Page:United States Statutes at Large Volume 95.djvu/478
95 STAT. 452 94 Stat. 1445. 20 USC 1089. 20 USC 1232.
20 USC 1070a, 1070b-l.
20 USC 1078.
Repeal. 20 USC 1087-3a, 1078 note. 20 USC 1001 note. 20 USC 1071.
94 Stat. 1424. 20 USC 1078-2.
94 Stat. 1425. 20 USC 1087-1.
94 Stat. 1430. 20 USC 1087-2.
PUBLIC LAW 97-35—AUG. 13, 1981 "(Ill) not be the subject of public comment otherwise required by section 482(a)(1) of this Act or section 431 of the General Education Provisions Act; and "(IV) be subject to amendment prior to the next regular submission of a separate schedule as required by subparagraph (D) only in accordance with division (iv) of this subparagraph. "(ii) If either the Senate or the House of Representatives adopts, prior to October 1, 1981, a resolution of disapproval of the schedule submitted under division (i), such schedule shall not take effect. If such schedule is so disapproved, or if the Secretary does not submit such a schedule by August 15, 1981, then beginning on October 1, 1981, the expected family contribution for purposes of this paragraph shall be determined by the eligible institution in accordance with regulations promulgated under section 411 or 413B, as in effect for the period beginning on July 1, 1981, governing the determination of expected family contribution. (iii) The method of determining the expected family contribution established under this subparagraph shall remain in effect until superseded by the taking effect of the next schedule submitted in accordance with subparagraph (D) or amended in accordance with division (iv) of this subparagraph. "(iv) Any amendment promulgated by the Secretary to the initial separate schedule established under this subparagraph shall be transmitted to the President of the Senate and the Speaker of the House of Representatives not later than the time of its publication in the Federal Register. If either the Senate or House of Representatives adopts, within 30 legislative days following the publication of such amendment, a resolution of disapproval of such amendment, such amendment shall not take effect. "(F) For the purpose of a student described in clause (ii) of subparagraph (B), the amount of the loan which is qualified for a payment under paragraph (1) is the amount of the need of such student as determined by the eligible institution, except that, if the amount of need is equal to or more than $500, but is less than $1,000, the amount of the loan which is qualified for such payment shall be $1,000.". (b)(1) Section 42803)(l)(A)(i) of the Act is amended by striking out "section 428(a)(2)(B)(i)" and inserting in lieu thereof "section 428(a)(2)(C)(i)". (2) Section 439B of the Act is repealed. Nothing in this paragraph or in any other provision of this title, or in any provision of the Higher Education Act of 1965 as amended by this title, shall be construed to permit any analysis of need for the purposes of loans under part B of title IV of such Act other than that expressly required by section 428(a)(2) of such Act as amended by this section or to require a student seeking to qualify under section 428(a)(2)(B)(i) to prove any element of need other than compliance with the adjusted gross income amount specified in such section. (3) Section 428B03)(3) of the Act is amended by striking out "No" and inserting in lieu thereof "Any loan under this section may be counted as part of the student's expected family contribution in the determination of need under this title, but no". (4) Section 438G3)(5) of the Act is amended to read as follows: "(5) As used in this section, the term 'eligible loan' means a loan— "(A)(i) on which a portion of the interest is paid on behalf of the student and for his account to the holder of the loan under section 428(a); "(ii) which is made under section 428B or 439(o); or