
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC292v]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                    CHAPTER 6A--PUBLIC HEALTH SERVICE
 
               SUBCHAPTER V--HEALTH PROFESSIONS EDUCATION
 
                          Part A--Student Loans
 
           subpart ii--federally-supported student loan funds
 
Sec. 292v. Provision by schools of information to students


(a) In general

    With respect to loans made by a school under this subpart after June 
30, 1986, each school, in order to carry out the provisions of sections 
292q and 292r of this title, shall, at any time such school makes such a 
loan to a student under this subpart, provide thorough and adequate loan 
information on loans made under this subpart to the student. The loan 
information required to be provided to the student by this subsection 
shall include--
        (1) the yearly and cumulative maximum amounts that may be 
    borrowed by the student;
        (2) the terms under which repayment of the loan will begin;
        (3) the maximum number of years in which the loan must be 
    repaid;
        (4) the interest rate that will be paid by the borrower and the 
    minimum amount of the required monthly payment;
        (5) the amount of any other fees charged to the borrower by the 
    lender;
        (6) any options the borrower may have for deferral, 
    cancellation, prepayment, consolidation, or other refinancing of the 
    loan;
        (7) a definition of default on the loan and a specification of 
    the consequences which will result to the borrower if the borrower 
    defaults, including a description of any arrangements which may be 
    made with credit bureau organizations;
        (8) to the extent practicable, the effect of accepting the loan 
    on the eligibility of the borrower for other forms of student 
    assistance; and
        (9) a description of the actions that may be taken by the 
    Federal Government to collect the loan, including a description of 
    the type of information concerning the borrower that the Federal 
    Government may disclose to (A) officers, employees, or agents of the 
    Department of Health and Human Services, (B) officers, employees, or 
    agents of schools with which the Secretary has an agreement under 
    this subpart, or (C) any other person involved in the collection of 
    a loan under this subpart.

(b) Statement regarding loan

    Each school shall, immediately prior to the graduation from such 
school of a student who receives a loan under this subpart after June 
30, 1986, provide such student with a statement specifying--
        (1) each amount borrowed by the student under this subpart;
        (2) the total amount borrowed by the student under this subpart; 
    and
        (3) a schedule for the repayment of the amounts borrowed under 
    this subpart, including the number, amount, and frequency of 
    payments to be made.

(July 1, 1944, ch. 373, title VII, Sec. 726, as added Pub. L. 102-408, 
title I, Sec. 102, Oct. 13, 1992, 106 Stat. 2020.)


                            Prior Provisions

    A prior section 726 of act July 1, 1944, was classified to section 
293f of this title prior to the general revision of this subchapter by 
Pub. L. 102-408.
    Another prior section 726 of act July 1, 1944, was classified to 
section 293f of this title prior to repeal by Pub. L. 94-484.
