,,ii #aae? ,,congress #a/ ,session ,s4 #abdg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #be1 #bjag,mr4 ,hat* 7= himself & ,mr4 ,w>n]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to provide = loan repaym5t = tea*]s 9 high-ne$ s*ools4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,tea*] ,loan ,repaym5t ,act ( #bjag4 #b4 ,loan repaym5t = tea*]s 7a7 ,sunsets ,! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja et seq47 is am5d$-- 7#a7 9 section #dbj,o-- 7,a7 by /rik+ ,beg9n+ & ins]t+ 7a7 ,9 g5]al4--,beg9n+2 & 7,b7 by add+ at ! end ! foll[+3 7b7 ,sunset ,beg9n+ on ! date ( enactm5t ( ! ,tea*] ,loan ,repaym5t ,act ( #bjag1 ! ,secret>y %all n aw>d funds "u ?is subp>t = new ,,tea* ,grants4 2 7#b7 9 section #dbh;,j1 by add+ at ! end ! foll[+3 7i7 ,sunset ,beg9n+ on ! date ( enactm5t ( ! ,tea*] ,loan ,repaym5t ,act ( #bjag1 ! ,secret>y %all n ent] into a new agreem5t to assume ! obligation to repay a qualifi$ loan am\nt "u ?is section4 2 7#c7 9 section #dbh,k-- 7,a7 by r$esignat+ subsection 7h7 z subsection 7i72 & 7,b7 by ins]t+ aft] subsection 7g7 ! foll[+3 7h7 ,sunset ,beg9n+ on ! date ( enactm5t ( ! ,tea*] ,loan ,repaym5t ,act ( #bjag1 ! ,secret>y %all n ent] into a new agreem5t to =give a qualifi$ loan am\nt "u ?is section4 2 & 7#d7 9 section #dfj1 by add+ at ! end ! foll[+3 7i7 ,sunset ,beg9n+ on ! date ( enactm5t ( ! ,tea*] ,loan ,repaym5t ,act ( #bjag1 ! ,secret>y %all n ent] into a new agreem5t to cancel ! obligation to repay a qualifi$ loan am\nt "u ?is section4 4 7b7 ,loan repaym5t = tea*]s ,title ,,iv ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajgj et seq47 is am5d$ by add+ at ! end ! foll[+3 ,j ,loan repaym5t = tea*]s #dii;,a4 ,loan repaym5t = tea*]s 7a7 ,purpose ,! purpose ( ?is section is to enc\rage highly qualifi$ individuals to ent] & cont9ue 9 ! tea*+ pr(ession1 & to ensure qualifi$ effective tea*]s are enc\rag$ to "w 9 high-ne$ s*ools4 7b7 ,def9itions ,9 ?is section3 7#a7 ,*ild ) a disability ,! t]m *ild ) a disability has ! mean+ giv5 ! t]m 9 section #fjb ( ! ,individuals ) ,disabilities ,education ,act4 7#b7 ,/ud5t loan ,! t]m /ud5t loan means a loan-- 7,a7 made1 insur$1 or gu>ante$ "u "p ,b1 except z provid$ 9 subp>agraph 7,c72 7,b7 made "u "p ,d or ,e1 except z provid$ 9 subp>agraph 7,c72 or 7,c7 made "u section #dbh;,c or #dee7;g71 to ! ext5t t su* loan 0 us$ to repay a ,f$]al ,direct ,/af=d ,loan1 a ,f$]al ,direct ,unsubsidiz$ ,/af=d ,loan1 or a loan made "u section #dbh or #dbh;,h4 7c7 ,program au?oriz$ ,! ,secret>y %all c>ry out a program "u :i* ! ,dep>tm5t ( ,education %all assume ! obligation to repay a /ud5t loan1 by direct paym5ts on behalf ( a borr[] to ! hold] ( su* loan1 9 accordance ) subsection 7e71 = any borr[] :o-- 7#a7 is n 9 default on a loan = :i* ! borr[] seeks =giv5ess2 & 7#b7 is employ$ z a full-"t tea*] = s]vice 9 an academic ye> 7includ+ su* a tea*] employ$ by an educational s]vice ag5cy7-- 7,a7 9 a public elem5t>y s*ool or second>y s*ool1 :i*1 = ! purpose ( ?is p>agraph & = t ye>-- 7i7 has be5 det]m9$ by ! ,secret>y 7aft] consultation ) ! ,/ate educational ag5cy ( ! ,/ate 9 :i* ! s*ool is locat$7 to be a s*ool 9 :i* ! numb] ( *ildr5 meet+ a measure ( pov]ty "u section #aaac7;a77#e7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife1 is n less ?an #dj p]c5t ( ! total numb] ( *ildr5 enroll$ 9 su* s*ool2 & 7ii7 is 9 a s*ool di/rict s]v$ by a local educational ag5cy t is eligible 9 su* ye> = assi/ance pursuant to "p ,a ( title ,i ( ! ,elem5t>y & ,second>y ,education ,act ( #aife2 or 7,b7 9 a public elem5t>y s*ool or second>y s*ool or location op]at$ by an educational s]vice ag5cy1 :i*1 = ! purpose ( ?is p>agraph & = t ye>1 has be5 det]m9$ by ! ,secret>y 7aft] consultation ) ! ,/ate educational ag5cy ( ! ,/ate 9 :i* ! educational s]vice ag5cy op]ates7 to be a s*ool or location 9 :i* ! numb] ( *ildr5 taught :o meet a measure ( pov]ty "u section #aaac7;a77#e7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife1 is n less ?an #dj p]c5t ( ! total numb] ( *ildr5 taught at su* s*ool or location4 7d7 ,special rules 7#a7 ,li/ ,if ! li/ ( s*ools 9 :i* a tea*] may p]=m s]vice pursuant to subsection 7c77#b7 is n available be=e ,may #a ( any ye>1 ! ,secret>y may use ! li/ = ! ye> prec$+ ! ye> = :i* ! det]m9ation is made to make su* s]vice det]m9ation4 7#b7 ,cont9u+ eligibility ,any tea*] :o p]=ms s]vice 9 a s*ool dur+ :i* "t _! s]vice meets ! requirem5ts ( subsection 7c77#b7 9 any ye>1 &1 9 a subsequ5t ye>1 fails to meet ! requirem5ts ( su* subsection1 may cont9ue to tea* 9 su* s*ool & %all be eligible = loan cancellation pursuant to ?is section 9 subsequ5t ye>s4 7#c7 ,*oice ( loan repaym5t program ,an individual :o1 on ! date ( enactm5t ( ! ,tea*] ,loan ,repaym5t ,act ( #bjag1 is p>ticipat+ 9 a loan repaym5t program "u section #dbh;,j1 #dbh,k1 or #dfj1 may *oose to cont9ue to p>ticipate 9 su* program or may ent] into p>ticipation 9 ! program "u ?is section if eligible to p>ticipate 9 ! program "u ?is section4 7e7 ,t]ms ( loan repaym5t 7#a7 ,borr[] agreem5t ,! ,secret>y & an individual :o desires to receive /ud5t loan repaym5t "u ?is section %all ent] into an agreem5t t includes a provision t to rema9 eligible to receive /ud5t loan repaym5t "u ?is section1 ! individual %all rema9 employ$ 9 ! s*ool or location = :i* ! individual ga9$ eligibility = /ud5t loan repaym5t "u ?is section4 7#b7 ,/ud5t loan paym5t am\nt 7,a7 ,9 g5]al ,9 ! agreem5t describ$ 9 p>agraph 7#a71 ! ,secret>y %all agree to make a /ud5t loan paym5t = su* individual ( #bej a mon? = ! fir/ & second ye> ( tea*+1 #cjj a mon? = ! ?ird ye> ( tea*+1 #cej a mon? = ! f\r? ye> ( tea*+1 & #djj a mon? = ! fif? & six? ye> ( tea*+4 7,b7 ,maximum total am\nt ,! maximum total am\nt ( /ud5t loan paym5ts made by ! ,secret>y = an individual "u ?is section %all be #bc1djj4 7,c7 ,rema9+ balance ,an individual %all ent] repaym5t on any rema9+ pr9cipal & int]e/ due on a /ud5t loan = :i* ! ,secret>y has made paym5ts "u ?is section aft] ! maximum total am\nt has be5 rea*$ "u subp>agraph 7,b74 7#c7 ,beg9n+ ( paym5ts ,no?+ 9 ?is section %all au?orize ! ,secret>y to pay any am\nt to reimburse a borr[] = any /ud5t loan paym5ts made by su* borr[] prior to ! date on :i* ! ,secret>y ent]$ into an agreem5t ) ! borr[] "u ?is subsection4 4