income-sensitive repayment schedule established by the lender and in accordance with regulations of the Secretary; and
"(ii) repayment of loans shall be in installments over a period of not less than 5 years (unless the student, during the 6 months immediately preceding the start of the repayment period, specifically requests that repayment be made over a shorter period) nor more than 10 years commencing at the beginning of the repayment period determined under paragraph (7) of this subsection;".
Subsec. (b)(1)(G). Pub. L. 105-244, § 417(b)(4), struck out "not less than" after "insures".
Subsec. (b)(1)(L)(i). Pub. L. 105-244, § 417(b)(5), inserted "except as otherwise provided by a repayment plan selected by the borrower under clause (ii) or (iii) of paragraph (9)(A)," before "during any" and ", notwithstanding any payment plan under paragraph (9)(A)" after "due and payable".
Subsec. (b)(1)(M)(i)(I). Pub. L. 105-244, § 417(b)(6)(A), inserted before semicolon ", except that no borrower, notwithstanding the provisions of the promissory note, shall be required to borrow an additional loan under this subchapter in order to be eligible to receive a deferment under this clause".
Subsec. (b)(1)(M)(ii). Pub. L. 105-244, § 417(b)(6)(B), inserted before semicolon ", except that no borrower who provides evidence of eligibility for unemployment benefits shall be required to provide additional paperwork for a deferment under this clause".
Subsec. (b)(1)(U)(i)(I), (ii). Pub. L. 105-244, § 417(b)(7)(A), substituted "emergency action," for "emergency action,,".
Subsec. (b)(1)(U)(iii)(I). Pub. L. 105-244, § 417(b)(7)(B), inserted "that originates or holds more than $5,000,000 in loans made under this subchapter for any lender fiscal year (except that each lender described in section 1085(d)(1)(A)(ii)(III) of this title shall annually submit the results of an audit required by this clause)," before "at least once a year".
Subsec. (b)(1)(X). Pub. L. 105-244, § 417(b)(8)(B)(i), substituted "subsection (c)(9)" for "subsection (c)(10)".
Subsec. (b)(1)(Y). Pub. L. 105-244, § 417(b)(8)(A), (B)(ii), (C), added subpar. (Y).
Subsec. (b)(3). Pub. L. 105-244, § 417(b)(9)(B), inserted concluding provisions.
Subsec. (b)(3)(C). Pub. L. 105-244, § 417(b)(9)(A), added subpar. (C) and struck out former subpar. (C) which read as follows: "conduct unsolicited mailings to students enrolled in secondary school of student loan application forms; or".
Subsec. (b)(7)(D). Pub. L. 105-244, § 417(b)(10), added subpar. (D).
Subsec. (b)(9). Pub. L. 105-244, § 417(b)(11), added par. (9).
Subsec. (c)(1)(A). Pub. L. 105-244, § 417(c)(1)(A)(i), substituted "95 percent" for "98 percent".
Subsec. (c)(1)(B)(i). Pub. L. 105-244, § 417(c)(1)(A)(ii), substituted "85 percent" for "88 percent".
Subsec. (c)(1)(B)(ii). Pub. L. 105-244, § 417(c)(1)(A)(iii), substituted "75 percent" for "78 percent".
Subsec. (c)(1)(E)(i). Pub. L. 105-244, § 417(c)(1)(A)(iv)(I), substituted "95 percent" for "98 percent".
Subsec. (c)(1)(E)(ii). Pub. L. 105-244, § 417(c)(1)(A)(iv)(II), substituted "85 percent" for "88 percent".
Subsec. (c)(1)(E)(iii). Pub. L. 105-244, § 417(c)(1)(A)(iv)(III), substituted "75 percent" for "78 percent".
Subsec. (c)(1)(F)(i). Pub. L. 105-244, § 417(c)(1)(A)(v)(I), substituted "95 percent" for "98 percent".
Subsec. (c)(1)(F)(ii). Pub. L. 105-244, § 417(c)(1)(A)(v)(II), substituted "85 percent" for "88 percent".
Subsec. (c)(1)(F)(iii). Pub. L. 105-244, § 417(c)(1)(A)(v)(III), substituted "75 percent" for "78 percent".
Subsec. (c)(2)(A). Pub. L. 105-244, § 417(c)(2)(A),