A loan may be rehabilitated twice rather than once
What the document says“Section 428F(a)(5) of the Higher Education Act of 1965 (20 U.S.C. 1078-6(a)(5)) is amended by striking "one time" and inserting "two times".”
The section strikes one time and inserts two times in section 428F(a)(5) of the Higher Education Act of 1965, and strikes once and inserts twice in section 464(h)(1)(D). The changes take effect on July 1, 2027 and apply to any loan made, insured or guaranteed under title IV of that Act.
What the document actually says“Section 428F(a)(5) of the Higher Education Act of 1965 (20 U.S.C. 1078-6(a)(5)) is amended by striking "one time" and inserting "two times".”
The words one time are taken out of a loan law. The words two times are put in.
The same change is made for a second kind of loan. Rehabilitating brings a loan out of default. It may now be done twice.
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