Collection of Student Loans in Default Act of 1982

Summary

Collection of Student Loans in Default Act of 1982 - Amends the Internal Revenue Code to authorize the Secretary of the Treasury to assess and collect certain student loans found to be in default by the Secretary of Education. Requires the Secretary to give notice to any individuals found to be in default. Sets forth requirements for the form and contents of such notice. Requires any individual so notified to make required payments in connection with the filing of his tax return. Requires the Secretary to assess and collect any amounts not paid as required after such notice in the same manner, with the same powers, and subject to the same limitations as if such amounts were a tax the collection of which would be jeopardized by delay. Amends title IV of the Higher Education Act of 1965 to require the Secretary of Education to refer to the Secretary a list of all borrowers found to be in default for at least six months on student loans which are made, insured, or guaranteed by the Federal Government.

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1 official file

• Introduced in Senate

  summary · EN · 1 October 1982

  Open at official source

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