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42 U.S. Code § 292q

Agreements for operation of school loan funds

42 U.S. Code § 292q. Agreements for operation of school loan funds

(a) Fund agreements
The Secretary is authorized to enter into an agreement for the establishment and operation of a student loan fund in accordance with this subpart with any public or other nonprofit school of medicine, osteopathic medicine, dentistry, pharmacy, podiatric medicine, optometry, or veterinary medicine.
(b) RequirementsEach agreement entered into under this section shall—
(1)
provide for establishment of a student loan fund by the school;
(2) provide for deposit in the fund of—
(A)
the Federal capital contributions to the fund;
(B)
an amount equal to not less than one-ninth of such Federal capital contributions, contributed by such institution;
(C)
collections of principal and interest on loans made from the fund;
(D)
collections pursuant to section 292r(j) of this title; and
(E)
any other earnings of the fund;
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