In this section:
The term "excepted PLUS loan" means a loan under section 1078-2 of this title, or a Federal Direct PLUS Loan, that is made, insured, or guaranteed on behalf of a dependent student.
The term "excepted consolidation loan" means a consolidation loan under section 1078-3 of this title, or a Federal Direct Consolidation Loan, if the proceeds of such loan were used to the discharge the liability on an excepted PLUS loan.
The term "partial financial hardship", when used with respect to a borrower, means that for such borrower-
Notwithstanding any other provision of this chapter, the Secretary shall carry out a program under which-
The Secretary shall establish procedures for annually determining the borrower's eligibility for income-based repayment, including verification of a borrower's annual income and the annual amount due on the total amount of loans made, insured, or guaranteed under part B or D (other than an excepted PLUS loan or excepted consolidation loan), and such other procedures as are necessary to effectively implement income-based repayment under this section.
The Secretary shall-
In the case of a married borrower who files a separate Federal income tax return, the Secretary shall calculate the amount of the borrower's income-based repayment under this section solely on the basis of the borrower's student loan debt and adjusted gross income.
With respect to any loan made to a new borrower on or after July 1, 2014-
20 U.S.C. § 1098e
EDITORIAL NOTES
AMENDMENTS2019-Subsec. (c)(1). Pub. L. 116-91, §4(b)(1), designated first sentence of existing provisions as par. (1) and inserted heading.Subsec. (c)(2). Pub. L. 116-91, §4(b)(2), (3), designated second sentence of existing provisions as par. (2) and inserted heading, substituted "The Secretary shall-" for "The Secretary shall", inserted subpar. (A) designation before "consider,", substituted "; and" for period at end of subpar. (A), and added subpar. (B).2010-Subsec. (e). Pub. L. 111-152 added subsec. (e).2008-Subsec. (b)(1). Pub. L. 110-315 substituted "or had been in default" for "or is already in default".2007-Subsec. (d). Pub. L. 110-153 added subsec. (d).
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective July 1, 2009, see section 203(c)(1) of Pub. L. 110-84, set out as an Effective Date of 2007 Amendment note under section 1078-3 of this title.