| Home > 106th Congressional Bills > H.R. 1751 (rh) To establish the Carrizo Plain National Conservation Area in the State of California, and for other purposes. [Reported in House] ...
H.R. 1751 (rh) To establish the Carrizo Plain National Conservation Area in the State of California, and for other purposes. [Reported in House] ...
108th CONGRESS 1st Session H. R. 1751 To expand the teacher loan forgiveness programs under the Federal Family Education Loan and Federal Direct Loan programs. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 10, 2003 Mr. Moore (for himself, Mr. Frost, Mr. Frank of Massachusetts, Mr. Davis of Illinois, Mr. Engel, Mrs. Davis of California, Mr. Rodriguez, Mr. Kucinich, Mr. Serrano, Mr. Sandlin, Ms. McCarthy of Missouri, Mrs. Jones of Ohio, Mr. Boucher, Mr. McGovern, Mr. Doyle, Mr. Davis of Florida, Mr. Stenholm, Ms. Carson of Indiana, Mr. Rangel, Mr. Udall of Colorado, Mrs. McCarthy of New York, Mr. Nadler, Mr. Abercrombie, Mr. Etheridge, and Mr. Allen) introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To expand the teacher loan forgiveness programs under the Federal Family Education Loan and Federal Direct Loan programs. 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 Recruitment and Retention Act of 2003''. SEC. 2. EXPANDED STUDENT LOAN FORGIVENESS. (a) FFEL Loans.--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: ``(3) Additional amounts for expanded program.-- ``(A) Larger amounts from appropriated funds; elimination of delay.--Notwithstanding the amount specified in paragraph (1), the aggregate amount that the Secretary may, from funds appropriated under subparagraph (D), repay under this section is a total amount equal to not more than $17,500 of the aggregate of the loan obligation on a loan made under section 428 or 428H that is outstanding after the completion of the first complete school year of service qualifying under this paragraph. Such amount shall be repaid, notwithstanding subsection (b)(1), as soon as practicable after the end of each complete school year at the rate of 15 percent of such amount for each of the first and second years of such service, 20 percent for each of the third or fourth years of such service, and 30 percent for the fifth year of such service. ``(B) Expanded service eligibility; elimination of new borrower restriction.--Notwithstanding subsection (b)(1), the Secretary shall carry out a program, through the holder of the loan, of assuming the obligation to repay, using funds appropriated under subparagraph (D), a qualified loan amount for a loan made under section 428 or 428H for any borrower who is not in default on a loan for which the borrower seeks forgiveness and who has been employed-- ``(i) as a full-time teacher in a school that qualifies under section 465(a)(2)(A) for loan cancellation for Perkins loan recipients who teach in such schools; ``(ii) as a full-time special education teacher, as described in section 465(a)(2)(C); or ``(iii) as a full-time teacher of mathematics, science, foreign languages, bilingual education, or any other field of expertise where the State educational agency determines there is a shortage of qualified teachers. ``(C) Award basis; priority.--The Secretary shall make payments under this paragraph to elementary or secondary school teachers who meet the requirements of subparagraph (B) on a first-come first-served basis, subject to the availability of appropriations. ``(D) Authorization of appropriations.--There are authorized to be appropriated to carry out this paragraph such sums as may be necessary for fiscal year 2003 and for each of the 4 succeeding fiscal years.''. (b) Direct Loans.--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: <all>
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