,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #bjcd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ah1 #bjba,mr4   
,lawson ( ,florida introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor1 & 9 addition to !  
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to direct
 ! ,secret>y ( ,education to =give !    
,f$]al /ud5t loans ( borr[]s meet+ c]ta9
 income requirem5ts1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,income-,driv5 ,/ud5t ,loan ,=giv5ess 
,act4  #b4 ,f$]al /ud5t loan =giv5ess = 
borr[]s meet+ c]ta9 income requirem5ts  
7a7 ,=giv5ess requir$ ,not)/&+ any o!r  
provision ( law1 ! ,secret>y (          
,education %all =give ! out/&+ balance (
 pr9cipal1 int]e/1 & fees due on !      
eligible ,f$]al /ud5t loans ( borr[]s :o
 meet ! requirem5ts ( subsection 7b74   
7b7 ,eligibility  7#a7 ,9 g5]al ,a      

borr[] is eligible to receive =giv5ess  
"u ?is section if1 at ! "t ( application
 = =giv5ess1 su* borr[]-- 7,a7 has an   
eligible ,f$]al /ud5t loan 9 repaym5t2  
7,b7 fil$ a ,f$]al income tax return = !
 mo/ rec5tly end$ tax ye>2  7,c7 7i7 is 
employ$2 or  7ii7 if n employ$1 0       
employ$ dur+ ! p]iod ( ?ree ye>s        
imm$iately prec$+ ,m>* #a1 #bjbj2 &     
7,d7 meets ! income requirem5ts specifi$
 9 p>agraph 7#b74  7#b7 ,income         
requirem5ts ,! income requirem5ts       
specifi$ 9 ?is subsection are ! foll[+3 
7,a7 ,9 ! case ( borr[] :o is n m>ri$1 !
 adju/$ gross income ( ! borr[] does n  
exce$ #ajj1jjj4  7,b7 ,9 ! case ( a     
borr[] :o is m>ri$ & files a ,f$]al     
income tax return jo9tly ) ! borr[]'s   
sp\se1 ! adju/$ gross income ( ! borr[] 
& ! borr[]'s sp\se does n exce$         
#bjj1jjj4  7,c7 ,9 ! case ( a borr[] :o 
is m>ri$ & files a ,f$]al income tax    
return sep>ately f ! borr[]'s sp\se1 !  
adju/$ gross income ( ! borr[] does n   
exce$ #ajj1jjj4 ,! income ( a borr[]'s  

sp\se %all n be consid]$ 9 mak+ !       
det]m9ation "u ?is subp>agraph4  7#c7   
,return in=mation ,! det]m9ations "u    
p>agraph 7#b7 %all be bas$ on ! ,f$]al  
income tax return fil$ by ! borr[] = !  
mo/ rec5t tax ye> end+ be=e ! date ( !  
borr[]'s application = =giv5ess "u ?is  
section4  7c7 ,me?od ( loan =giv5ess ,z 
soon z practicable aft] ! ,secret>y (   
,education confirms t an applicant meets
 ! requirem5ts ( subsection 7b71 !      
,secret>y ( ,education %all-- 7#a7 = ea*
 eligible ,f$]al /ud5t loan ( ! borr[] t
 is held by ! ,dep>tm5t ( ,education1   
cancel ! out/&+ balance ( pr9cipal1     
int]e/1 & fees due on ! loan2 &  7#b7 = 
ea* eligible ,f$]al /ud5t loan ( !      
borr[] t is n held by ! ,dep>tm5t (     
,education-- 7,a7 ?r\gh ! hold] ( a     
loan1 assume ! obligation to repay !    
out/&+ balance ( pr9cipal1 int]e/1 &    
fees due on ! loan2 &  7,b7 ^u assum+   
su* obligation1 cancel ! out/&+ balance 
( su* pr9cipal1 int]e/1 & fees4  7d7    
,application ,to be eligible to receive 

=giv5ess "u ?is section a borr[] %all   
submit to ! ,secret>y ( ,education an   
application at su* "t1 9 su* mann]1 &   
conta9+ su* in=mation z ! ,secret>y may 
require4  7e7 ,repaym5t refunds         
prohibit$ ,no?+ 9 ?is section %all be   
con/ru$ to au?orize ! refund ( any      
paym5ts made by a borr[] on an eligible 
,f$]al /ud5t be=e ! date on :i* !       
borr[]'s loans are =giv5 9 accordance ) 
?is section4  7f7 ,exclusion f taxable  
income ,! am\nt ( a borr[]'s eligible   
,f$]al /ud5t loans =giv5 "u ?is section 
%all n be includ$ 9 ! gross income ( !  
borr[] = purposes ( ! ,int]nal ,rev5ue  
,code ( #aihf4  7g7 ,det]m9ation (      
ineligibility ,if ! ,secret>y (         
,education d5ies a borr[]'s application 
= =giv5ess "u ?is section1 ! ,secret>y  
%all notify ! borr[] t ! borr[]'s       
application 0 d5i$ & indicate ! specific
 reasons = su* d5ial4  #c4 ,notice to ! 
public ,n lat] ?an #ae days aft] ! date 
( enactm5t ( ?is ,act1 ! ,secret>y (    
,education1 9 consultation ) in/itutions

 ( high] education & l5d]s & hold]s (   
,f$]al /ud5t loans1 %all take su*       
actions z may be necess>y to ensure t   
borr[]s :o h out/&+ eligible ,f$]al     
/ud5t loans are aw>e ( ! loan =giv5ess  
program au?oriz$ by ?is ,act4 ,su*      
in=mation %all-- 7#a7 be pres5t$ 9 a =m 
t is widely available to ! public1      
especially to borr[]s ) eligible ,f$]al 
/ud5t loans2  7#b7 be easily und]/&able2
 &  7#c7 cle>ly notify borr[]s t to be  
consid]$ = loan =giv5ess "u ?is ,act1   
borr[]s mu/ submit an application to !  
,secret>y ( ,education4  #d4 ,def9itions
 ,9 ?is ,act3 7#a7 ,adju/$ gross income 
,! t]m adju/$ gross income has ! mean+  
giv5 t t]m 9 section #fb ( ! ,int]nal   
,rev5ue ,code ( #aihf 7#bf ,u4,s4,c4    
#fb74  7#b7 ,eligible ,f$]al /ud5t loan 
,! t]m eligible ,f$]al /ud5t loan means 
a loan-- 7,a7 receiv$ by a borr[] be=e !
 date ( enactm5t ( ?is ,act2  7,b7 us$  
to pay =-- 7i7 ! und]graduate education 
( ! borr[]2 or  7ii7 9 ! case ( a loan  
made to a p>5t on behalf a dep5d5t      

/ud5t1 ! und]graduate education ( su*   
dep5d5t /ud5t2 &  7,c7 made1 insur$1 or 
gu>ante$ "u-- 7i7 "p ,b1 "p ,d1 or "p ,e
 ( title ,,iv ( ! ,high] ,education ,act
 ( #aife 7#bj ,u4,s4,c4 #ajgj et seq471 
includ+ a consolidation loan 7to ! ext5t
 t su* consolidation loan 0 us$ to repay
 loans = und]graduate education72 or    
7ii7 "p ,e ( title ,,viii ( ! ,public   
,heal? ,s]vice ,act4  7#c7 ,fees ,! t]m 
fees means any am\nts ow$ by a borr[]1  
o!r ?an pr9cipal & int]e/1 on an        
eligible ,f$]al /ud5t loan1 includ+ !   
am\nts ( any out/&+ adm9i/rative fees1  
late *>ges1 & collection co/s4  7#d7    
,in/itution ( high] education ,! t]m    
in/itution ( high] education has ! mean+
 giv5 t t]m 9 section #ajb ( ! ,high]   
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajjb74  7#e7 ,und]graduate education ,!
 t]m und]graduate education means a     
po/second>y program ( /udy at an        
in/itution ( high] education t leads to 
an associate or baccalaureate degree4