,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #ibf  ,,in ,,the ,,house ,,of   
,,representatives  ,february #g1        
#bjag,mr4 ,soto introduced the following
 bill2 which was referred to the        
,committee on ,education and the        
,workforce  ,a ,,bill  ,to amend the    
,higher ,education ,act of #aife to     
reduce the principal amount on loans    
made to ,,stem majors4  #a4 ,short title
 ,this ,act may be cited as the         
,american ,science ,principal and       
,interest ,reduction and ,employment    
,act or the ,,aspire ,act4  #b4 ,loan   
cancellation for ,,stem majors ,part ,d 
of title ,,iv of the ,higher ,education 
,act of #aife 7#bj ,u4,s4,c4 #ajhg;a et 
seq47 is amended by adding at the end   
the following3  #dfj;,a4 ,loan          
cancellation for ,,stem majors  7a7     
,program authorized  7#a7 ,in general   
,the ,secretary shall carry out a       
program of canceling the obligation to  
repay #be percent of the outstanding    
balance of principal due1 in accordance 

with paragraph 7#b71 on any eligible    
,federal ,direct ,loan made to a        
borrower who receives such loan-- 7,a7  
for attendance at an undergraduate      
,,stem program2 or  7,b7 on behalf of a 
dependent student for such student to   
attend an undergraduate ,,stem program4 
7#b7 ,loan cancellation amount ,as soon 
as practicable after the borrower or the
 borrower's dependent student graduates 
with an undergraduate degree or         
certificate from the program described  
in paragraph 7#a71 the ,secretary shall 
cancel the obligation to repay #be      
percent of the balance of principal due 
as of the time of such cancellation1 on 
the eligible ,federal ,direct ,loans    
made to the borrower4  7b7 ,definitions 
,in this section3 7#a7 ,eligible        
,federal direct loan ,the term eligible 
,federal ,direct ,loan means a ,federal 
,direct ,stafford ,loan1 ,federal       
,direct ,,plus ,loan1 or ,federal       
,direct ,unsubsidized ,stafford ,loan1  
or a ,federal ,direct ,consolidation    

,loan4  7#b7 ,undergraduate ,,stem      
program of study ,the term undergraduate
 ,,stem program of study means a program
 of study related to science1           
technology1 engineering1 or mathematics1
 at an institution of higher education  
that leads to an undergraduate degree or
 certificate4  7c7 ,construction        
,nothing in this section shall be       
construed to authorize any refunding of 
any canceled loan4  4