II 109th CONGRESS 1st Session S. 1536 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.

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Short title

This Act may be cited as the Loan Manageability for Armed Forces in Higher Eucation Act.

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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:

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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.

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