 
      CHAPTER 28--HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE
 
                    SUBCHAPTER IV--STUDENT ASSISTANCE
 
                      Part D--Federal Perkins Loans
 
Sec. 1087hh. General authority of Secretary

    In carrying out the provisions of this part, the Secretary is 
authorized--
        (1) to consent to modification, with respect to rate of 
    interest, time of payment of any installment of principal and 
    interest or any portion thereof, or any other provision of any note 
    evidencing a loan which has been made under this part;
        (2) to enforce, pay, compromise, waive, or release any right, 
    title, claim, lien, or demand, however acquired, including any 
    equity or any right of redemption;
        (3) to conduct litigation in accordance with the provisions of 
    section 1082(a)(2) of this title; and
        (4) to enter into a contract or other arrangement with State or 
    nonprofit agencies and, on a competitive basis, with collection 
    agencies for servicing and collection of loans under this part.

(Pub. L. 89-329, title IV, Sec. 468, as added Pub. L. 99-498, title IV, 
Sec. 405(a), Oct. 17, 1986, 100 Stat. 1454.)


                            Prior Provisions

    A prior section 1087hh, Pub. L. 89-329, title IV, Sec. 468, as added 
Pub. L. 96-374, title IV, Sec. 442(a), Oct. 3, 1980, 94 Stat. 1437, 
related to alternative source of funds, prior to the general revision of 
this part by Pub. L. 99-498.
    A prior section 1087ii, Pub. L. 89-329, title IV, Sec. 469, as added 
Pub. L. 96-374, title IV, Sec. 442(a), Oct. 3, 1980, 94 Stat. 1439, 
related to recapture of current balance of student loan funds, prior to 
the general revision of this part by Pub. L. 99-498.

                  Section Referred to in Other Sections

    This section is referred to in section 1087ee of this title.
