[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1536 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 1536

To provide certain members of the Armed Forces with a deferment of all 
 loan payments under title IV of the Higher Education Act of 1965, and 
to provide such members with the option to reenroll in institutions of 
          higher education after completion of their service.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 28, 2005

Mrs. Murray (for herself, Mr. Kennedy, and Mrs. Clinton) introduced the 
 following bill; which was read twice and referred to the Committee on 
                 Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
To provide certain members of the Armed Forces with a deferment of all 
 loan payments under title IV of the Higher Education Act of 1965, and 
to provide such members with the option to reenroll in institutions of 
          higher education after completion of their service.

    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 ``Loan Manageability for Armed Forces 
in Higher Eucation Act''.

SEC. 2. STUDENT LOAN DEFERMENT FOR CERTAIN MEMBERS OF THE ARMED FORCES.

    Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 
1088 et seq.) is amended by adding at the end the following:

``SEC. 494. STUDENT LOAN DEFERMENT FOR CERTAIN MEMBERS OF THE ARMED 
              FORCES.

    ``Notwithstanding any other provision of this Act--
            ``(1) a member of the Armed Forces serving in a combat 
        operation or combat zone, as designated by the Secretary of 
        Defense, or a member of a reserve component of the Armed Forces 
        who is serving pursuant to a call or order to active duty for a 
        period of more than 30 days, shall be eligible for a deferment 
        of any loan made, insured, or guaranteed under this title, 
        under which periodic installments of principal need not be 
        paid, but interest shall accrue and be paid by the Secretary, 
        during the period of such service and for 6 months after such 
        period; and
            ``(2) each institution of higher education that 
        participates in any program under this title shall provide, to 
        each student who is enrolled in the institution at the 
        commencement of such service, the option to reenroll in the 
        institution after the completion of such service.''.
                                 <all>