[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2881 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 2881

  To amend the Higher Education Act of 1965 to increase the amount of 
  loan forgiveness available to highly qualified teachers employed in 
   low-income schools who teach in the same school district for five 
                           consecutive years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 31, 2013

 Mr. Butterfield (for himself, Mr. Price of North Carolina, Ms. Lee of 
 California, Mrs. Beatty, Ms. Kelly of Illinois, Ms. Jackson Lee, Mr. 
McIntyre, Mr. Bishop of Georgia, Mr. Jeffries, Mr. Payne, Ms. Bass, Mr. 
Carson of Indiana, Ms. Clarke, Mr. Richmond, Mr. Lewis, Ms. Kaptur, Mr. 
  Cleaver, Mr. Scott of Virginia, Ms. Brown of Florida, and Ms. Eddie 
  Bernice Johnson of Texas) introduced the following bill; which was 
        referred to the Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
  To amend the Higher Education Act of 1965 to increase the amount of 
  loan forgiveness available to highly qualified teachers employed in 
   low-income schools who teach in the same school district for five 
                           consecutive years.

    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 ``Support Educators and Reinvest in 
Valuable Education Act'' or ``SERVE Act''.

SEC. 2. ADDITIONAL LOAN FORGIVENESS FOR HIGHLY QUALIFIED TEACHERS 
              EMPLOYED IN A LOW-INCOME SCHOOL IN THE SAME LOCAL 
              EDUCATIONAL AGENCY FOR 5 CONSECUTIVE YEARS.

    (a) Federal Family Education Loan Program.--Section 428J(c) of the 
Higher Education Act of 1965 (20 U.S.C. 1078-10(c)) is amended by 
adding at the end the following new paragraph:
            ``(4) Additional amounts for teachers employed by the same 
        local educational agency for 5 consecutive complete school 
        years.--
                    ``(A) Amounts.--Notwithstanding the amount 
                specified in paragraph (1), the aggregate amount that 
                the Secretary shall repay under this section shall be 
                not more than $17,500 in the case of an elementary or 
                secondary school teacher--
                            ``(i) who meets the requirements of 
                        subsection (b); and
                            ``(ii) who has been employed as a full-time 
                        teacher for 5 consecutive complete school years 
                        at the same local educational agency.
                    ``(B) Inclusion of plus loans.--A loan made under 
                section 428B (other than an excepted PLUS loan) shall 
                be considered a qualified loan amount for purposes of 
                this paragraph.
                    ``(C) Treatment of consolidation loans.--
                Notwithstanding paragraph (2), a loan amount for a loan 
                made under section 428C may be a qualified loan amount 
                for the purposes of this paragraph only to the extent 
                that such loan amount was used to repay a Federal 
                Direct Stafford Loan, a Federal Direct Unsubsidized 
                Stafford Loan, a Federal Direct PLUS Loan (other than 
                an excepted PLUS loan), or a loan made under section 
                428, 428B (other than an excepted PLUS loan), or 428H 
                for a borrower who meets the requirements of 
                subparagraph (A), as determined in accordance with 
                regulations prescribed by the Secretary.
                    ``(D) Excepted plus loan.--In this paragraph, the 
                term `excepted PLUS loan' has the meaning given the 
                term in section 493C(a).''.
    (b) William D. Ford Federal Direct Loan Program.--Section 460(c) of 
the Higher Education Act of 1965 (20 U.S.C. 1087j(c)) is amended by 
adding at the end the following new paragraph:
            ``(4) Additional amounts for teachers employed by the same 
        local educational agency for 5 consecutive complete school 
        years.--
                    ``(A) Amounts.--Notwithstanding the amount 
                specified in paragraph (1), the aggregate amount that 
                the Secretary shall cancel under this section shall be 
                not more than $17,500 in the case of an elementary or 
                secondary school teacher--
                            ``(i) who meets the requirements of 
                        subsection (b); and
                            ``(ii) who has been employed as a full-time 
                        teacher for 5 consecutive complete school years 
                        at the same local educational agency.
                    ``(B) Inclusion of plus loans.--A Federal Direct 
                PLUS Loan (other than an excepted PLUS loan) shall be 
                considered a qualified loan amount for purposes of this 
                paragraph.
                    ``(C) Treatment of consolidation loans.--
                Notwithstanding paragraph (2), a loan amount for a 
                Federal Direct Consolidation Loan may be a qualified 
                loan amount for the purposes of this paragraph only to 
                the extent that such loan amount was used to repay a 
                Federal Direct Stafford Loan, a Federal Direct 
                Unsubsidized Stafford Loan, a Federal Direct PLUS Loan 
                (other than an excepted PLUS loan), or a loan made 
                under section 428, 428B (other than an excepted PLUS 
                loan), or 428H for a borrower who meets the 
                requirements of subparagraph (A), as determined in 
                accordance with regulations prescribed by the 
                Secretary.
                    ``(D) Excepted plus loan.--In this paragraph, the 
                term `excepted PLUS loan' has the meaning given the 
                term in section 493C(a).''.
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