Federal · Title 33 — Navigation and Navigable Waters
33 U.S.C. § 3078: Interest payment program
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The Secretary may pay the interest and any special allowances that accrue on one or more student loans of an eligible officer, in accordance with this section. is serving on active duty; has not completed more than three years of service on active duty; is the debtor on one or more unpaid loans described in subsection (c); and is not in default on any such loan. A loan made, insured, or guaranteed under part B of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.). A loan made under part D of such title ( 20 U.S.C. 1087a et seq.). A loan made under part E of such title ( 20 U.S.C. 1087aa et seq.). Interest and any special allowance may be paid on behalf of an officer under this section for any of the 36 consecutive months during which the officer is eligible under subsection (b). The Secretary shall consult with the Secretary of Education regarding the administration of this section. for the funds necessary to pay interest and special allowances on student loans under this section (in accordance with sections 428( o ), 455( l ), and 464(j) of the Higher Education Act of 1965 ( 20 U.S.C. 1078 ( o ), 1087e( l ), and 1087dd(j)); 1 and 1 So in original. The semicolon probably should be preceded by a third closing parenthesis. for any reasonable administrative costs incurred by the Secretary of Education in coordinating the program under this section with the administration of the student loan programs under parts B, D, and E of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq., 1087a et seq., 1087aa et seq.). In this section, the term ‘special allowance’ means a special allowance that is payable under section 438 of the Higher Education Act of 1965 ( 20 U.S.C. 1087–1 ).
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