,,ii #aadth ,,congress #ast ,session ,s4 #ajh ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #g1 #bjae ,mr4 ,alexander 7for himself1 ,mr4 ,bennet1 ,mr4 ,burr1 ,mr4 ,king1 ,mr4 ,isakson1 and ,mr4 ,booker7 introduced the following bill2 which was read twice and referred to the ,committee on ,health1 ,education1 ,labor1 and ,pensions ,a ,,bill ,to amend the ,higher ,education ,act of #aife to improve access for students to ,federal grants and loans to help pay for postsecondary1 graduate1 and professional educational opportunities1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,financial ,aid ,simplification and ,transparency ,act of #bjae4 #b4 ,references ,except as otherwise specifically provided1 whenever in this ,act a section or other provision is amended or repealed1 such amendment or repeal shall be considered to be made to that section or other provision of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja et seq474 #c4 ,statement of purpose ,the purpose of this ,act is to simplify the ,federal student aid programs in order to provide-- 7#a7 access to postsecondary education for students and families2 and 7#b7 information that will allow students and families to make better consumer choices4 #d4 ,definitions2 ,special rule for parent borrowers ,part ,a of title ,,iv 7#bj ,u4,s4,c4 #ajgj et seq47 is amended1 in the matter preceding subpart #a1 by striking section #djj and inserting the following3 #djj4 ,definitions2 ,special rule for parent borrowers 7a7 ,definitions ,in part ,a and part ,f3 7#a7 ,cost of attendance ,the term cost of attendance means-- 7,a7 tuition and fees normally assessed a student carrying the same academic workload as determined by the institution1 and including costs for rental or purchase of any equipment1 materials1 or supplies required of all students in the same course of study2 7,b7 an allowance for books1 supplies1 transportation1 and miscellaneous personal expenses1 including a reasonable allowance for the documented rental or purchase of a personal computer1 for a student attending the institution on at least a half-time basis1 as determined by the institution2 7,c7 an allowance 7as determined by the institution7 for room and board costs incurred by the student which-- 7i7 shall be an allowance determined by the institution for a student without dependents residing at home with parents2 7ii7 for students without dependents residing in institutionally owned or operated housing1 shall be a standard allowance determined by the institution based on the amount normally assessed most of its residents for room and board2 7iii7 for students who live in housing located on a military base or for which a basic allowance is provided under section #djc7;b7 of title #cg1 ,united ,states ,code1 shall be an allowance based on the expenses reasonably incurred by such students for board but not for room2 and 7iv7 for all other students shall be an allowance based on the expenses reasonably incurred by such students for room and board2 7,d7 for less than half-time students 7as determined by the institution71 tuition and fees and an allowance for only-- 7i7 books1 supplies1 and transportation 7as determined by the institution72 7ii7 dependent care expenses 7determined in accordance with subparagraph 7,h772 and 7iii7 room and board costs 7determined in accordance with subparagraph 7,c771 except that a student may receive an allowance for such costs under this subparagraph for not more than #c semesters or the equivalent1 of which not more than #b semesters or the equivalent may be consecutive2 7,e7 for a student engaged in a program of study by correspondence1 only tuition and fees and1 if required1 books and supplies1 travel1 and room and board costs incurred specifically in fulfilling a required period of residential training2 7,f7 for incarcerated students only tuition and fees and1 if required1 books and supplies2 7,g7 for a student enrolled in an academic program in a program of study abroad approved for credit by the student's home institution1 reasonable costs associated with such study 7as determined by the institution at which such student is enrolled72 7,h7 for a student with one or more dependents1 an allowance based on the estimated actual expenses incurred for such dependent care1 based on the number and age of such dependents1 except that-- 7i7 such allowance shall not exceed the reasonable cost in the community in which such student resides for the kind of care provided2 and 7ii7 the period for which dependent care is required includes1 but is not limited to1 class-time1 study-time1 field work1 internships1 and commuting time2 7,i7 for a student with a disability1 an allowance 7as determined by the institution7 for those expenses related to the student's disability1 including special services1 personal assistance1 transportation1 equipment1 and supplies that are reasonably incurred and not provided for by other assisting agencies2 7,j7 for a student receiving all or part of the student's instruction by means of telecommunications technology1 no distinction shall be made with respect to the mode of instruction in determining costs2 7,k7 for a student engaged in a work experience under a cooperative education program1 an allowance for reasonable costs associated with such employment 7as determined by the institution72 7,l7 for a student who receives a loan under this or any other ,federal law1 or1 at the option of the institution1 a conventional student loan incurred by the student to cover a student's cost of attendance at the institution1 an allowance for the actual cost of any loan fee1 origination fee1 or insurance premium charged to such student or such parent on such loan1 or the average cost of any such fee or premium charged by the ,secretary1 lender1 or guaranty agency making or insuring such loan1 as the case may be2 and 7,m7 at the option of the institution1 for a student in a program requiring professional licensure or certification1 the one-time cost of obtaining the first professional credentials 7as determined by the institution74 7#b7 ,eligible student ,the term eligible student means an individual who-- 7,a7 is enrolled or accepted for enrollment in a program of study at an eligible institution of higher education leading to a degree1 certificate1 or credential issued by such institution2 7,b7 in the case of a student who is enrolled at an eligible institution1 is maintaining satisfactory academic progress in the program of study the student is pursuing while attending the institution 7as defined in accordance with section #dhd7;c772 7,c7 does not owe a refund on grants previously received at any institution under this title2 7,d7 is not in a default status on any loan made1 insured1 or guaranteed by the ,secretary under this title for attendance at any institution2 and 7,e7 is a citizen or national of the ,united ,states1 a permanent resident of the ,united ,states1 or able to provide evidence from ,immigration and ,customs ,enforcement that he or she is in the ,united ,states for other than a temporary purpose with the intention of becoming a citizen or permanent resident4 7#c7 ,means-tested ,federal benefit program ,the term means-tested ,federal benefit program means any of the following mandatory spending programs of the ,federal ,government3 7,a7 ,the supplemental security income program established under title ,,xvi of the ,social ,security ,act 7#db ,u4,s4,c4 #acha et seq474 7,b7 ,the supplemental nutrition assistance program established under the ,food and ,nutrition ,act of #bjjh 7#g ,u4,s4,c4 #bjaa et seq474 7,c7 ,the free and reduced price school lunch program established under the ,richard ,b4 ,russell ,national ,school ,lunch ,act 7#db ,u4,s4,c4 #agea et seq474 7,d7 ,the program of block grants to ,states for temporary assistance for needy families program established under part ,a of title ,,iv of the ,social ,security ,act 7#db ,u4,s4,c4 #fja et seq474 7,e7 ,the special supplemental nutrition program for women1 infants1 and children established by section #ag of the ,child ,nutrition ,act of #aiff 7#db ,u4,s4,c4 #aghf74 7#d7 ,graduate or professional student ,the term graduate or professional student means a student who has received a baccalaureate degree and is enrolled in a program of study requiring a baccalaureate degree as a condition of that enrollment4 7b7 ,special ,rule for parent borrowers ,whenever necessary to carry out the provisions of part ,a or ,f1 the terms student and borrower shall include a parent borrower4 #djj;,a4 ,simplified ,application for ,federal ,pell ,grants and ,loans under ,part ,a and ,part ,f 7a7 ,in general ,each individual desiring to apply for ,federal financial aid under this title for any year shall file an application with the ,secretary to determine eligibility for aid as described in subsection 7b74 7b7 ,free application 7#a7 ,in general ,the ,secretary shall make available1 for the purposes of subsection 7a71 a free application to determine the eligibility of a student for a ,federal ,pell ,grant under section #dja or a ,federal loan under part ,f based-- 7,a7 in the case of a ,federal ,pell ,grant1 on the adjusted gross income and family size of a student applicant1 as described under section #dja7;b72 and 7,b7 in the case of a loan1 on the maximum amount allowed as determined under section #dgj7;e77#d77;,b74 7#b7 ,information required of the applicant ,the ,secretary shall request the following information in order to determine an applicant's eligibility for ,federal student aid3 7,a7 ,for the purposes of attaining a ,federal ,pell ,grant-- 7i7 the applicant's name and address2 7ii7 the applicant's social security number2 7iii7 the applicant's date of birth2 7iv7 in the case of an applicant who filed taxes1 or an applicant whose parent or spouse 7as applicable7 filed taxes1 in the year prior to the current prior year tax filing 7as determined by the date of enrollment71 income and family size information1 which shall be retrieved from the ,internal ,revenue ,service2 and 7v7 in the case of an applicant who did not file taxes1 and whose parent or spouse 7as applicable7 did not file taxes1 in the year prior to the current prior year tax filing 7as determined by the date of enrollment71 income and family size information1 which shall be reported by the applicant4 7,b7 ,for the purpose of attaining a ,federal loan1 the applicant's-- 7i7 name and address2 7ii7 social security number2 7iii7 date of birth2 and 7iv7 if the applicant so chooses1 a list of institutions of higher education that the applicant is interested in attending4 7#c7 ,information to be supplied by the ,secretary ,upon receiving and timely processing an application described under paragraph 7#a71 the ,secretary will provide to only the applicant1 the following information3 7,a7 ,if the applicant applied for a ,federal ,pell ,grant1 the amount of the applicant's ,federal ,pell ,grant award4 7,b7 ,if the applicant applied for a ,federal loan under section #dgj1 the amount of the ,federal loan that the applicant may receive if the applicant chooses1 and the following information3 7i7 ,if the interest rate on the loan has been determined at the time such information is provided1 the interest rate on the loan4 7ii7 ,if the interest rate on the loan has not been determined at the time such information is provided1 the current interest rate and a statement that the interest rate is subject to change4 7iii7 ,the monthly amount that the applicant would be required to repay if the applicant chooses to accept the loan1 based on-- 7,i7 the amount of the ,federal loan under section #dgj that the applicant may choose to receive2 and 7,,ii7 payment of such loan on a #aj-year repayment plan4 7iv7 ,the monthly amount that the applicant would be required to repay if the applicant chooses to accept a loan of the same amount and paid according to the same repayment plan as described in clause 7iii7-- 7,i7 if the applicant were to attend a program #b years in length2 and 7,,ii7 if the applicant were to attend a program #d years in length4 7v7 ,the monthly amount that the applicant would be required to repay if the applicant chooses to accept the loan1 based on-- 7,i7 the amount of the ,federal loan under section #dgj that the applicant may choose to receive2 and 7,,ii7 payment of such loan according to the income-based repayment plan1 reflecting not less than #e different income levels4 7vi7 ,the monthly amount 7based on not less than #e different income levels7 that the applicant would be required to repay if the applicant chooses to accept a loan of the same amount and paid according to the same repayment plan as described in clause 7v7-- 7,i7 if the applicant were to attend a program #b years in length2 and 7,,ii7 if the applicant were to attend a program #d years in length4 4 #e4 ,one grant program ,part ,a of title ,,iv of the ,act 7#bj ,u4,s4,c4 #ajgj et seq47 is further amended-- 7#a7 in subpart #a1 by striking sections #dja and #dja;,a and inserting the following3 #dja4 ,federal ,pell ,grants 7a7 ,program authority and method of distribution 7#a7 ,in general ,grants made under this subpart shall be known as ,federal ,pell ,grants4 7#b7 ,program authorized ,for each of fiscal years #bjaf through #bjbb1 the ,secretary shall pay to each eligible institution such sums as may be necessary to pay to each eligible student1 as defined in accordance with section #djj7;a71 for each academic year during which that student is in attendance at an institution of higher education1 as an undergraduate1 a ,federal ,pell ,grant in the amount for which that student is eligible1 as determined pursuant to subsection 7b74 7#c7 ,method of distribution ,the ,secretary shall provide funds to each eligible institution of higher education in an accurate and timely manner based upon an amount requested by the institution for eligible students at that institution that have submitted an approved application in accordance with subsection 7d74 7b7 ,purpose and amount of grant 7#a7 ,purpose ,the purpose of this part is to assist in making available the benefits of postsecondary education to eligible students in institutions of higher education by providing ,federal ,pell ,grants to all eligible students4 7#b7 ,determination of amount 7,a7 ,qualification for ,federal ,pell ,grant award ,an eligible student shall automatically qualify to receive a ,federal ,pell ,grant award1 which shall be determined in accordance with subparagraph 7,b77ii7 if the student or the student's family received benefits at some time during the previous #bd-month period under a means-tested ,federal benefit program1 as defined in section #djj4 7,b7 ,award amount 7i7 ,award year #bjae ,an eligible student shall receive a ,federal ,pell ,grant award for award year #bjae in an amount determined in accordance with clause 7ii74 7ii7 ,calculation of individual award amount 7,i7 ,for family size of #a3 #bjac ,a,g,i,pell ,award#j-aa1fgje1gcjaa1fga-ab1hcge1chjab 1hch-ad1jjdd1hijad1jje-ae1agad1djjae1agb -af1cchc1iajaf1cci-ag1ejec1dbjag1ejf-ah1 fgbb1icjah1fgc-ai1hcib1ddjai1hdj-ba1jjfa 1iejba1jjg-bb1agca1dfjbb1agd-bc1cdjigj4 7,,ii7 ,for family size of #b3 #bjac ,a,g,i,pell ,award#j-ae1gcje1gcjae1gca-ag1cjce1ejeag 1cjd-ah1hgfe1bceah1hgg-bj1ddid1ifebj1dej -bb1jbbd1fiebb1jbc-bc1eied1dbebc1eif-be1 afhd1aeebe1afi-bf1gdac1hhebf1gdb-bh1cadc 1faebh1cae-bi1hhgc1cdebi1hhh-ca1dfjc1jge ca1dfa-cc1jccc1acjcc1jcd-cd1fjfb1hijcd1f jg-cf1agib1fejcf1ahj-cg1gebb1dajcg1gec-c i1cbeb1agj4 7,,iii7 ,for family size of #c3 #bjac ,a,g,i,pell ,award#j-ai1gije1gcjai1gia-ba1gfie1eeeba 1ggj-bc1gdhe1cdebc1gdi-be1gbge1acebe1gbh -bg1gjfd1ibebg1gjg-bi1fhed1gaebi1fhf-ca1 ffdd1ejeca1ffe-cc1fdcd1biecc1fdd-ce1fbbd 1jhece1fbc-cg1fjac1hgecg1fjb-ci1ehjc1ffe ci1eha-da1eeic1acjda1efj-dc1echb1hijdc1e ci-de1eagb1fejde1eah-dg1difb1dajdg1dig-d i1dgeb1agj4 7,,iv7 ,for family size of #d3 #bjac ,a,g,i,pell ,award#j-bc1heje1gcjbc1hea-bf1bcee1eeebf 1bcf-bh1fbje1cdebh1fba-ca1jjee1aceca1jjf -cc1cijd1ibecc1cia-ce1gged1gaece1ggf-ch1 afjd1ejech1afa-dj1eded1biedj1edf-db1icjd 1jhedb1ica-de1caec1hgede1caf-dg1gjjc1ffe dg1gja-ej1jhec1acjej1jhf-eb1dgjb1hijeb1d ga-ed1heeb1fejed1hef-eg1bdjb1dajeg1bda-e i1fbeb1agj4 7,v7 ,for family size of #e3 #bjac ,a,g,i,pell ,award#j-bg1iaje1gcjbg1iaa-cj1gjae1ecjcj 1gjb-cc1dibe1bijcc1dic-cf1bhce1jejcf1bhd -ci1jgdd1hajci1jge-da1hfed1egjda1hff-dd1 fefd1ccjdd1feg-dg1ddgd1jijdg1ddh-ej1bchc 1hejej1bci-ec1jbic1fajec1jcj-ee1hbjc1cgj ee1hba-eh1faac1acjeh1fab-fa1djbb1hijfa1d jc-fd1aicb1fejfd1aid-ff1ihdb1dajff1ihe-f i1ggeb1agj4 7,,vi7 ,for family size of #f3 #bjac ,a,g,i,pell ,award#j-ca1igje1gcjca1iga-ce1afge1ecjce 1afh-ch1cfde1bijch1cfe-da1efae1jejda1efb -dd1gehd1hajdd1gei-dg1ieed1egjdg1ief-ea1 aebd1ccjea1aec-ed1cdid1jijed1cej-eg1edfc 1hejeg1edg-fj1gdcc1fajfj1gdd-fc1idjc1cgj fc1ida-fg1acgc1acjfg1ach-gj1ccdb1hijgj1c ce-gc1ecab1fejgc1ecb-gf1gbhb1dajgf1gbi-g i1ibeb1agj4 7,,vii7 ,for family size of #g3 #bjac ,a,g,i,pell ,award#j-cf1jcje1gcjcf1jca-ci1fcce1ecjci 1fcd-dc1bcfe1bijdc1bcg-df1hcie1jejdf1hdj -ej1ddbd1haj #ej1ddc-ed1jded1egj #ed1jdf-eg1fdhd1ccj #eg1fdi-fa1bead1jij #fa1beb-fd1hedc1hej #fd1hee-fh1degc1faj #fh1deh-gb1jfjc1cgj #gb1jfa-ge1ffcc1acjge1ffd-gi1bffb1hijgi1 bfg-hb1hfib1fejhb1hgj-hf1dgbb1dajhf1dgc- ij1jgeb1agj4 7,,viii7 ,for family size of #h or more3 #bjac ,a,g,i,pell ,award#j-dj1ijie1gcjdj1iaj-de1jjje1ejede 1jja-di1jiae1bcedi1jib-ec1ahbd1idcec1ahc -eg1bgcd1fbheg1bgd-fa1cfdd1bijfa1cfe-fe1 dedc1iecfe1dee-fi1edec1faefi1edf-gc1fcfc 1bghgc1fcg-gg1gbgb1idjgg1gbh-ha1hahb1fjc ha1hai-he1ijic1acjhe1iaj-ij1jjjb1hijij1j ja-id1jiab1fejid1jib-ih1ahbb1dajih1ahb-a jb1bgcb1agj4 7iii7 ,subsequent award years ,for each award year subsequent to #bjae1 the dollar amounts in the table under clause 7ii7 shall be adjusted 7rounded to the nearest dollar7 by the percentage by which-- 7,i7 the maximum ,federal ,pell ,grant award amount calculated in accordance with subparagraph 7,c77i71 exceeds or decreases below 7,,ii7 #egcj4 7,c7 ,maximum amount of ,federal ,pell ,grant award 7i7 ,in ,general ,the maximum amount of the ,federal ,pell ,grant for a student eligible under this part shall be-- 7,i7 the maximum ,federal ,pell ,grant1 as specified in the last enacted appropriation ,act applicable to that award year1 plus 7,,ii7 the amount of the increase calculated under clause 7ii7 for that year4 7ii7 ,additional funds ,there are authorized to be appropriated1 and there are appropriated 7in addition to any other amounts appropriated to carry out this section and out of any money in the ,treasury not otherwise appropriated7 the following amounts-- 7,i7 to carry out clause 7iii71 such sums as may be necessary for fiscal year #bjaj and each subsequent fiscal year to provide the amount of increase of the maximum ,federal ,pell ,grant required by clause 7iii72 and 7,,ii7 to carry out this section-- 7aa7 #j for fiscal year #bjae2 7bb7 #j for fiscal year #bjaf2 7cc7 #a1egd1jjj1jjj for fiscal year #bjag2 7dd7 #a1chb1jjj1jjj for fiscal year #bjah2 7ee7 #a1dji1jjj1jjj for fiscal year #bjai2 7ff7 #a1dcj1jjj1jjj for fiscal year #bjbj2 and 7gg7 #a1ade1jjj1jjj for fiscal year #bjba and each succeeding fiscal year4 7iii7 ,increase in ,federal ,pell ,grants ,the amounts made available pursuant to clause 7ii77,i7 shall be used to increase the amount of the maximum ,federal ,pell ,grant for which a student shall be eligible during an award year1 as specified in the last enacted appropriation ,act applicable to that award year1 by the amount determined under clause 7iv7 for each succeeding award year4 7iv7 ,adjustment ,amounts 7,i7 ,award years #bjae-bjaf through #bjag-bjah ,for each of the award years #bjae-bjaf through #bjag-bjah1 the amount determined under this clause for purposes of clause 7iii7 shall be equal to-- 7aa7 the total maximum ,federal ,pell ,grant for the preceding award year 7as determined under subclause 7,,iv771 increased by a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined1 reduced by 7bb7 #d1hfj or the maximum ,federal ,pell ,grant for which a student was eligible for the preceding award year1 as specified in the last enacted appropriation ,act applicable to that year1 whichever is greater1 and 7cc7 rounded to the nearest #e4 7,,ii7 ,subsequent award years ,for award year #bjah-bjai and each subsequent award year1 the amount determined under this clause for purposes of clause 7iii7 shall be equal to the amount determined under subclause 7,,iv7 for award year #bjag-bjah4 7,,iii7 ,annual adjustment percentage ,for purposes of this clause1 the term annual adjustment percentage as applied to an award year1 is equal to the estimated percentage change in the ,consumer ,price ,index 7as determined by the ,secretary1 using the definition in section #dgh7;f77 for the most recent calendar year ending prior to the beginning of that award year4 7,,iv7 ,total maximum ,federal ,pell ,grant ,for purposes of this clause1 the term total maximum ,federal ,pell ,grant as applied to a preceding award year1 is equal to the sum of-- 7aa7 the maximum ,federal ,pell ,grant for which a student is eligible during an award year1 as specified in the last enacted appropriation ,act applicable to that preceding award year2 and 7bb7 the amount of the increase in the maximum ,federal ,pell ,grant required by this subparagraph for that preceding award year4 7v7 ,program requirements and operations otherwise unaffected ,except as provided in clauses 7iii7 and 7iv71 nothing in this subparagraph shall be construed to alter the requirements and operations of the ,federal ,pell ,grant ,program as authorized under this section1 or authorize the imposition of additional requirements or operations for the determination and allocation of ,federal ,pell ,grants under this section4 7vi7 ,ratable increases and decreases ,the amounts specified in clause 7iii7 shall be ratably increased or decreased to the extent that funds available under clause 7ii7 exceed or are less than 7respectively7 the amount required to provide the amounts specified in clause 7iii74 7vii7 ,availability of funds ,the amounts made available by clause 7ii7 for any fiscal year shall be available beginning on ,october #a of that fiscal year1 and shall remain available through ,september #cj of the succeeding fiscal year4 7,d7 ,exception ,nothing in this part shall be interpreted as limiting the authority of the financial aid administrator1 on the basis of adequate documentation1 to make adjustments on a case-by-case basis to the values of the data items required to calculate the amount of a ,federal ,pell ,grant award as described under subparagraph 7,b7 to allow only for treatment of an individual eligible applicant with a change in family income or family size4 7,e7 ,limitations 7i7 ,part-time students ,in any case where a student attends an institution of higher education on less than a full-time basis 7including a student who attends an institution of higher education on less than a half-time basis7 during any academic year1 the amount of the ,federal ,pell ,grant to which that student is entitled shall be reduced in proportion to the degree to which that student is not so attending on a full-time basis in accordance with a schedule of reductions established by the ,secretary for the purposes of this clause1 computed in accordance with this subpart4 7ii7 ,cost of attendance ,no ,federal ,pell ,grant under this subpart shall exceed the cost of attendance at the institution at which that student is in attendance4 7iii7 ,incarceration ,no ,federal ,pell ,grant shall be awarded under this subpart to any individual who is incarcerated in any ,federal or ,state penal institution or who is subject to an involuntary civil commitment upon completion of a period of incarceration for a forcible or nonforcible sexual offense 7as determined in accordance with the ,federal ,bureau of ,investigation's ,uniform ,crime ,reporting ,program74 7c7 ,period of eligibility for grants 7#a7 ,in general ,the period during which a student may receive ,federal ,pell ,grants shall be the period required for the completion of the first undergraduate baccalaureate program of study being pursued by that student at the institution at which the student is in attendance1 except that any period during which the student is enrolled in a non-credit or remedial program of study as defined in paragraph 7#b7 shall not be counted for the purpose of this paragraph4 7#b7 ,non-credit or remedial coursework and study abroad programs ,nothing in this section shall exclude from eligibility-- 7,a7 programs of study which are non-credit or remedial in nature 7including courses in ,english language instruction7 which are determined by the institution to be necessary to help the student be prepared for the pursuit of a first undergraduate baccalaureate degree or certificate or1 in the case of courses in ,english language instruction1 to be necessary to enable the student to utilize already existing knowledge1 training1 or skills2 or 7,b7 programs of study abroad that are approved for credit by the home institution at which the student is enrolled4 7#c7 ,limitation ,no student is entitled to receive ,federal ,pell ,grant payments concurrently from more than one institution4 7#d7 ,exceptions ,notwithstanding paragraph 7#a71 the ,secretary may allow1 on a case-by-case basis1 a student to receive a basic grant if the student-- 7,a7 is carrying at least one-half the normal full-time work load for the program of study the student is pursuing1 as determined by the institution of higher education2 and 7,b7 is enrolled or accepted for enrollment in a postbaccalaureate program that does not lead to a graduate degree1 and in courses required by a ,state in order for the student to receive a professional certification or licensing credential that is required for employment as a teacher in an elementary school or secondary school in that ,state1 except that this paragraph shall not apply to a student who is enrolled in an institution of higher education that offers a baccalaureate degree in education4 7#e7 ,annual award 7,a7 ,in general ,the period during which a student may receive ,federal ,pell ,grants shall not exceed #ab semesters1 or the equivalent of #ab semesters1 as determined by the ,secretary by regulation4 ,such regulation shall provide1 with respect to a student who received a ,federal ,pell ,grant for a semester and was enrolled on a less than full-time basis during that semester1 that only a fraction of such semester shall count towards the semester limit described in this subparagraph4 7,b7 ,exceptions for accelerated completion 7i7 ,accelerated ,coursework ,an eligible student who completes coursework equivalent to one academic year before the end of an award year and has exhausted the ,federal ,pell ,grant award funding for which that student is eligible for such award year may receive all1 or a portion of1 the ,federal ,pell ,grant funds that the student would otherwise be eligible to receive in the next award year to pay additional tuition and fees charged to the student due to enrolling in additional courses during such award year4 ,a student who receives all1 or a portion1 of such ,federal ,pell ,grant funds for the next award year in accordance with this clause shall not have the amount of ,federal ,pell ,grant funds reduced in that next award year due to such accelerated coursework4 7ii7 #b ,pell ,grants in a single award year 7,i7 #b ,pell ,grants in a single award year ,in addition to the exception described in clause 7i71 the ,secretary shall award an eligible student who has not completed coursework equivalent to one academic year before the end of an award year not more than #b ,federal ,pell ,grants during a single award year to permit such student to complete academic progress for that award year so that the student may receive a degree or certificate on time4 ,such eligible student may earn academic credits exceeding the minimum number of credits needed to maintain academic progress toward receiving a degree or certificate on time1 if those credits are earned in the course of pursuing academic progress for on time completion of a degree or certificate4 7,,ii7 ,exception to annual ,pell ,grant limit ,in the case of a student receiving more than #a ,federal ,pell ,grant in a single award year under subclause 7,i71 the total amount of ,federal ,pell ,grants awarded to such student for the award year may exceed the maximum basic grant level calculated in accordance with subsection 7b77#b77;,c77i7 for such award year1 but shall not exceed an amount equal to #aej percent of such maximum basic grant level4 7,,iii7 ,inclusion in duration limit ,any period of study covered by a ,federal ,pell ,grant awarded under this clause shall be included in determining a student's duration limit under subparagraph 7,a74 7d7 ,application for grants ,the ,secretary shall from time to time set dates by which students shall file applications for ,federal ,pell ,grants under this subpart4 ,each student desiring a ,federal ,pell ,grant for any year shall file an application with the ,secretary to determine eligibility for an award as described in section #djj;,a4 7e7 ,distribution of grants to students 7#a7 ,in general ,payments under this section shall be made in accordance with regulations promulgated by the ,secretary for such purpose1 in such manner as will best accomplish the purpose of this section4 7#b7 ,limitations ,any disbursement allowed to be made by crediting the student's account shall be limited to tuition and fees and1 in the case of institutionally owned housing1 room and board4 7#c7 ,exception ,a student may elect to have the institution provide other such goods and services by crediting the student's account4 7f7 ,treatment of institutions and students under other laws ,any institution of higher education which enters into an agreement with the ,secretary to disburse to students attending that institution the amounts those students are eligible to receive under this subpart shall not be deemed1 by virtue of such agreement1 a contractor maintaining a system of records to accomplish a function of the ,secretary4 ,recipients of ,federal ,pell ,grants shall not be considered to be individual grantees for purposes of subtitle ,d of title ,v of ,public ,law #ajj-fij4 7g7 ,insufficient appropriations ,if1 for any fiscal year1 the funds appropriated for payments under this subpart are insufficient to satisfy fully all entitlements1 as calculated under subsection 7b7 7but at the maximum grant level specified in such appropriation71 the ,secretary shall promptly transmit a notice of such insufficiency to each ,house of the ,congress1 and identify in such notice the additional amount that would be required to be appropriated to satisfy fully all entitlements 7as so calculated at such maximum grant level74 7h7 ,use of excess funds ,if1 at the end of a fiscal year1 the funds available for making payments under this subpart exceed the amount necessary to make the payments required under this subpart to eligible students1 then all of the excess funds shall remain available for making payments under this subpart during the next succeeding fiscal year4 2 7#b7 by striking subparts #c1 #d1 and #f2 and 7#c7 by redesignating subparts #e1 #g1 #i1 and #aj as subparts #c1 #d1 #e1 and #f1 respectively4 #f4 ,one loan program ,title ,,iv of the ,act 7#bj ,u4,s4,c4 #ajgj et seq47 is further amended-- 7#a7 in section #dea7;a71 by inserting 1 and ending on the ,june #cj following the date of enactment of the ,financial ,aid ,simplification and ,transparency ,act of #bjae after during the period beginning ,july #a1 #aiid2 and 7#b7 by striking part ,f and inserting the following3 ,f ,one loan program #dgj4 ,loans to students and families for postsecondary and graduate education 7a7 ,program authorized 7#a7 ,in general ,there are hereby made available1 in accordance with the provisions of this part1 such sums as may be necessary to make loans 7including consolidation loans1 as described in subsection 7f77 to all eligible students 7and the eligible parents of such students7 in attendance at participating institutions of higher education1 to enable such students to pursue their programs of study at such institutions during the period beginning on the ,july #a after the date of enactment of the ,financial ,aid ,simplification and ,transparency ,act of #bjae4 7#b7 ,loan origination ,loans made under this part shall be made by participating institutions1 or consortia thereof1 that have agreements with the ,secretary to originate loans1 or by alternative originators designated by the ,secretary to make loans for students in attendance at participating institutions4 7b7 ,funds for origination 7#a7 ,in ,general ,the ,secretary shall provide1 on the basis of the estimated loan amount determined under subsection 7e77#d7 and the eligibility of students at each participating institution1 and parents of such students1 for such loans1 funds for student and parent loans under this part directly to an institution of higher education that has an agreement with the ,secretary under subsection 7d77#a7 to participate in the student loan programs under this part and that also has an agreement with the ,secretary under subsection 7d77#b7 to originate loans under this part4 7#b7 ,no entitlement to participate or originate ,no institution of higher education shall have a right to participate in the program authorized by this part1 to originate loans1 or to perform any program function under this part4 ,nothing in this paragraph shall be construed so as to limit the entitlement of an eligible student attending a participating institution 7or the eligible parent of such student7 to borrow under this part4 7#c7 ,delivery of ,loan ,funds ,loan funds shall be paid and delivered to an institution by the ,secretary prior to the beginning of the payment period established by the ,secretary in a manner that is consistent with payment and delivery of ,federal ,pell ,grants under subpart #a of part ,a of this title4 7#d7 ,institutions outside the ,united ,states ,loan funds for students 7and parents of students7 attending institutions outside the ,united ,states shall be disbursed through a financial institution located or operating in the ,united ,states and designated by the ,secretary to serve as the agent of such institutions with respect to the receipt of the disbursements of such loan funds and the transfer of such funds to such institutions4 ,to be eligible to receive funds under this part1 an institution outside the ,united ,states shall make arrangements with the agent designated by the ,secretary under this paragraph to receive funds under this part4 7c7 ,selection of institutions for participation and origination 7#a7 ,general ,authority ,the ,secretary shall enter into agreements pursuant to subsection 7d77#a7 with institutions of higher education to participate in the student loan program under this part1 and agreements pursuant to subsection 7d77#b7 with institutions of higher education1 or consortia thereof1 to originate loans in such program1 for academic years beginning on or after the ,july #a after the date of enactment of the ,financial ,aid ,simplification and ,transparency ,act of #bjae4 ,such agreements for the academic year #bjae-bjaf shall1 to the extent feasible1 be entered into not later than ,january #a1 #bjae4 7#b7 ,selection criteria 7,a7 ,application ,each institution of higher education desiring to participate in the student loan program under this part shall submit an application satisfactory to the ,secretary containing such information and assurances as the ,secretary may require4 7,b7 ,selection ,procedure ,the ,secretary shall select institutions for participation in the student loan program under this part1 and shall enter into agreements with such institutions under subsection 7d77#a71 from among those institutions that submit the applications described in subparagraph 7,a71 and meet such other eligibility requirements as the ,secretary shall prescribe4 7#c7 ,selection criteria for origination 7,a7 ,in ,general ,the ,secretary may enter into a supplemental agreement with an institution 7or a consortium of such institutions7 that-- 7i7 has an agreement under subsection 7d77#a72 7ii7 desires to originate loans under this part2 and 7iii7 meets the criteria described in subparagraph 7,b74 7,b7 ,selection criteria ,the ,secretary may approve an institution to originate loans only if such institution-- 7i7 is not on the reimbursement system of payment for any of the programs under subpart #a of part ,a or part ,c of this title2 7ii7 is not overdue on program or financial reports or audits required under this title2 7iii7 is not subject to an emergency action1 or a limitation1 suspension1 or termination under section #dbh7;b77#a77,t71 #dcb7;h71 or #dhg7;c72 7iv7 in the opinion of the ,secretary1 has not had severe performance deficiencies for any of the programs under this title1 including such deficiencies demonstrated by audits or program reviews submitted or conducted during the #e calendar years immediately preceding the date of application2 7v7 provides an assurance that such institution has no delinquent outstanding debts to the ,federal ,government1 unless such debts are being repaid under or in accordance with a repayment arrangement satisfactory to the ,federal ,government1 or the ,secretary in the ,secretary's discretion determines that the existence or amount of such debts has not been finally determined by the cognizant ,federal agency2 and 7vi7 meets such other criteria as the ,secretary may establish to protect the financial interest of the ,united ,states and to promote the purposes of this part4 7#d7 ,eligible ,institutions ,the ,secretary may not select an institution of higher education for participation under this section unless such institution is an eligible institution under section #dce7;a74 7#e7 ,consortia ,subject to such requirements as the ,secretary may prescribe1 eligible institutions of higher education 7as determined under paragraph 7#d77 with agreements under subsection 7d77#a7 may apply to the ,secretary as consortia to originate loans under this part for students in attendance at such institutions4 ,each such institution shall be required to meet the requirements of paragraph 7#c7 with respect to loan origination4 7d7 ,agreements with institutions 7#a7 ,participation ,agreements ,an agreement with any institution of higher education for participation in the student loan program under this part shall-- 7,a7 provide for the establishment and maintenance of a student loan program at the institution under which the institution will-- 7i7 identify eligible students who seek student financial assistance at such institution in accordance with subsection 7e77#b72 7ii7 estimate the loan amount of each such student in accordance with subsection 7e77#d77;,a77i72 7iii7 provide a statement that certifies the eligibility of any student to receive a loan under this part that is not in excess of the annual or aggregate limit applicable to such loan1 except that the institution may1 in exceptional circumstances identified by the ,secretary1 refuse to certify a statement that permits a student to receive a loan under this part1 or certify a loan amount that is less than the amount the student may otherwise be eligible to receive1 as described in clauses 7iii7 and 7iv7 of subsection 7e77#d77;,b72 7iv7 set forth a schedule for disbursement of the proceeds of the loan in installments1 consistent with the requirements of section #dbh;,g2 and 7v7 provide timely and accurate information concerning the status of student borrowers 7and students on whose behalf parents borrow under this part7 while such students are in attendance at the institution and concerning any new information of which the institution becomes aware for such students 7or their parents7 after such borrowers leave the institution1 to the ,secretary for the servicing and collecting of loans made under this part2 7,b7 provide assurances that the institution will comply with requirements established by the ,secretary relating to student loan information with respect to loans made under this part2 7,c7 provide that the institution accepts responsibility and financial liability stemming from its failure to perform its functions pursuant to the agreement2 7,d7 provide for the implementation of a quality assurance system1 as established by the ,secretary and developed in consultation with institutions of higher education1 to ensure that the institution is complying with program requirements and meeting program objectives2 7,e7 provide that the institution will not charge any fees of any kind1 however described1 to student or parent borrowers for origination activities or the provision of any information necessary for a student or parent to receive a loan under this part1 or any benefits associated with such loan2 and 7,f7 include such other provisions as the ,secretary reasonably determines are necessary to protect the interests of the ,united ,states and to promote the purposes of this part4 7#b7 ,origination ,an agreement with any institution of higher education1 or consortia thereof1 for the origination of loans under this part shall-- 7,a7 supplement the agreement entered into in accordance with paragraph 7#a72 7,b7 include provisions established by the ,secretary that are similar to the participation agreement provisions described in subparagraphs 7,a77v71 7,b71 7,c71 7,d71 7,e71 and 7,f7 of paragraph 7#a71 as modified to relate to the origination of loans by the institution or consortium2 7,c7 provide that the institution or consortium will originate loans to eligible students and parents in accordance with this part2 and 7,d7 provide that the note or evidence of obligation on the loan shall be the property of the ,secretary4 7#c7 ,withdrawal and termination procedures ,the ,secretary shall establish procedures by which institutions or consortia may withdraw or be terminated from the program under this part4 7e7 ,terms and ,conditions of ,loans 7#a7 ,parallel ,terms1 ,conditions1 ,benefits1 and ,amounts of ,loans ,unless otherwise specified in this part1 loans made to borrowers under this part shall have the same terms1 conditions1 and benefits as ,federal ,direct ,unsubsidized ,stafford ,loans under part ,d made to borrowers and first disbursed on ,july #a1 #aiid4 7#b7 ,eligibility ,in order to be eligible for a loan under this section1 an individual must be-- 7,a7 an eligible student1 as defined in section #djj7;a71 who is an undergraduate2 7,b7 an eligible graduate or professional student as defined in section #djj7;a72 or 7,c7 a parent or legal guardian of an eligible student who is an undergraduate1 as defined in section #djj7;a74 7#c7 ,application for loans ,each eligible student 7or the parent of such student7 desiring to obtain a ,federal loan under this part for any year shall file an application with the ,secretary to determine eligibility for a loan as described in section #djj;,a4 7#d7 ,amount of loan 7,a7 ,in general ,the amount of a loan disbursed by a participating institution under this section shall be the lesser of-- 7i7 an amount that is equal to the estimated loan amount1 as determined by the institution by calculating-- 7,i7 the estimated cost of attendance at the eligible institution2 minus 7,,ii7 7aa7 any estimated financial assistance that the student will receive from a ,federal grant1 including a ,federal ,pell ,grant1 a ,state grant1 an institutional grant1 or a scholarship or grant from another source1 that is known to the institution at the time the student's determination of need is made2 and 7bb7 in the case of a loan to a parent1 the amount of a loan awarded under this part to the parent's child2 or 7ii7 the maximum ,federal loan amount for which such student is eligible in accordance with subparagraph 7,b74 7,b7 ,loan ,limits 7i7 ,annual limits ,except as provided under clause 7iv71 the annual amount of loans under this section that an eligible student may borrow shall be-- 7,i7 #h1jjj1 in the case of a student who is an undergraduate student attending a participating institution2 and 7,,ii7 #cj1jjj1 in the case of a graduate or professional student attending a participating institution4 7ii7 ,aggregate limits ,except as provided under clause 7iv71 the maximum aggregate amount of loans under this section that an eligible student may borrow shall be-- 7,i7 #cg1ejj in the case of a student who is an undergraduate student attending an eligible institution2 and 7,,ii7 #aej1jjj in the case of a student who is a graduate or professional student attending an eligible institution1 except that such aggregate limit shall not include any debt that the student incurred as an undergraduate4 7iii7 ,part-time students ,any eligible student receiving loans under this section that is enrolled in a program of study on less than a full-time basis shall have their loans prorated based on actual enrollment status4 7iv7 ,institutional determined limits and increases 7,i7 ,institutional determined limits 7aa7 ,in ,general ,notwithstanding any other provision of this paragraph1 a participating institution may limit the annual amount that students enrolled in an identified program of study at that institution may borrow under this section1 if-- 7,,aa7 the institution can reasonably demonstrate1 based on previous student income following such program1 that student debt levels are excessive2 and 7,,bb7 subject to item 7bb71 any proration or limiting of loan amounts are applied in the same manner to all students enrolled in the institution or program of study4 7bb7 ,exception ,notwithstanding item 7aa77,,bb71 upon the request of an individual student1 an institution 7at the discretion of a financial aid administrator7 may increase the annual amount limit established under this subclause for an individual student if that student demonstrates special circumstances4 7,,ii7 ,institutional determined increases ,notwithstanding the annual loan limits described in clause 7i7 and subject to subclause 7,,iii71 a participating institution may increase the annual amount that graduate and professional students enrolled in an identified program of study at that institution may borrow under this section and allow the annual amount to exceed such limit1 if-- 7aa7 the institution can reasonably demonstrate that students enrolled in a program of study have an increased need and should not be subject to the loan limitations described in clauses 7i7 and 7iii72 and 7bb7 any increase of loan amounts are applied in the same manner to all students enrolled in the institution or program of study4 7,,iii7 ,limitation on institutional determined increases ,an increase in the annual loan amount under subclause 7,,ii7 shall not be for an amount that results in more than a #ej percent increase to the aggregate loan limit amount established under clause 7ii77,,ii74 7#e7 ,repayment 7,a7 ,in general ,repayment of principal and interest accrued on loans made under this part shall commence not later than the day after #f months after the date the student1 or the student on whose behalf the loan was made-- 7i7 ceases to carry at least one-half of the normal full-time academic workload1 as determined by the institution2 or 7ii7 successfully completes the program of study in which the student is enrolled1 as determined by the institution4 7,b7 ,repayment plans 7i7 ,in general ,not later than #b months after a student enters the status described under clause 7i7 or 7ii7 of subparagraph 7,a71 the ,secretary shall inform a borrower of a loan made under this part of the borrower's repayment options1 by providing-- 7,i7 the monthly payment amount that the borrower will owe based on the total amount of the borrower's ,federal loan under this section if such loan is paid under a #aj-year repayment plan2 and 7,,ii7 estimates of the monthly payment amounts that the borrower may owe under the income-based repayment plan1 based on the total amount of the borrower's ,federal loan under this section and a schedule of different income levels4 7ii7 ,repayment options ,a borrower of a loan made under this part may choose from-- 7,i7 a repayment plan with a fixed monthly repayment amount paid over a fixed period of time1 not to exceed #aj years2 or 7,,ii7 an income-based repayment plan under section #dic;,c4 7f7 ,consolidation ,loans 7#a7 ,in ,general ,a borrower of a loan made under this part may consolidate such loan with-- 7,a7 another loan made under this part2 7,b7 a loan described in section #dbh;,c7a77#d7 that was first disbursed before ,july #a1 #bjaj2 or 7,c7 a loan made under section #dee that was first disbursed before the ,july #a prior to the date of enactment of this ,act4 7#b7 ,eligibility ,to be eligible for a consolidation loan under this part1 a borrower shall meet the eligibility criteria set forth in section #dbh;,c7a77#c74 7#c7 ,terms and ,conditions ,a consolidation loan under this subsection shall have the same terms and conditions as a consolidation loan made under section #dee7;g74 4 #g4 ,early awareness of financial aid eligibility ,section #dhe;,e of the ,act 7#bj ,u4,s4,c4 #ajib;f7 is amended by adding at the end the following3 7c7 ,early awareness 7#a7 ,in ,general ,not later than #ahj days after the date of enactment of the ,financial ,aid ,simplification and ,transparency ,act of #bjae1 the ,secretary shall develop and implement a plan to disseminate information about eligibility for ,federal financial aid under title ,,iv to local educational agencies and to middle and secondary schools that serve students at least #be percent of whom are eligible for a free or reduced price school lunch under the ,richard ,b4 ,russell ,national ,school ,lunch ,act 7#db ,u4,s4,c4 #agea et seq474 7#b7 ,recommendations to ,congress ,not later than #cfe days after the date of enactment of the ,financial ,aid ,simplification and ,transparency ,act of #bjae1 the ,secretary1 in consultation with ,state educational agencies1 local educational agencies1 and the ,secretary of ,agriculture1 shall make recommendations to ,congress on ways to provide individualized information about eligibility for ,federal financial aid under title ,,iv to elementary school and secondary school students who are eligible for a free or reduced price school lunch under the ,richard ,b4 ,russell ,national ,school ,lunch ,act 7#db ,u4,s4,c4 #agea et seq474 4 #h4 ,amendments to ,general ,provisions ,part ,g of the ,act 7#bj ,u4,s4,c4 #ajhh et seq47 is amended-- 7#a7 by repealing section #dhc2 7#b7 in section #dhd-- 7,a7 in subsection 7a71 by striking under this title and inserting under parts ,a through ,e of this title2 7,b7 in subsection 7b71 by striking other than a loan under section #dbh;,b and inserting other than a loan under part ,f1 section #dbh;,b12 7,c7 in subsection 7c71 by striking subsection 7a77#b7 and inserting subsection 7a77#b7 or section #djj7;a77#b7 each place the term appears2 7,d7 in subsection 7d71 by striking under subparts #a1 #c1 and #d of part ,a and parts ,b1 ,c1 ,d1 and ,e of this title and inserting under subpart #a of part ,a and parts ,b1 ,c1 ,d1 ,e1 and ,f of this title2 7,e7 in subsection 7f77#a71 by striking part ,b1 part ,d1 or part ,e and inserting part ,b1 part ,d1 part ,e1 or part ,f each place the term appears2 7,f7 in subsection 7g77#a71 by inserting or section #djj7;a77#b7 after subsection 7a77#e72 7,g7 in subsection 7m71 by striking under parts ,b1 ,c1 ,d1 and ,e and inserting under parts ,b1 ,c1 ,d1 ,e1 and ,f2 7,h7 in subsection 7p71 by inserting or section #djj;,a after under subsection 7a77#d72 and 7,i7 in subsection 7q77#a71 by striking ,federal student financial aid application and all that follows through the end of that paragraph and inserting application described under section #djj;,a 7in the case of a student applying for a ,federal ,pell ,grant7 as the ,secretary determines is necessary for the purpose of prepopulating or verifying the information on such student financial aid applications42 7#c7 in section #dhd;,a7a77#b77;,c7 by striking made under part ,d or ,e and inserting made under part ,d1 ,e1 or ,f2 7#d7 in section #dhd;,b-- 7,a7 in subsection 7a77#c77;,c77i71 by striking parts ,b1 ,d1 and ,e and inserting parts ,b1 ,d1 ,e1 and ,f2 7,b7 in subsection 7b77#b77;,b71 by striking under part ,b or ,d and inserting under part ,b1 ,d1 or ,f2 and 7,c7 in subsection 7b77#c77;,a7-- 7i7 by redesignating clauses 7v7 through 7vii7 as clauses 7vi7 through 7viii72 and 7ii7 by inserting after clause 7iv7 the following3 7v7 ,to outstanding balances on loans made under part ,f for the payment period or period of enrollment for which a return of funds is required4 2 7#e7 in section #dhe-- 7,a7 in subsection 7a7-- 7i7 by striking under parts ,b1 ,d1 and ,e and inserting under parts ,b1 ,d1 ,e1 and ,f each place the term appears2 and 7ii7 by striking part ,b or ,d and inserting part ,b1 ,d1 or ,f each place the term appears2 7,b7 in subsection 7b7-- 7i7 in paragraph 7#a77;,a7-- 7,i7 in the matter preceding clause 7i71 by inserting or part ,f after or made under part ,e2 and 7,,ii7 in clause 7vii71 by striking parts ,b1 ,d1 and ,e and inserting parts ,b1 ,d1 ,e1 and ,f2 and 7ii7 in paragraph 7#b77;,a71 in the matter preceding clause 7i71 by striking part ,b1 ,d1 or ,e and inserting part ,b1 ,d1 ,e1 or ,f2 7,c7 in subsection 7d77#a71 by inserting or part ,f after repayment plans for loans made under part ,d2 and 7,d7 in subsection 7l77#a7-- 7i7 in subparagraph 7,a71 in the matter preceding clause 7i71 by striking or made under part ,d 7other than a ,federal ,direct ,consolidation ,loan or a ,federal ,direct ,,plus loan made on behalf of a student71 and inserting 1 made under part ,d 7other than a ,federal ,direct ,consolidation ,loan or a ,federal ,direct ,,plus loan made on behalf of a student71 or made under part ,f 7other than a consolidation loan made under part ,f72 and 7ii7 in subparagraph 7,b71 by striking part ,b or ,d and inserting part ,b1 ,d1 or ,f2 7#f7 in section #dhe;,b-- 7,a7 by striking parts ,d and ,e and inserting parts ,d1 ,e1 and ,f each place the term appears2 and 7,b7 by striking part ,b1 ,d1 or ,e and inserting part ,b1 ,d1 ,e1 or ,f each place the term appears2 7#g7 in section #dhg1 by striking part ,b or ,d and inserting part ,b1 ,d1 or ,f each place the term appears2 and 7#h7 in section #dic;,c by striking part ,b or ,d and inserting part ,b1 ,d1 or ,f each place the term appears4 #i4 ,transition provision ,the ,secretary of ,education shall take such actions as the ,secretary determines to be appropriate to provide for the orderly transition from any authority to issue loans under part ,d of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;a et seq47 to any authority to issue loans under part ,f of the ,higher ,education ,act of #aife1 as amended by this ,act4