Health Professions Amendments of 1985

[AI summary unavailable — showing source text] Health Professions Amendments of 1985 - Amends the Public Health Service Act to extend the authorization of appropriations through FY 1988 for the Federal health education loan insurance program. Reduces the annual and aggregate limits on individual federally insured loans by any amount received as a scholarship under the National Health Service Corps Scholarship Program or any program administered by the Department of Defense. Provides that student loan deferrals for residency programs shall not exceed four years. States that certain deferral periods shall be included in determining the 33-year repayment period for student loans under such Act. Removes the two percent per year ceiling on insurance for loans. Allows the Secretary of Health and Human Services to use the Student Loan Insurance Fund for the collection of defaulted student loans. Provides that health professions student loans, and nursing student loans, shall be available only to students of exceptional financial need. Permits schools to assess a charge to cover the costs of insuring against cancellation of such loans. Directs schools to assess a charge for non-payment of a loan installment. Authorizes the Secretary to…