34 C.F.R. 34 CFR--PART 685


Title 34 - Education


Amendment from August 09, 2006

34 CFR--PART 685
View Printed Federal Register page 71 FR 45714 in PDF format.

Amendment(s) published August 9, 2006, in 71 FR 45714


Effective Date(s): September 8, 2006

74. Section 685.209 is amended by revising paragraph (c)(4)(ii) to read as follows:

§ 685.209   Income contingent repayment plan.

                   *                 *                 *                 *                 *

(c)  *  *  *

(4)  *  *  *

(ii)(A) The repayment period includes—

(1) Periods in which the borrower makes payments under the standard repayment plan described in §685.208(b); and

(2) If the repayment period is not more than 12 years, periods in which the borrower makes payments under the extended repayment plans described in §685.208(d) and (e), or the standard repayment plan described in §685.208(c).

(B) The repayment period does not include—

(1) Periods in which the borrower makes payments under the graduated repayment plans described in §685.208(f), §685.208(g) and §685.208(h);

(2) Periods in which the borrower makes payments under an alternative repayment plan;

(3) Periods of authorized deferment or forbearance; or

(4) Periods in which the borrower makes payments under the extended repayment plans described in §685.208(d) and

(e) in which payments are based on a repayment period that is longer than 12 years.

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