[Congressional Record Volume 161, Number 50 (Wednesday, March 25, 2015)]
[Senate]
[Page S1938]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 844. Mr. MERKLEY submitted an amendment intended to be proposed by 
him to the concurrent resolution S. Con. Res. 11, setting forth the 
congressional budget for the United States Government for fiscal year 
2016 and setting forth the appropriate budgetary levels for fiscal 
years 2017 through 2025; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO REDUCING 
                   THE COST OF ATTENDANCE AT AN INSTITUTION OF 
                   HIGHER EDUCATION AND ENSURING THAT STUDENTS CAN 
                   AFFORD TO PAY BACK STUDENT LOANS BY AVOIDING 
                   CUTS IN FEDERAL PELL GRANTS AND NEW MANDATES 
                   THAT STUDENTS PAY INTEREST ON LOANS WHILE IN 
                   SCHOOL.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels in this resolution 
     for one or more bills, joint resolutions, amendments, 
     amendments between the Houses, motions, or conference reports 
     relating to reducing the cost of attending an institution of 
     higher education and ensuring that students who graduate can 
     afford to pay back their student loans, which may include 
     avoiding new mandates that students pay interest on Stafford 
     loans while attending an institution of higher education or 
     avoiding cuts to Federal Pell Grants that result in increased 
     debt for students and families by the amounts provided in 
     such legislation for those purposes, provided that such 
     legislation would not increase the deficit over either the 
     period of the total of fiscal years 2016 through 2020 or the 
     period of the total of fiscal years 2016 through 2025.
                                 ______