,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ijfe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bi1        
#bjbb,mr4 ,mc,nerney introduc$ ! foll[+ 
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor  ,a ,,bill  ,to am5d
 ! ,high] ,education ,act ( #aife to    
provide int]e/ relief "u ! public s]vice
 loan =giv5ess program1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/ud5t ,loan ,e>n$ ,relief 
,act4  #b4 ,,pslf  7a7 ,r$uction (      
paym5t ,section #dee7m77#a7 ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;e7m77#a77 is am5d$-- 7#a7 9 !     
matt] prec$+ subp>agraph 7,a71 by /rik+ 
! balance ( int]e/ & pr9cipal due &     
ins]t+ #ej p]c5t ( ! balance ( int]e/ & 
pr9cipal due2  7#b7 9 subp>agraph 7,a71 
by /rik+ #abj & ins]t+ #fj2 &  7#c7 9   
subp>agraph 7,b77ii71 by /rik+ #abj &   
ins]t+ #fj4  7b7 ,loan cancellation     
am\nt2 paym5t ( int]e/ accru$ ,p>agraph 
7#b7 ( section #dee7m7 ( ! ,high]       
,education ,act ( #aife 7#bj ,u4,s4,c4  

#ajhg;e7m77#b77 is am5d$ to read z      
foll[s3  7#b7 ,loan cancellation am\nt2 
paym5t ( int]e/ accru$  7,a7 ,fir/      
employm5t p]iod ,aft] ! conclusion ( !  
fir/ employm5t p]iod describ$ 9 p>agraph
 7#a7 dur+ :i* ! borr[] has made ! fir/ 
#fj paym5ts describ$ 9 su* p>agraph1 !  
,secret>y %all-- 7i7 cancel #ej p]c5t ( 
! obligation to repay ! balance (       
pr9cipal & int]e/ due z ( ! "t ( su*    
cancellation1 on ! eligible ,f$]al      
,direct ,loans made to ! borr[] "u ?is  
"p2 &  7ii7 provide ! borr[] an am\nt   
equal to ! am\nt ( int]e/ t ! borr[] has
 paid on su* loans dur+ su* fir/        
employm5t p]iod4  7,b7 ,second employm5t
 p]iod ,aft] ! conclusion ( ! second    
employm5t p]iod describ$ 9 p>agraph 7#a7
 dur+ :i* ! borr[] has made ! second #fj
 paym5ts describ$ 9 su* p>agraph1 !     
,secret>y %all-- 7i7 cancel any rema9+  
obligation to repay ! balance ( pr9cipal
 & int]e/ due z ( ! "t ( su*            
cancellation1 on ! eligible ,f$]al      
,direct ,loans made to ! borr[] "u ?is  

"p2 &  7ii7 provide ! borr[] an am\nt   
equal to ! am\nt ( int]e/ t ! borr[] has
 paid on su* loans dur+ su* second      
employm5t p]iod4  4  7c7 ,codify+ !     
,limit$ ,,pslf waiv]s ,section #dee7m7 (
 ! ,high] ,education ,act ( #aife 7#bj  
,u4,s4,c4 #ajhg;e7m771 z am5d$ by ?is   
,act1 is fur!r am5d$ by add+ at ! end ! 
foll[+3  7#e7 ,p]man5tly re/or+ !       
promise ( ,,pslf ,not)/&+ any o!r       
provision ( ?is subsection1 ! ,secret>y 
%all c>ry out ?is subsection 9 a mann]  
consi/5t ) ! t]ms & conditions ( !      
,limit$ ,,pslf ,waiv] program c>ri$ out 
by ! ,dep>tm5t beg9n+ on ,octob] #f1    
#bjba1 & au?oriz$ by ! ,high] ,education
 ,relief ,opportunities = ,/ud5ts ,act (
 #bjjc 7#bj ,u4,s4,c4 #ajih;aa et seq471
 except t ! application & consolidation 
deadl9es = su* program %all n apply to !
 provisions ( ?is subsection4  4