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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 82002 › Proposal

Forbearance is capped at nine months in any 24

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 82002, Sec. 82002. Written by .

Forbearance is capped at nine months in any 24

The document says “canWho acts: Secretary of EducationHow: statuteSec. 82002 in the PDF
What the document says

“A borrower who receives a loan made under this part on or after July 1, 2027, may only be eligible for a forbearance on such loan pursuant to section 428(c)(3)(B) that does not exceed 9 months during any 24-month period.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 82002

The section adds a new paragraph (8) to section 455(f) of the Higher Education Act of 1965 capping forbearance under section 428(c)(3)(B) on a loan made on or after July 1, 2027 at nine months in any 24 month period.

What the document actually says

“A borrower who receives a loan made under this part on or after July 1, 2027, may only be eligible for a forbearance on such loan pursuant to section 428(c)(3)(B) that does not exceed 9 months during any 24-month period.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 82002
That sentence, in plain words

A borrower may pause payment for a while. That may not top nine months in any two years. It covers loans made from July 1, 2027.

What this is about

Forbearance is a break from paying. Interest usually still builds. Older loans are not capped this way.

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