Source: http://www.law.cornell.edu/uscode/text/10/2174?quicktabs_8=2
Timestamp: 2014-07-30 08:45:33
Document Index: 222685362

Matched Legal Cases: ['§ 2174', '§ 651', '§ 1071', '§ 1087', '§ 1087', '§ 651']

10 U.S. Code § 2174 - Interest payment program: members on active duty | LII / Legal Information Institute
Eligible Members.— A member of the armed forces is eligible for the benefit under subsection (a) while the member—
Student Loans.— The authority to make payments under subsection (a) may be exercised with respect to the following loans:
Maximum Benefit.— The months for which interest and any special allowance may be paid on behalf of a member of the armed forces under this section are any 36 consecutive months during which the member is eligible under subsection (b).
Funds for Payments.— Appropriations available for the pay and allowances of military personnel shall be available for payments under this section.
The Secretary concerned shall transfer to the Secretary of Education the funds necessary—
to pay interest and special allowances on student loans under this section (in accordance with sections 428(o), 455(l), and 464(j) of the Higher Education Act of 1965 (20 U.S.C. 1078
(o), 1087e
(l), and 1087dd
Special Allowance Defined.— In this section, the term “special allowance” means a special allowance that is payable under section 438 of the Higher Education Act of 1965 (20 U.S.C. 1087–1).
(Added Pub. L. 107–314, div. A, title VI, § 651(a)(1),Dec. 2, 2002, 116 Stat. 2578.)
The Higher Education Act of 1965, referred to in subsecs. (c) and (f)(2)(B), is Pub. L. 89–329, Nov. 8, 1965, 79 Stat. 1219, as amended. Parts B, D, and E of title IV of the Act are classified to parts B (§ 1071 et seq.), C (§ 1087a et seq.), and D (§ 1087aa et seq.), respectively, of subchapter IV of chapter 28 of Title 20, Education. For complete classification of this Act to the Code, see Short Title note set out under section 1001 of Title 20 and Tables.
Pub. L. 107–314, div. A, title VI, § 651(e),Dec. 2, 2002, 116 Stat. 2581, provided that: “The amendments made by this section [enacting this section and amending sections 1078, 1087e, and 1087dd of Title 20, Education] shall apply with respect to interest, and any special allowance under section 438 of the Higher Education Act of 1965 [20 U.S.C. 1087–1], that accrue for months beginning on or after October 1, 2003, on student loans described in subsection (c) ofsection 2174 of title 10, United States Code (as added by subsection (a)), that were made before, on, or after such date to members of the Armed Forces who are on active duty (as defined in section 101