,,ii #aaf? ,,congress #a/ ,session ,s4 #aage ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #aa1 #bjai ,mr4 ,:iteh\se 7= himself & ,mr4 ,ka9e7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to improve ! public s]vice loan =giv5ess program4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,pslf ,te*nical ,corrections ,act ( #bjai4 #b4 ,am5dm5t to ! ,high] ,education ,act ( #aife ,section #dee7m7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7m77 is am5d$-- 7#a7 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#d7 z p>agraphs 7#c7 ?r\gh 7#e71 respectively2 7#b7 9 p>agraph 7#a7-- 7,a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ p>agraph 7#b7 & ins]t+ p>agraph 7#c72 & 7,b7 9 subp>agraph 7,a7-- 7i7 9 clause 7ii71 by ins]t+ or aft] ! semicolon2 7ii7 by /rik+ clause 7iii72 & 7iii7 by r$esignat+ clause 7iv7 z clause 7iii72 7#c7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 ,paym5ts 9 graduat$ or ext5d$ plans 7,a7 ,9 g5]al ,9 addition to cancel+ ! balance ( int]e/ & pr9cipal due = a borr[] describ$ 9 p>agraph 7#a71 ! ,secret>y %all also cancel ! balance ( int]e/ & pr9cipal due1 9 accordance ) p>agraph 7#c71 on any eligible ,f$]al ,direct ,loan n 9 default = a borr[] :o-- 7i7 has made #abj qualify+ mon?ly paym5ts1 z def9$ 9 subp>agraph 7,b71 on ! eligible ,f$]al ,direct ,loan aft] ,octob] #a1 #bjjg2 7ii7 is employ$ 9 a public s]vice job at ! "t ( su* =giv5ess2 & 7iii7 has be5 employ$ 9 a public s]vice job dur+ ! p]iod 9 :i* ! borr[] makes ea* ( ! #abj paym5ts describ$ 9 clause 7i74 7,b7 ,qualify+ mon?ly paym5t ,9 ?is p>agraph1 ! t]m qualify+ mon?ly paym5t means any paym5t made "u any repaym5t plan t is n describ$ 9 clause 7i71 7ii71 or 7iii7 ( p>agraph 7#a77;,a7 t satisfi$ ! mon?ly am\nt ! borr[] 0 requir$ to pay at ! "t ! mon?ly am\nt due 0 bill$ to ! borr[]4 2 7#d7 9 p>agraph 7#c71 z r$esignat$ by p>agraph 7#a71 by ins]t+ or p>agraph 7#b71 z ! case may be aft] p>agraph 7#a72 & 7#e7 by add+ at ! end ! foll[+3 7#f7 ,dispute resolution process ,n lat] ?an ,july #a1 #bjai1 ! ,secret>y %all e/abli% a process = borr[]s to dispute ! calculation ( ! numb] ( mon?ly paym5ts "u p>agraph 7#a7 or 7#b7 t c\nt t[>d loan =giv5ess "u ?is subsection foll[+ ! borr[]'s submission ( a c]tification ( employm5t or application = =giv5ess 7or any successor c]tification or application7 "u ?is subsection4 7#g7 ,recalculat+ ! numb] ( qualify+ paym5t obligations = curr5t public s]vice loan =giv5ess program p>ticipants ,n lat] ?an ,july #a1 #bjai1 ! ,secret>y %all1 = ea* borr[] t has submitt$ a c]tification ( employm5t "u ?is subsection be=e ,july #a1 #bjai-- 7,a7 calculate ! numb] ( mon?ly paym5ts "u p>agraph 7#a7 or 7#b7 t c\nt t[>d loan =giv5ess "u ?is subsection1 us+ ! crit]ia "u ?is subsection z 9 effect on ,july #a1 #bjai2 & 7,b7 in=m ! borr[] ( ! *anges to ! public s]vice loan =giv5ess program "u ?is subsection t take effect on or be=e ,july #a1 #bjai1 & ! numb] ( mon?ly paym5ts calculat$ = ! borr[] 9 accordance ) subp>agraph 7,a74 4