PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 535 made, insured, or guaranteed under this part until the final disbursement of such loan has been made, except that the prohibition of this subsection shall not apply if— "(1) the sale of the loan does not result in a change in the identity of the party to whom pa5nnents will be made for the loan; and "(2) the first disbursement of such loan has been made.". SEC. 422. UNSUBSmiZED LOANS; PERFORMANCE AGREEMENTS; LOAN FORGIVENESS. Part B of title IV of the Act is amended by inserting after section 428G the following new sections: "UNSUBSIDIZED STAFFORD LOANS FOR MIDDLE-INCOME BORROWERS "SEC. 428H. (a) IN GENERAL. —It is the purpose of this section 20 USC i078-8. to authorize insured loans under this part for borrowers who do not qualify for Federal interest subsidy payments under section 428 of tiiis Act. Except as provided in this section, all terms and conditions for Federal Stafford loans established under section 428 shall apply to loans made pursuant to this section. "(b) ELIGIBLE BORROWERS.— Any student meeting the requirements for student eligibility under section 484 shall be entitled to borrow an unsubsidized Stafford loan. Such student shall provide to the lender a statement from the eligible institution at which the student has been accepted for enrollment, or at which the student is in attendance, which— "(1) sets forth such student's estimated cost of attendance (as determined under section 472); "(2) sets forth such student's estimated financisd assistance, including a loan which qualifies for subsidy payments under section 428; and "(3) certifies the eligibility of the student to receive a loan under this section and the amount of the loan for which such student is eligible, in accordance with subsection (c). "(c) DETERMINATION OF AMOUNT OF LOAN. —The determination of the amount of a loan by an eligible institution under subsection (b) shall be calculated by subtracting from the estimated cost of attendance at the eligible institution any estimated financial assistance reasonably available to such student. An eligible institution may not, in carrying out the provisions of subsection (b) of this section, provide a statement which certifies the eligibility of any student to receive any loan under this section in excess of the amount calculated under the preceding sentence. "(d) LOAN LIMITS. —The annual and aggregate limits for loans under this section shall be the same as those established under section 428(b)(1), less any amount received by such student pursuant to the subsidized loan program established under section 428. " (e) PAYMENT OF PRINCIPAL AND INTEREST. — "(1) COMMENCEMENT OF REPAYMENT.—Repayment of principal on loans made under this section shall commence 6 months after the month in which the student ceases to carry at least one-half the normal full-time workload as determined by the institution. "(2) CAPITALIZATION OF INTEREST. —Interest on loans made under this section for which payments of principal are not required during the in-school and grace periods or for which payments are deferred under sections 427(a)(2)(C) and
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