[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1534 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1534

To amend the Higher Education Act of 1965 to delay the commencement of 
the student loan repayment period for certain students called to active 
                       duty in the Armed Forces.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 13, 1997

Mr. Torricelli introduced the following bill; which was read twice and 
         referred to the Committee on Labor and Human Resources

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to delay the commencement of 
the student loan repayment period for certain students called to active 
                       duty in the Armed Forces.

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

SECTION 1. DELAY IN COMMENCEMENT OF REPAYMENT PERIOD.

    (a) Federal Stafford Loans and Federal Direct Stafford/Ford 
Loans.--Section 428(b)(7) of the Higher Education Act of 1965 (20 
U.S.C. 1078(b)(7)) is amended by adding at the end the following:
            ``(D) There shall be excluded from the 6 month period that 
        begins on the date on which a student ceases to carry at least 
        one-half the normal full-time academic workload as described in 
        subparagraph (A)(i) any period not to exceed 3 years during 
        which a borrower who is a member of a reserve component of the 
        Armed Forces named in section 10101 of title 10, United States 
        Code, is called or ordered to active duty for a period of more 
        than 30 days (as defined in section 101(d)(2) of such 
        title).''.
    (b) Federal Perkins Loans.--Section 464(c) of the Higher Education 
Act of 1965 (20 U.S.C. 1087dd(c)) is amended by adding at the end the 
following:
    ``(7) There shall be excluded from the 9 month period that begins 
on the date on which a student ceases to carry at least one-half the 
normal full-time academic workload as described in paragraph (1)(A) any 
period not to exceed 3 years during which a borrower who is a member of 
a reserve component of the Armed Forces named in section 10101 of title 
10, United States Code, is called or ordered to active duty for a 
period of more than 30 days (as defined in section 101(d)(2) of such 
title).''.
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