[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6144 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6144

   To amend the Higher Education Act of 1965 to expand teacher loan 
                              forgiveness.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 22, 2008

   Mr. Baca introduced the following bill; which was referred to the 
                    Committee on Education and Labor

_______________________________________________________________________

                                 A BILL


 
   To amend the Higher Education Act of 1965 to expand teacher loan 
                              forgiveness.

    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 Education Assistance 
Creating Hope for Our Future Act of 2008'', or the ``TEACH for Our 
Future Act of 2008''.

SEC. 2. FFEL PROGRAM LOAN FORGIVENESS FOR TEACHERS.

    Section 428J of the Higher Education Act of 1965 (20 U.S.C. 1078-
10) is amended--
            (1) by amending subsection (b) to read as follows:
    ``(b) Program Authorized.--
            ``(1) In general.--The Secretary shall carry out a program, 
        through the holder of the loan, of assuming the obligation to 
        repay a qualified loan amount for a loan made under section 428 
        or 428H, in accordance with subsection (c), for any borrower--
                    ``(A) who--
                            ``(i) has been employed as a full-time 
                        elementary school or secondary school teacher 
                        for 5 consecutive complete school years at any 
                        public school; or
                            ``(ii) is a new borrower on or after 
                        October 1, 1998, and who has been employed as a 
                        full-time private school teacher for 5 
                        consecutive complete school years--
                                    ``(I) in a school that qualifies 
                                under section 465(a)(2)(A) for loan 
                                cancellation for Perkins loan 
                                recipients who teach in such schools; 
                                and
                                    ``(II) if employed as an elementary 
                                school or secondary school teacher, is 
                                highly qualified as defined in section 
                                9101 of the Elementary Secondary 
                                Education Act of 1965, or meets the 
                                requirements of subsection (g)(3); and
                    ``(B) who is not in default on a loan for which the 
                borrower seeks forgiveness.
            ``(2) Special rule.--No borrower may obtain a reduction of 
        loan obligations under both this section and section 460.'';
            (2) in subsection (c)--
                    (A) by amending paragraph (1) to read as follows:
            ``(1) In general.--Of the loan obligation on a loan made 
        under section 428 or 428H that is outstanding after the 
        completion of the fifth complete school year of teaching 
        described in subsection (b)(1)(A), the Secretary shall repay 
        not more than--
                    ``(A) $25,000 in the aggregate for a borrower 
                described in subsection (b)(1)(A)(i); and
                    ``(B) $5,000 in the aggregate for a borrower 
                described in subsection (b)(1)(A)(ii), except as 
                provided in paragraph (3) of this subsection.''; and
                    (B) in paragraph (3)--
                            (i) in the header, by inserting ``private 
                        school'' before ``teachers'';
                            (ii) in subparagraph (A)(i), by striking 
                        ``subsection (b)'' and inserting ``subsection 
                        (b)(1)(A)(ii)'';
                            (iii) in subparagraph (B)(i), by striking 
                        ``subsection (b)'' and inserting ``subsection 
                        (b)(1)(A)(ii)''; and
                            (iv) in subparagraph (B)(iii), by striking 
                        ``public or'' before ``non-profit''; and
            (3) in subsection (g)--
                    (A) in paragraph (1)(A), by striking ``(b)(1)(A)'' 
                and inserting ``(b)(1)(A)(ii)(I)''; and
                    (B) in paragraph (3), by striking ``(b)(1)(B)'' and 
                inserting ``(b)(1)(A)(ii)(II)''.

SEC. 3. DIRECT LOAN PROGRAM LOAN FORGIVENESS FOR TEACHERS.

    Section 460 of the Higher Education Act of 1965 (20 U.S.C. 1087j) 
is amended--
            (1) in subsection (b), by amending paragraph (1) to read as 
        follows:
            ``(1) In general.--The Secretary shall carry out a program 
        of canceling the obligation to repay a qualified loan amount in 
        accordance with subsection (c) for Federal Direct Stafford 
        Loans and Federal Direct Unsubsidized Stafford Loans made under 
        this part for any borrower--
                    ``(A) who--
                            ``(i) has been employed as a full-time 
                        elementary school or secondary school teacher 
                        for 5 consecutive complete school years at any 
                        public school; or
                            ``(ii) is a new borrower on or after 
                        October 1, 1998, and who has been employed as a 
                        full-time private school teacher for 5 
                        consecutive complete school years--
                                    ``(I) in a school that qualifies 
                                under section 465(a)(2)(A) for loan 
                                cancellation for Perkins loan 
                                recipients who teach in such schools; 
                                and
                                    ``(II) if employed as an elementary 
                                school or secondary school teacher, is 
                                highly qualified as defined in section 
                                9101 of the Elementary Secondary 
                                Education Act of 1965, or meets the 
                                requirements of subsection (g)(3); and
                    ``(B) who is not in default on a loan for which the 
                borrower seeks forgiveness.'';
            (2) in subsection (c)--
                    (A) by amending paragraph (1) to read as follows:
            ``(1) In general.--Of the loan obligation on a Federal 
        Direct Stafford Loan or a Federal Direct Unsubsidized Stafford 
        Loan that is outstanding after the completion of the fifth 
        complete school year of teaching described in subsection 
        (b)(1)(A), the Secretary shall cancel not more than--
                    ``(A) $25,000 in the aggregate for a borrower 
                described in subsection (b)(1)(A)(i); and
                    ``(B) $5,000 in the aggregate for a borrower 
                described in subsection (b)(1)(A)(ii), except as 
                provided in paragraph (3) of this subsection.''; and
                    (B) in paragraph (3)--
                            (i) in the header, by inserting ``private 
                        school'' before ``teachers'';
                            (ii) in subparagraph (A)(i), by striking 
                        ``subsection (b)(1)'' and inserting 
                        ``subsection (b)(1)(A)(ii)'';
                            (iii) in subparagraph (B)(i), by striking 
                        ``subsection (b)(1)'' and inserting 
                        ``subsection (b)(1)(A)(ii)''; and
                            (iv) in subparagraph (B)(iii), by striking 
                        ``public or'' before ``non-profit''; and
            (3) in subsection (g)--
                    (A) in paragraph (1)(A), by striking ``(b)(1)(A)'' 
                and inserting ``(b)(1)(A)(ii)(I)''; and
                    (B) in paragraph (3), by striking ``(b)(1)(A)(ii)'' 
                and inserting ``(b)(1)(A)(ii)(II)''.
                                 <all>