dba5e9f8bb0e41bef4e3784aa2963d25361c90cb6d03ffc0f

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

The total principal amount of new loans made and installments paid pursuant to lines of credit (as defined in section 1085 of this title) to students covered by Federal loan insurance under this part shall not exceed $2,000,000,000 for the period from July 1, 1976, to September 30, 1976, for each of the succeeding fiscal years ending prior to October 1, 2009, and for the period from October 1, 2009, to June 30, 2010, for loans first disbursed on or before June 30, 2010. The Secretary may, if he or she finds it necessary to do so in order to assure an equitable distribution of the benefits of this part, assign, within the maximum amounts specified in subsection (a), Federal loan insurance quotas applicable to eligible lenders, or to States or areas, and may from time to time reassign unused portions of these quotas.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.