,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hdjj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #be1        
#bjbj,mr4 ,fo/] introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,education & ,labor  ,a ,,bill  ,to am5d
 ! ,high] ,education ,act ( #aife to    
all[ c]ta9 ,f$]al /ud5t loans to be     
transf]r$ f a p>5t to a *ild1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,p>5t ,,plus ,loan         
,fairness & ,responsibility ,act4  #b4  
,transf] ( ,f$]al /ud5t loans f p>5t to 
*ild ,"p ,g ( title ,,iv ( ! ,high]     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhh et seq47 is am5d$ by ins]t+ aft]  
section #dic;,d ! foll[+3  #dic;,e4     
,transf] ( ,f$]al /ud5t loans f p>5t to 
*ild  7a7 ,9 g5]al ,a cov]$ p>5t loan   
may be transf]r$ f ! orig9al borr[] ( ! 
loan to a *ild ( su* borr[] 9 accordance
 ) ?is section4  7b7 ,transf]           
requirem5ts ,a cov]$ p>5t loan may be   
transf]r$ to a *ild "u subsection 7a7   
only if-- 7#a7 ! loan is 9 good /&+1 z  

det]m9$ by ! ,secret>y2  7#b7 ! loan 0  
us$ to pay ! educational exp5ses ( !    
*ild to :om ! loan is to be transf]r$2  
7#c7 ! *ild to :om ! loan is to be      
transf]r$-- 7,a7 has atta9$ ! age ( #ah 
ye>s2 &  7,b7 demon/rates ! ability to  
repay ! loan1 z det]m9$ by ! ,secret>y 9
 accordance ) subsection 7c72  7#d7 !   
*ild1 ! p>5t1 & ! l5d] agree1 9 writ+1  
to ! transf] ( ! loan2  7#e7 ! agreem5t 
describ$ 9 p>agraph 7#d7 notifies ! *ild
 to :om ! loan is transf]r$ ( ! effect (
 ! transf] on ! eligibility ( ! loan =  
=giv5ess "u section #dee7m72 &  7#f7 a  
p]iod ( #ahj days has elaps$ dur+ :i* ! 
*ild 0 n pursu+-- 7,a7 at lea/ a half-"t
 c\rse ( /udy z det]m9$ by an in/itution
 ( high] education2 or  7,b7 a c\rse (  
/udy pursuant to a graduate fell[%ip    
program approv$ by ! ,secret>y1 or      
pursuant to a rehabilitation tra9+      
program = disabl$ individuals approv$ by
 ! ,secret>y4  7c7 ,det]m9ation (       
ability ,to repay loan ,9 det]m9+ !     
ability ( a *ild to repay a cov]$ p>5t  

loan "u subsection 7b77#c77;,b71 !      
,secret>y %all consid] ! foll[+3 7#a7 ,!
 *ild's employm5t /atus1 income level1 &
 cr$it hi/ory4  7#b7 ,! total doll>     
am\nt ( ! loans propos$ to be transf]r$ 
to ! *ild4  7#c7 ,! debt-to-income ratio
 ( ! *ild be=e su* transf]4  7#d7 ,!    
project$ debt-to-income ratio ( ! *ild  
aft] su* transf]4  7#e7 ,any o!r factors
 ! ,secret>y det]m9es to be relevant to 
! ability ( ! *ild to repay ! loan4  7d7
 ,treatm5t ( transf]r$ loan ,a cov]$    
p>5t loan transf]r$ to a *ild "u        
subsection 7a7 %all h ! same t]ms1      
conditions1 & b5efits applicable to !   
loan be=e ! date ( su* transf] except   
t-- 7#a7 ! *ild to :om ! loan is        
transf]r$ %all be treat$ z ! orig9al    
borr[] ( ! loan2 &  7#b7 ! p>5t :o      
transf]r$ ! loan to ! *ild %all n be    
responsible = pay+-- 7,a7 ! out/&+      
balance ( pr9cipal or int]e/ on ! loan2 
or  7,b7 any o!r co/s associat$ ) !     
loan1 includ+ fees4  7e7 ,effect on loan
 limits ,not)/&+ any o!r provision ( ?is

 ,act1 a cov]$ p>5t loan transf]r$ to a 
*ild "u subsection 7a7 %all n be c\nt$  
t[>d ! *ild's annual or aggregate       
maximum loan limits "u ?is title4  7f7  
,cov]$ p>5t loan def9$ ,9 ?is section1 !
 t]m cov]$ p>5t loan means-- 7#a7 a loan
 made to a p>5t on behalf ( a dep5d5t   
/ud5t "u section #dbh;,b2  7#b7 a ,f$]al
 ,direct ,,plus ,loan made to ! p>5t ( a
 dep5d5t /ud5t2 or  7#c7 a loan made "u 
section #dbh;,c or #dee7;g71 to ! ext5t 
t su* loan 0 us$ to repay-- 7,a7 a loan 
made to ! p>5t ( a dep5d5t /ud5t "u     
section #dbh;,b2 or  7,b7 a ,f$]al      
,direct ,,plus ,loan made to ! p>5t ( a 
dep5d5t /ud5t4  4