,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #eebc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #h1 #bjba,mr4 
,lamb introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to help ,am]icans   
pay d[n /ud5t loan debt or pay =        
education or tra9+ to develop or improve
 work=ce skills4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,pay ,d[n1 ,upskill
 ,act ( #bjba4  #b4 ,pay ,d[n or        
,upskill ,education ,b5efit ,program    
7a7 ,program e/abli%$  7#a7 ,9 g5]al ,! 
,secret>y ( ,education %all c>ry out a  
program1 kn[n z ! ,pay ,d[n or ,upskill 
,education ,b5efit ,program1 to provide 
to ea* eligible individual1 ^u          
application & approval1 an education    
b5efit to-- 7,a7 repay all or "p ( !    
qualify+ /ud5t loans ( ! eligible       
individual1 9 accordance ) subsection   
7b72 or  7,b7 pay all or "p ( ! qualifi$
 educational exp5ses ( ! eligible       
individual1 9 accordance ) subsection   
7c74  7#b7 ,eligible individual ,an     

individual %all be an eligible          
individual = purposes ( ?is ,act if !   
individual-- 7,a7 is n y\ng] ?an #ah    
ye>s ( age & n old] ?an #fe ye>s ( age  
on ! date t ! individual applies = an   
education b5efit "u ?is ,act2 &  7,b7   
receiv$ any cr$it or refund all[$ or    
made to ! individual by reason ( section
 #fdbh;,b ( ! ,int]nal ,rev5ue ,code (  
#aihf 7z add$ by section #ifja ( !      
,am]ican ,rescue ,plan ,act ( #bjba     
7,public ,law #aag-b774  7#c7 ,education
 b5efit am\nt ,! am\nt ( an education   
b5efit provid$ to an eligible individual
 9 accordance ) ?is ,act %all be-- 7,a7 
! am\nt ( ! qualifi$ /ud5t loans ( !    
individual2 or  7,b7 ! am\nt ( !        
qualifi$ educational exp5ses ( !        
individual1  except t ! maximum am\nt ( 
! total education b5efit provid$ to an  
eligible individual %all n exce$        
#aj1jjj4  7#d7 ,notice to ! public ,n   
lat] ?an #f mon?s aft] ! date ( enactm5t
 ( ?is ,act1 ! ,secret>y %all publicly  
ann\nce ! program e/abli%$ "u ?is ,act1 

includ+ by po/+ in=mation ab\t su*      
program on ! website ( ! ,dep>tm5t (    
,education4 ,! ,secret>y %all update &  
ma9ta9 su* in=mation z may be necess>y4 
7#e7 ,deadl9e = applications ,to be     
consid]$ = an education b5efit "u ?is   
section1 an eligible individual %all    
submit an application 9 accordance ) ?is
 section be=e ! date t is #e ye>s aft] !
 date ( ! enactm5t ( ?is ,act4  7b7 ,use
 ( education b5efit ,to pay d[n /ud5t   
loan repaym5t  7#a7 ,application by     
eligible individuals ,an eligible       
individual :o desires to apply !        
education b5efit ( ! individual "u ?is  
section to ! repaym5t ( qualifi$ /ud5t  
loans %all submit1 9 a mann] prescrib$  
by ! ,secret>y1 an application to !     
,secret>y t-- 7,a7 id5tifies1 or p]mits 
! ,secret>y to id5tify1 ! hold] or      
hold]s ( su* loans2  7,b7 indicates1 or 
p]mits ! ,secret>y to det]m9e1 ! am\nts 
( pr9cipal & int]e/ out/&+ on ! loans2  
7,c7 specifies1 if ! out/&+ balance is  
great] ?an ! am\nt ( ! maximum education

 b5efit "u subsection 7a77#c71 :i* ( !  
loans ! individual pref]s to be paid by 
! ,secret>y2 &  7,d7 conta9s or is      
accompani$ by su* o!r in=mation z !     
,secret>y may require4  7#b7            
,disbursem5t ( loan repaym5ts ,^u       
receipt ( an application t complies )   
p>agraph 7#a7 f an eligible individual1 
! ,secret>y %all1 z promptly z          
practicable1 repay ! am\nt ( ! education
 b5efit ( ! individual det]m9$ "u       
subsection 7a77#c7 by-- 7,a7 disburs+   
su* am\nt by *eck or o!r means t is     
payable to ! hold] ( ! loan & requires !
 endorsem5t or o!r c]tification by !    
eligible individual2 or  7,b7 9 ! case (
 a loan held by ! ,secret>y1 cancell+   
su* am\nt4  7#c7 ,application ( repaid  
am\nts ,if ! am\nt repaid "u p>agraph   
7#b7 is less ?an ! pr9cipal & accru$    
int]e/ on any qualifi$ /ud5t loan1 su*  
am\nt %all be appli$ accord+ to !       
specifi$ priorities ( ! eligible        
individual4  7#d7 ,reports by hold]s    
,any hold] receiv+ a loan paym5t        

pursuant to ?is subsection %all submit  
to ! ,secret>y su* in=mation z !        
,secret>y may require to v]ify t su*    
paym5t 0 appli$ 9 accordance ) ?is      
subsection & any regulations prescrib$  
to c>ry out ?is subsection4  7#e7       
,notification ( individual ,! ,secret>y1
 ^u repay+ ! education b5efit ( an      
eligible individual1 %all notify !      
individual ( ! am\nt paid = ea* out/&+  
loan & ! date ( paym5t4  7#f7 ,au?ority 
to aggregate paym5ts ,! ,secret>y may1  
by regulation1 provide = ! aggregation (
 paym5ts to hold]s "u ?is subsection4   
7#g7 ,def9ition ( hold] ,z us$ 9 ?is    
subsection1 ! t]m hold] ) respect to any
 qualifi$ /ud5t loan means ! orig9al    
l5d] or1 if ! loan is subsequ5tly sold1 
transf]r$1 or assign$ to "s o!r p]son1 &
 su* o!r p]son acquires a legally       
en=ceable "r to receive paym5ts f !     
borr[]1 su* o!r p]son4  7c7 ,use (      
education b5efit = educational exp5ses  
,to upskill  7#a7 ,application by       
eligible individual ,an eligible        

individual :o desires to apply !        
education b5efit ( ! individual "u ?is  
section to ! paym5t ( qualifi$          
educational exp5ses %all1 on a =m       
prescrib$ by ! ,secret>y1 submit an     
application to ! eligible in/itution 9  
:i* ! /ud5t w be enroll$ t conta9s su*  
in=mation z ! ,secret>y may require to  
v]ify ! individual's eligibility = su*  
b5efit4  7#b7 ,submission ( reque/s =   
paym5t by in/itutions ,an eligible      
in/itution t receives "o or m           
applications t comply ) p>agraph 7#a7   
%all submit to ! ,secret>y a /atem5t1 9 
a mann] prescrib$ by ! ,secret>y1 t--   
7,a7 id5tifies ea* eligible individual  
fil+ an application "u p>agraph 7#a7 = a
 disbursem5t ( ! individual's education 
b5efit "u ?is subsection2  7,b7         
specifies ! am\nts = :i* su* eligible   
individuals are1 consi/5t ) p>agraph    
7#f71 qualifi$ = disbursem5t "u ?is     
subsection2  7,c7 c]tifies t-- 7i7 9 !  
case ( an eligible in/itution t is an   
in/itution ( high] education-- 7,i7 !   

in/itution has 9 effect a program       
p>ticipation agreem5t "u section #dhg ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajid72 &  7,,ii7 !           
in/itution's eligibility to p>ticipate 9
 any ( ! programs "u title ,,iv ( su*   
,act 7#bj ,u4,s4,c4 #ajgj et seq47 has n
 be5 limit$1 susp5d$1 or t]m9at$2 &     
7ii7 9 ! case ( an eligible in/itution t
 is n an in/itution ( high] education1  
meets ! requirem5ts ( subsection        
7d77#a77;,b72 &  7,d7 conta9s su*       
provisions conc]n+ f9ancial compliance z
 ! ,secret>y may require4  7#c7         
,disbursem5t ( paym5ts ,^u receipt ( a  
/atem5t f an eligible in/itution t      
complies ) p>agraph 7#b71 ! ,secret>y   
%all disburse ! total am\nt ( !         
education b5efit = :i* eligible         
individuals :o h submitt$ applications  
to t in/itution "u p>agraph 7#a7 are    
s*$ul$ to receive4 ,su* disbursem5t %all
 be made by *eck or o!r means t is      
payable to ! in/itution & requires !    
endorsem5t or o!r c]tification by !     

eligible individual4  7#d7 ,refund rules
 ,! ,secret>y %all1 by regulation1      
provide = ! refund to ! ,secret>y 7& !  
cr$it+ to ! education b5efit ( an       
eligible individual7 ( am\nts disburs$  
to in/itutions = ! b5efit ( eligible    
individuals :o )draw or o!rwise fail to 
complete ! p]iod ( enrollm5t = :i* !    
assi/ance 0 provid$4 ,su* regulations   
%all be consi/5t ) ! fair & equitable   
refund policies requir$ ( in/itutions   
pursuant to section #dhd;,b ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajia;b74 ,am\nts refund$ to ! ,secret>y
 pursuant to ?is p>agraph may be us$ by 
! ,secret>y to fund additional education
 b5efits = eligible individuals "u ?is  
,act4  7#e7 ,maximum b5efit = a p]iod ( 
enrollm5t ,! portion ( an eligible      
individual's total available education  
b5efit t may be disburs$ "u ?is         
subsection = any p]iod ( enrollm5t %all 
n exce$ ! diff]5ce betwe5-- 7,a7 !      
tuition & fees *>g$ to ! eligible       
individual = su* p]iod ( enrollm5t2 &   

7,b7 ! /ud5t's e/imat$ f9ancial         
assi/ance = su* p]iod "u "p ,a ( title  
,,iv ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajgj et seq474  7d7     
,def9itions ,9 ?is section3 7#a7        
,eligible in/itution ,! t]m eligible    
in/itution means-- 7,a7 an in/itution ( 
high] education-- 7i7 t has ! mean+ giv5
 su* t]m 9 section #aja ( ! ,high]      
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajja72 or  7ii7 t is a provid] on a li/
 ( eligible provid]s ( tra9+ s]vices "u 
section #abb7;d7 ( ! ,work=ce           
,innovation & ,opportunity ,act 7#bi    
,u4,s4,c4 #caeb7;d772 or  7,b7 an entity
 t (f]s a program-- 7i7 t is provid$ by 
a provid] on a li/ ( eligible provid]s (
 tra9+ s]vices "u section #abb7;d7 ( !  
,work=ce ,innovation & ,opportunity ,act
 7#bi ,u4,s4,c4 #caeb7;d772 or  7ii7 t  
is provid$ by a provid] t is n on a li/ 
describ$ 9 clause 7i7 b t1 ^u petition  
to ! ,secret>y ( ,labor by an eligible  
individual1 ! ,secret>y det]m9es bas$ on
 indicators ( p]=mance "u section #aaf (

 ! ,work=ce ,innovation & ,opportunity  
,act 7#bi ,u4,s4,c4 #cada7 has1 = at    
lea/ ! five previ\s ye>s1 a record (    
good outcomes z def9$ by ! ,/ate plan   
submitt$ "u section #ajb or #ajc ( su*  
,act 7#bi ,u4,s4,c4 #caab2 #caac7 )     
respect to su* provid]4  7#b7 ,qualifi$ 
educational exp5ses ,! t]m qualifi$     
educational exp5ses means ! co/ (       
tuition & fees *>g$ to an eligible      
individual = full-"t or "p-"t enrollm5t 
at an eligible in/itution 9 an education
 or tra9+ program t results 9 a         
recogniz$ po/second>y cr$5tial4  7#c7   
,qualifi$ /ud5t loans ,! t]m qualifi$   
/ud5t loans means-- 7,a7 any loan made1 
insur$1 or gu>ante$ "u "p ,b1 "p ,d1 or 
"p ,e ( title ,,iv ( ! ,high] ,education
 ,act ( #aife 7#bj ,u4,s4,c4 #ajgj et   
seq47 be=e ! date ( enactm5t ( ?is ,act1
 includ+-- 7i7 loans made to a p>5t     
borr[] on behalf ( a dep5d5t /ud5t "u "p
 ,b or "p ,d ( su* ,act1 if su* p>5t    
borr[] is an eligible individual "u ?is 
,act2  7ii7 consolidation loans made "u 

su* ,act2 &  7iii7 any grant treat$ z a 
loan "u su* "p ,d 9 accordance ) section
 #beh7;e71 section #dbj,m7c71 or section
 #hjg7;d7 ( su* ,act2  7,b7 a private   
education loan1 z def9$ 9 section       
#adj7;a7 ( ! ,tru? 9 ,l5d+ ,act 7#ae    
,u4,s4,c4 #afej7;a771 t-- 7i7 0         
expressly = ! co/ ( att5dance 7z def9$ 9
 section #dgb7 at an in/itution ( high] 
education p>ticipat+ 9 a loan program "u
 "p ,b1 "p ,d1 or "p ,e ( title ,,iv ( !
 ,high] ,education ,act ( #aife 7#bj    
,u4,s4,c4 #ajgj et seq471 z ( ! date t !
 loan 0 disburs$2 &  7ii7 0 made be=e ! 
date ( enactm5t ( ?is ,act2 &  7,c7 any 
loan made pursuant to title ,,vii or    
,,viii ( ! ,public ,heal? ,s]vice ,act  
7#db ,u4,s4,c4 #bib;a et seq47 be=e !   
date ( ! enactm5t ( ?is ,act4  7#d7     
,recogniz$ po/second>y cr$5tial ,! t]m  
recogniz$ po/second>y cr$5tial has !    
mean+ giv5 su* t]m 9 section #c ( !     
,work=ce ,innovation & ,opportunity ,act
 7#bi ,u4,s4,c4 #cajb74  7#e7 ,secret>y 
,! t]m ,secret>y means ! ,secret>y (    

,education4