20 USC § 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund

---
identifier: "/us/usc/t20/s1087gg"
source: "usc"
legal_status: "official_prima_facie"
title: "20 USC § 1087gg - Collection of defaulted loans: Perkins Loan Revolving Fund"
title_number: 20
title_name: "EDUCATION"
section_number: "1087gg"
section_name: "Collection of defaulted loans: Perkins Loan Revolving Fund"
chapter_number: 28
chapter_name: "HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE"
subchapter_number: "IV"
subchapter_name: "STUDENT ASSISTANCE"
part_number: "E"
part_name: "Federal Perkins Loans"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 89–329, title IV, § 467, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1453; amended Pub. L. 102–325, title IV, § 467, July 23, 1992, 106 Stat. 584; Pub. L. 105–244, title IV, § 467(a), Oct. 7, 1998, 112 Stat. 1728; Pub. L. 111–39, title IV, § 405(6), July 1, 2009, 123 Stat. 1947.)"
---


# § 1087gg. Collection of defaulted loans: Perkins Loan Revolving Fund

**(a)** **Authority of Secretary to collect referred, transferred, or assigned loans** With respect to any loan—

the Secretary is authorized to attempt to collect such loan by any means authorized by law for collecting claims of the United States (including referral to the Attorney General for litigation) and under such terms and conditions as the Secretary may prescribe, including reimbursement for expenses reasonably incurred in attempting such collection.

**(1)** which was made under this part, and

**(2)** which is referred, transferred, or assigned to the Secretary by an institution with an agreement under section 1087cc(a) of this title,

**(b)** **Collection of referred, transferred, or assigned loans** section 1087cc(a) of this title

The Secretary shall continue to attempt to collect any loan referred, transferred, or assigned under paragraph (4) or (5) of  until all appropriate collection efforts, as determined by the Secretary, have been expended.

---

**Source Credit**: (Pub. L. 89–329, title IV, § 467, as added Pub. L. 99–498, title IV, § 405(a), Oct. 17, 1986, 100 Stat. 1453; amended Pub. L. 102–325, title IV, § 467, July 23, 1992, 106 Stat. 584; Pub. L. 105–244, title IV, § 467(a), Oct. 7, 1998, 112 Stat. 1728; Pub. L. 111–39, title IV, § 405(6), July 1, 2009, 123 Stat. 1947.)

## Editorial Notes

### Prior Provisions

A prior section 1087gg, , as added , , ; amended , title XIII, § 1391(a)(1), , , 1503; , , , related to collection of defaulted loans, prior to the general revision of this part by .

### Amendments

2009—Subsec. (b).  substituted “paragraph (4) or (5)” for “paragraph (5)(A), (5)(B)(i), or (6)”.

1998—Subsec. (c).  struck out heading and text of subsec. (c) which established the Perkins Loan Revolving Fund and provided for deposits into and payments from the Fund.

1992— amended section catchline generally, inserting “: Perkins Loan Revolving Fund” after “loans” and added subsec. (c).

## Statutory Notes and Related Subsidiaries

### Effective Date of 2009 Amendment

Amendment by  effective as if enacted on the date of enactment of  (), see , set out as a note under .

### Effective Date of 1998 Amendment

Amendment by  effective , except as otherwise provided in , see , set out as a note under .

### Effective Date of 1992 Amendment

Amendment by  to this section, relating to creation of Perkins Loan Revolving Fund, effective , see , set out as a note under .

### Transfer of Balance

> “Any funds in the Perkins Loan Revolving Fund on the date of enactment of this Act [
> 
> ] shall be transferred to and deposited in the Treasury.”

, , , provided that: