,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #daai  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #cj1 #bjai,mr4  
,lawson ( ,florida 7= himself1 ,ms4     
,tlaib1 & ,mr4 ,v>gas7 introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,education & ,labor  ,a   
,,bill  ,to am5d ! ,high] ,education    
,act ( #aife to ext5d ! int]e/-free     
grace p]iod c]ta9 loans1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/ud5t ,loan ,def]m5t ,act 
( #bjai4  #b4 ,int]e/-free grace p]iod  
7a7 ,repaym5t p]iod  7#a7 ,ext5sion (   
grace p]iod ,section #dbh7;b77#g77;,a7 (
 ! ,high] ,education ,act ( #aife 7#bj  
,u4,s4,c4 #ajgh7;b77#g77;,a77 is am5d$  
by /rik+ #f mon?s & ins]t+ #a ye>4  7#b7
 ,p]k9s ,section #dfd7;c77#a77;,a7 ( !  
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhg;dd7c77#a77;,a77 is      
am5d$-- 7,a7 by /rik+ n9e mon?s & ins]t+
 #a ye>2 &  7,b7 by /rik+ #i mon?s &    
ins]t+ #a ye>4  7b7 ,int]e/ rates       
,section #dee7;b7 ( ! ,high] ,education 

,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7b77 
is am5d$ by add+ at ! end ! foll[+3     
7#aa7 ,9 s*ool & grace p]iod rules      
,not)/&+ ! prec$+ p>agraphs ( ?is       
subsection1 ) respect to any ,f$]al     
,direct ,/af=d ,loan or ,f$]al ,direct  
,unsubsidiz$ ,/af=d ,loan made "u ?is "p
 = :i* ! fir/ disbursem5t is made on or 
aft] ,july #a1 #bjbj1 ! applicable rate 
( int]e/ = int]e/ :i* accrues--  7,a7   
prior to ! beg9n+ ( ! repaym5t p]iod ( !
 loan2 or  7,b7 dur+ ! p]iod 9 :i*      
pr9cipal ne$ n be paid 7:e!r or n su*   
pr9cipal is 9 fact paid7 by reason ( a  
provision describ$ 9 section            
#dbh7;b77#a77,m7 or #dbg7;a77#b77;,c71  
%all be equal to z]o p]c5t4  4