The income contingent repayment authority is repealed
What the document says“Subsection (e) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(e)) is repealed.”
The section repeals subsection (e) of section 455 of the Higher Education Act of 1965 and strikes references to income contingent repayment from sections 428, 428C, 485 and 494 of that Act, putting income-based repayment under section 455(q) or section 493C in its place. Those changes take effect on July 1, 2028.
What the document actually says“Subsection (e) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(e)) is repealed.”
One part of a student loan law is repealed. It set up income contingent repayment.
Other sections lose the same words. Income-based plans take their place. The change starts on July 1, 2028.
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