P.L. 105-244
TITLE IV--STUDENT ASSISTANCE
Part B--Federal Family Education Loan Program
SEC. 419. FEDERAL PLUS LOANS
Section 428B (20 U.S.C. 1078-2) is amended--
(1) by amending subsection (a) to read as follows:
`(a) AUTHORITY TO BORROW-
`(1) AUTHORITY AND ELIGIBILITY- Parents of a dependent student shall be eligible to borrow funds under this section in amounts specified in subsection (b), if--
`(A) the parents do not have an adverse credit history as determined pursuant to regulations promulgated by the Secretary; and
`(B) the parents meet such other eligibility criteria as the Secretary may establish by regulation, after consultation with guaranty agencies, eligible lenders, and other organizations involved in student financial assistance.
`(2) TERMS, CONDITIONS, AND BENEFITS- Except as provided in subsections (c), (d), and (e), loans made under this section shall have the same terms, conditions, and benefits as all other loans made under this part.
`(3) SPECIAL RULE- Whenever necessary to carry out the provisions of this section, the terms `student' and `borrower' as used in this part shall include a parent borrower under this section.'; and
(2) by adding at the end the following:
`(f) VERIFICATION OF IMMIGRATION STATUS AND SOCIAL SECURITY NUMBER- A parent who wishes to borrow funds under this section shall be subject to verification of the parent's--
`(1) immigration status in the same manner as immigration status is verified for students under section 484(g); and
`(2) social security number in the same manner as social security numbers are verified for students under section 484(p).'.
 | ||
 Previous |
Table of Contents | Next  |
|
||||||||||||
|
|
|||||||||||
| |
||||||||||||
