[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 717 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 717

To amend the Higher Education Act of 1965 to continue the exemption of 
   certain institutions of higher education serving minorities from 
         default-based ineligibility for student loan programs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 1997

  Mr. Flake introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to continue the exemption of 
   certain institutions of higher education serving minorities from 
         default-based ineligibility for student loan programs.

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

SECTION 1. FINDINGS.

    The Congress finds that--
            (1) historically Black colleges and universities endeavor 
        to educate a disproportionate number of students in need of 
        financial assistance;
            (2) historically Black colleges and universities rely on 
        the Federal student loan program to execute their vital mission 
        of educating a historically underserved population;
            (3) historically Black colleges and universities have 
        played an essential role in the development of the history and 
        culture of the United States, educating great leaders, 
        teachers, artists, and scientists; and
            (4) the appropriate Federal response to high loan default 
        rates of historically Black colleges and universities is not to 
        eliminate these schools from the programs, but to work with 
        historically Black colleges and universities to take remedial 
        action.

SEC. 2. EXTENSION OF EXEMPTION.

    Section 435(a)(2)(C) of the Higher Education Act of 1965 (20 U.S.C. 
1085(a)(2)(C)) is amended by striking ``July 1, 1998'' and inserting 
``October 1, 2004''.
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