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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 1464 Maturity of loans; interest rate; interest deferral on educational loans us united_states_code code_section 25 INDIANS 17 FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS 1464 25 U.S.C. § 1464 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s1464 data/legal/raw/us/code/title-25/usc25.xml 8b98d067799b21ba4de7b3207e7bf2bb687d41dddd6ec236cecb6950a67cde40 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 0814168457fd72679d5c71c568cc7822247279c66d8eee2c728a11db3a6779c1 2026-07-04 official
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25 U.S.C. § 1464 - Maturity of loans; interest rate; interest deferral on educational loans

Text

Loans shall be for terms that do not exceed thirty years and shall bear interest at (a) a rate determined by the Secretary of the Treasury taking into consideration the market yield on municipal bonds: Provided, That in no event shall the rate be greater than the rate determined by the Secretary of the Treasury taking into consideration the current average yield on outstanding marketable obligations of the United States of comparable maturity, plus (b) such additional charge, if any, toward covering other costs of the program as the Secretary may determine to be consistent with its purpose: Provided, That educational loans may provide for interest to be deferred while the borrower is in school or in the military service.

(Pub. L. 93262, title I, § 104, Apr. 12, 1974, 88 Stat. 78.)