3.0.0 3281 2023-01-11T13:20:16Z 2023-01-11T13:20:16Z Senate S S 2010-04-29 111 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2010-04-29T19:50:05Z 2010-04-29 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2010-04-29 Sponsor introductory remarks on measure. (CR S2805) IntroReferral B00100 9 Library of Congress 2010-04-29 Introduced in Senate IntroReferral 10000 9 Library of Congress S000709 Sen. Specter, Arlen [D-PA] ARLEN SPECTER D PA N Education Adult education and literacy Department of Education Education of the disadvantaged Education programs funding Executive agency funding and structure Government employee pay, benefits, personnel management Higher education Interest, dividends, interest rates Medical education Minority education Nursing Student aid and college costs Education 00 2010-04-29 Introduced in Senate 2010-05-11T15:13:12Z Student Loan Forgiveness and Repayment Assistance Act of 2010 - Amends the Higher Education Act of 1965 to lower the cap on annual, income-based student loan repayments for new borrowers of Direct Loans after July 1, 2014, from 10% to 7% of the amount by which a borrower's and the borrower's spouse's adjusted gross income exceeds 150% of the poverty line.

Requires the Secretary of Education to forgive the remaining balance of such loans after 15 (currently, 20) years of repayment.

Cancels a public service employee's obligation to repay 5% of the balance of his or her principal and interest on a Direct Loan after 60 monthly payments, 72 monthly payments, 84 monthly payments, 96 monthly payments, and 108 monthly payments as such employee. Requires the Secretary to cancel all of their remaining balance after 120 monthly payments.

Amends the Public Health Service Act to set the interest rate on student loans under the Health Professions Education program and the Nursing Workforce Development program at 3.5%.

Directs the Secretary to establish a pilot program awarding competitive grants to historically Black colleges and universities and other minority-serving institutions to enable them, without increasing student costs, to increase their: (1) capacity for degree-granting, certificate-granting, adult education, and noncredit programs; (2) student graduation rates.

Amends the Department of Education Organization Act to establish an Assistant Secretary for the Evaluation and Promotion of Accessibility and Affordability in Higher Education in the Department of Education, who shall report quarterly to Congress regarding trends in, and means of increasing, the accessibility and affordability of higher education.

]]> Student Loan Forgiveness and Repayment Assistance Act of 2010 Display Title Student Loan Forgiveness and Repayment Assistance Act of 2010 Official Title as Introduced A bill to expand student loan forgiveness, to provide loan repayment assistance, and for other purposes. Introduced in Senate IS Short Titles as Introduced Student Loan Forgiveness and Repayment Assistance Act of 2010 Introduced in Senate 2010-04-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3281is/xml/BILLS-111s3281is.xml 2010-04-29 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.