[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4956 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4956

   To increase the amount of student loans that may be forgiven for 
   service as a teacher in a school with a high concentration of low-
                            income students.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2000

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

_______________________________________________________________________

                                 A BILL


 
   To increase the amount of student loans that may be forgiven for 
   service as a teacher in a school with a high concentration of low-
                            income students.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Teacher Loan Forgiveness Act of 
2000''.

SEC. 2. INCREASE IN AMOUNT OF STUDENT LOANS ELIGIBLE FOR FORGIVENESS 
              FOR SERVICE AS A TEACHER.

    (a) Guaranteed Loans.--Section 428J(c)(1) of the Higher Education 
Act of 1965 (20 U.S.C. 1078-10(c)(1)) is amended by striking ``$5,000'' 
and inserting ``$12,800''.
    (b) Direct Loans.--Section 460(c)(1) of the Higher Education Act of 
1965 (20 U.S.C. 1087j(c)(1)) is amended by striking ``$5,000'' and 
inserting ``$12,800''.
                                 <all>