[Congressional Record Volume 164, Number 138 (Monday, August 20, 2018)]
[Senate]
[Page S5730]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3785. Mr. JONES (for himself and Mr. Coons) submitted an amendment 
intended to be proposed to amendment SA 3695 proposed by Mr. Shelby to 
the bill H.R. 6157, making appropriations for the Department of Defense 
for the fiscal year ending September 30, 2019, and for other purposes; 
which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:
       Sec. ___. (a) There are appropriated, in addition to 
     amounts otherwise made available under this Act for such 
     purpose, $15,000,000 to provide for the deferment of loans 
     made under part D of title III of the Higher Education Act of 
     1965 to eligible Historically Black Colleges and 
     Universities, which apply for the deferment of such a loan. 
     The Secretary of Education shall establish the criteria to 
     determine an eligible applicant's need based on such factors 
     as , including but not limited to, a score of 2.6 or less on 
     the Department of Education's financial responsibility test 
     for private HBCUs or the ratio of an institution's debt 
     service relative to their revenue for public HBCUs. Provided, 
     however, that during the period of deferment of such a loan, 
     interest on the loan will not accrue or be capitalized, and 
     the period of deferment shall be for at least a period of 3 
     fiscal years and not more than 6 fiscal years.
       (b) Notwithstanding any other provision of this Act, the 
     total amount appropriated under the heading ``program 
     administration'' under the heading ``Departmental 
     Management'' for the Department of Education is hereby 
     reduced by $15,000,000.
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