
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document affected by Public Law 107-135 Section 102(c)]
[CITE: 38USC7683]

 
                      TITLE 38--VETERANS' BENEFITS
 
              PART V--BOARDS, ADMINISTRATIONS, AND SERVICES
 
     CHAPTER 76--HEALTH PROFESSIONALS EDUCATIONAL ASSISTANCE PROGRAM
 
            SUBCHAPTER VII--EDUCATION DEBT REDUCTION PROGRAM
 
Sec. 7683. Education debt reduction

    (a) In General.--Education debt reduction payments under the 
Education Debt Reduction Program shall consist of payments to 
individuals selected to participate in the program of amounts to 
reimburse such individuals for payments by such individuals of principal 
and interest on loans described in section 7682(a)(2) of this title.
    (b) Frequency of Payment.--(1) The Secretary may make education debt 
reduction payments to any given participant in the Education Debt 
Reduction Program on a monthly or annual basis, as determined by the 
Secretary.
    (2) The Secretary shall make such payments at the end of the period 
determined by the Secretary under paragraph (1).
    (c) Performance Requirement.--The Secretary may make education debt 
reduction payments to a participant in the Education Debt Reduction 
Program for a period only if the Secretary determines that the 
individual maintained an acceptable level of performance in the position 
or positions served by the participant during the period.
    (d) Maximum Annual Amount.--(1) Subject to paragraph (2), the amount 
of education debt reduction payments made to a participant for a year 
under the Education Debt Reduction Program may not exceed--
        (A) $6,000 for the first year of the participant's participation 
    in the Program;
        (B) $8,000 for the second year of the participant's 
    participation in the Program; and
        (C) $10,000 for the third year of the participant's 
    participation in the Program.

    (2) The total amount payable to a participant in such Program for 
any year may not exceed the amount of the principal and interest on 
loans referred to in subsection (a) that is paid by the individual 
during such year.

(Added Pub. L. 105-368, title VIII, Sec. 803(a), Nov. 11, 1998, 112 
Stat. 3357.)
