H.R. 717 (105th): To amend the Higher Education Act of 1965 to continue the exemption of certain institutions of higher ...

...education serving minorities from default-based ineligibility for student loan programs.

105th Congress, 1997–1998. Text as of Feb 12, 1997 (Introduced).

Status & Summary | PDF | Source: GPO

HR 717 IH

105th CONGRESS

1st Session

H. R. 717

To amend the Higher Education Act of 1965 to continue the exemption of certain institutions of higher education serving minorities from default-based ineligibility for student loan programs.

IN THE HOUSE OF REPRESENTATIVES

February 12, 1997

Mr. FLAKE 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 continue the exemption of certain institutions of higher education serving minorities from default-based ineligibility for student loan programs.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. FINDINGS.

    The Congress finds that--

      (1) historically Black colleges and universities endeavor to educate a disproportionate number of students in need of financial assistance;

      (2) historically Black colleges and universities rely on the Federal student loan program to execute their vital mission of educating a historically underserved population;

      (3) historically Black colleges and universities have played an essential role in the development of the history and culture of the United States, educating great leaders, teachers, artists, and scientists; and

      (4) the appropriate Federal response to high loan default rates of historically Black colleges and universities is not to eliminate these schools from the programs, but to work with historically Black colleges and universities to take remedial action.

SEC. 2. EXTENSION OF EXEMPTION.

    Section 435(a)(2)(C) of the Higher Education Act of 1965 (20 U.S.C. 1085(a)(2)(C)) is amended by striking ‘July 1, 1998’ and inserting ‘October 1, 2004’.