[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4468 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4468

      To amend the Higher Education Act of 1965 to reduce certain 
restrictions on the participation of proprietary institutions of higher 
            education in programs of student financial aid.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 1994

Mrs. Mink (for herself, Mrs. Unsoeld, Mr. Romero-Barcelo, Mr. Williams, 
   Mr. Klink, Mr. Engel, Mr. Pastor, Ms. Velazquez, Mr. Pickett, Mr. 
    Mollohan, Mr. Calvert, Mr. Skeen, Mr. Martinez, Mr. Kildee, Mr. 
Abercrombie, Ms. Woolsey, Mr. Cunningham, and Mr. Hilliard) introduced 
 the following bill; which was referred to the Committee on Education 
                               and Labor

_______________________________________________________________________

                                 A BILL


 
      To amend the Higher Education Act of 1965 to reduce certain 
restrictions on the participation of proprietary institutions of higher 
            education in programs of student financial aid.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF LOAN FUNDS IN CALCULATION OF 85/15 LIMITATION.

    Section 481(b) of the Higher Education Act of 1965 (20 U.S.C. 
1088(b)) is amended by adding at the end the following new sentence: 
``For the purposes of clause (6) of this subsection, funds received by 
an institution from the proceeds of loans made to students or parents 
under this title shall be considered to be funds of such students or 
parents, and not to be funds derived from funds provided under this 
title.''.

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