123STA T . 1 940PUBLIC LA W 111 – 39 —J UL Y 1 , 2009 shal l notbe t r eate d as est im ated f inan c ial assistance as described in sections 471(3) and 4 80 ( j ) .‘ ‘(f) AUTHORIZA TIO N AN D A P PROPRIATION S O FF UNDS. —T here are a u thori z edtobea p propriated , and there are appropriated, out of an y money in the Treasury not other w ise appropriated, for the S ecretary to carry out this section, such sums as may be necessary for fiscal year 2 010 and each succeedin g fiscal year. ’ ’. (b) E FF EC TI V E D ATE.—The amendment made by subsection (a)( 9 ) shall ta k e effect on J uly 1, 2010. (c) H I G HER EDUCATION O PPORTUNIT Y ACT.—Section 404 of the Higher Education Opportunity Act ( P ublic L aw 110 – 31 5 )is amended by adding at the end the following new subsection
‘‘(i) EFFECTIVE DATE
TRANSITION.— ‘‘(1) I N GENERA L .—The amendments made by subsection (e) shall apply to grants made under chapter 2 of subpart 2ofpartAoftitleI V of the Higher Education Act of 19 6 5 (20 U .S. C . 1070a–21 et se q .) on or after the date of enactment of this Act, e x cept that a recipient of a grant under such chapter that is made prior to such date may elect to apply the requirements contained in the amendments made by sub - section (e) to that grant if the grant recipient informs the Secretary of the election. ‘‘(2) SPECIAL RULE.—A grant recipient may make the elec- tion described in paragraph (1) only if the election does not decrease the amount of the scholarship promised to an indi- v idual student under the grant.’’. SEC.402 . F E D E RAL FA MI L Y ED U CA T I ON LOAN P RO G RAM. (a) A M ENDMENT TO PROVISION AMENDED B Y THE COLLEGE COST R EDUCTION AND ACCESS ACT.— (1) IN GENERAL.—Section 428(b)(1)( G )(i) (20 U.S.C. 1078(b)(1)(G)(i)), as amended by section 303 of the College Cost Reduction and Access Act (Public Law 110–84), is amended by striking ‘‘or 439(q)’’. (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall be effective as if enacted as part of the amendment in section 303(a) of the College Cost Reduction and Access Act (Public Law 110–84), shall take effect on October 1, 2012, and shall apply with respect to loans made on or after such date. (b) ENTRANCE COUNSELING FUNCTIONS.— (1) GUARANTY AGENCIES.—Section 428(b)(3) (20 U.S.C. 1078(b)(3)) is amended— (A) in subparagraph (C), by inserting ‘‘or 485(l)’’ after ‘‘section 485(b)’’; and ( B ) in subparagraph (D), by inserting ‘‘or 485(l)’’ after ‘‘section 485(b)’’. (2) ELIGIBLE LENDERS.—Section 435(d)(5) (20 U.S.C. 1085(d)(5)) is amended— (A) in subparagraph (E), by inserting ‘‘or 485(l)’’ after ‘‘section 485(b)’’; and (B) in subparagraph (F), by inserting ‘‘or 485(l)’’ after ‘‘section 485(b)’’. (c) AMENDMENT TO PROVISION AMENDED BY THE HIGHER EDU- CATION OPPORTUNITY ACT.— (1) IN GENERAL.—Section 428C(c)(3)(A) (20 U.S.C. 1078– 3(c)(3)(A)), as amended by section 425 of the Higher Education Ap p licab ili ty.20USC1 0 78no t e . Applicability. 20 USC 1070a – 2 5 note. 20 USC 1070 h note.
