Terminating exemption from Debt Collection Improvement Act

(a) Termination of authority To exempt student loans from the Debt Collection Improvement Act Beginning on the effective date of the transfers required under paragraph (1) of section 2(a) (as determined in accordance with section 2(b)), delinquent or defaulted Federal student loan debt may not be subject to an exemption under paragraph (2)(B) of section 3711(g) of title 31, United States Code, from the requirement under paragraph (1) of such section. (b) Definitions In this Act: (1) Delinquent or defaulted The term delinquent or defaulted, when used with respect to student loan debt, means debt that is considered delinquent or in default in accordance with the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.). (2) Student loan debt The term student loan debt means any debt under part B, D, or E of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), or any debt that arises from a Health Education Assistance Loan as provided in part A of title VII of the Public Health Service Act (42 U.S.C. 292 et seq.), that is assigned to or otherwise held by the Secretary of Education.