Amendment clarifies the information provided to first-time borrowers; clarifies that borrowers must accept their loans annually after the completion of the other counseling requirements; requires that the Secretary of Education, acting through the Director of the Institute of Education Sciences, must conduct a longitudinal study of the impact and effectiveness of the student loan counseling required under this act; and makes other technical corrections.
What it does: 5 changes: replaces text, rewrites a provision, inserts text, renumbers, adds a section
Rep. John Kline (R-MN)Description
An amendment No. 1 printed in part B of House Report 113-546 to clarify the information provided to first-time borrowers; clarify that borrowers must accept their loans annually after the completion of the other counseling requirements; require that the Secretary of Education, acting through the Director of the Institute of Education Sciences, must conduct a longitudinal study of the impact and effectiveness of the student loan counseling required under this act; and other minor technical edits.
What it changes
5 changes to H.R. 4984
We couldn't read part of this amendment. That part is shown as written below.
Change 1: Replaces “borrower” with “individual”
[struck: borrower][inserted: individual]Original wording
Page 2, line 7, strike “borrower” and insert “individual”.
Change 2: Rewrites subparagraph (C)
Removes subparagraph (C) of the printed bill. See that page
Inserted: (C) For a first-time borrower of such loan--
Inserted: (i) a statement of the anticipated balance on the loan for which the borrower is receiving counseling under this subsection;
Inserted: (ii) based on such anticipated balance, the anticipated monthly payment amount under the standard repayment plan; and
Inserted: (iii) an estimate of the projected monthly payment amount under the standard repayment plan, based on the average cumulative indebtedness of other borrowers of Federal Direct PLUS Loans made on behalf of dependent students who are in the same program of study as the student on whose behalf the borrower borrowed the loan.
Original wording
Page 11, beginning line 7, amend subparagraph (C) to read as follows:
Change 3: Inserts “after receiving the applicable counseling under paragraphs (2), (4), and (5) for the loan” after “ensure that”
…ensure that[inserted: after receiving the applicable counseling under paragraphs (2), (4), and (5) for the loan]…
Original wording
Page 13, line 17, insert “after receiving the applicable counseling under paragraphs (2), (4), and (5) for the loan” after “ensure that”.
Change 4: Renumbers section (5) as (6)
Original wording
Page 19, beginning line 1, redesignate section 5 as section 6.
Change 5: Adds SEC. 5. LONGITUDINAL STUDY ON THE EFFECTIVENESS OF STUDENT LOAN COUNSELING on page 18, line 24
Adds a sectionPrinted pageInserted: SEC. 5. LONGITUDINAL STUDY ON THE EFFECTIVENESS OF STUDENT LOAN COUNSELING.
Inserted: (a) In General.--Not later than 1 year after the date of enactment of this Act, the Secretary of Education, acting through the Director of the Institute of Education Sciences, shall begin conducting a rigorous, longitudinal study of the impact and effectiveness of the student loan counseling--
Inserted: (1) provided under subsections (b), (l), and (n) of section 485 of the Higher Education Act of 1965 (20 U.S.C. 1092), as amended by this Act; and
Inserted: (2) provided through such other means as the Secretary of Education may determine.
Inserted: (b) Contents.--
Inserted: (1) Borrower information.--The longitudinal study carried out under subsection (a) shall include borrower information, in the aggregate and disaggregated by race, ethnicity, gender, income, and status as an individual with a disability, on--
Inserted: (A) student persistence;
Inserted: (B) degree attainment;
Inserted: (C) program completion;
Inserted: (D) successful entry into student loan repayment;
Inserted: (E) cumulative borrowing levels; and
Inserted: (F) such other factors as the Secretary of Education may determine.
Show 2 more inserted paragraphsShow less
Inserted: (2) Exception.--The disaggregation under paragraph (1) shall not be required in a case in which the number of borrowers in a category is insufficient to yield statistically reliable information or the results would reveal personally identifiable information about an individual borrower.
Inserted: (c) Interim Reports.--Not later than 18 months after the commencement of the study under subsection (a), and annually thereafter, the Secretary of Education shall evaluate the progress of the study and report any short-term findings to the appropriate committees of Congress.
Original wording
Page 18, after line 24, insert the following:
Shown as written
Beginning page 7, line 12, amend subparagraph (L) to read as follows:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 2, line 7, strike “borrower” and insert “individual”.
Beginning page 7, line 12, amend subparagraph (L) to read as follows:
“(L) For a first-time borrower--
“(i) a statement of the anticipated balance on the loan for which the borrower is receiving counseling under this subsection;
“(ii) based on such anticipated balance, the anticipated monthly payment amount under, at minimum--
“(I) the standard repayment plan; and
“(II) an income-based repayment plan under section 493C, as determined using regionally available data from the Bureau of Labor Statistics of the average starting salary for the occupation in which the borrower has an interest in or intends to be employed; and
“(iii) an estimate of the projected monthly payment amount under each repayment plan described in clause (ii), based on the average cumulative indebtedness at graduation for borrowers of loans made under part D who are in the same program of study as the borrower.”.
Page 11, beginning line 7, amend subparagraph (C) to read as follows:
“(C) For a first-time borrower of such loan--
“(i) a statement of the anticipated balance on the loan for which the borrower is receiving counseling under this subsection;
“(ii) based on such anticipated balance, the anticipated monthly payment amount under the standard repayment plan; and
“(iii) an estimate of the projected monthly payment amount under the standard repayment plan, based on the average cumulative indebtedness of other borrowers of Federal Direct PLUS Loans made on behalf of dependent students who are in the same program of study as the student on whose behalf the borrower borrowed the loan.”.
Page 13, line 17, insert “after receiving the applicable counseling under paragraphs (2), (4), and (5) for the loan” after “ensure that”.
Page 19, beginning line 1, redesignate section 5 as section 6.
Page 18, after line 24, insert the following:
SEC. 5. LONGITUDINAL STUDY ON THE EFFECTIVENESS OF STUDENT LOAN COUNSELING.
(a) In General.--Not later than 1 year after the date of enactment of this Act, the Secretary of Education, acting through the Director of the Institute of Education Sciences, shall begin conducting a rigorous, longitudinal study of the impact and effectiveness of the student loan counseling--
(1) provided under subsections (b), (l), and (n) of section 485 of the Higher Education Act of 1965 (20 U.S.C. 1092), as amended by this Act; and
(2) provided through such other means as the Secretary of Education may determine.
(b) Contents.--
(1) Borrower information.--The longitudinal study carried out under subsection (a) shall include borrower information, in the aggregate and disaggregated by race, ethnicity, gender, income, and status as an individual with a disability, on--
(A) student persistence;
(B) degree attainment;
(C) program completion;
(D) successful entry into student loan repayment;
(E) cumulative borrowing levels; and
(F) such other factors as the Secretary of Education may determine.
(2) Exception.--The disaggregation under paragraph (1) shall not be required in a case in which the number of borrowers in a category is insufficient to yield statistically reliable information or the results would reveal personally identifiable information about an individual borrower.
(c) Interim Reports.--Not later than 18 months after the commencement of the study under subsection (a), and annually thereafter, the Secretary of Education shall evaluate the progress of the study and report any short-term findings to the appropriate committees of Congress.
Legislative Activity
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House amendment offered
July 24, 2014
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House amendment offered
July 24, 2014
Amendment agreed to Committee of the Whole
July 24, 2014 • 1:07 PM
Amendment agreed to Committee of the Whole
July 24, 2014 • 1:07 PM
House amendment agreed to: On agreeing to the Kline amendment (A001) Agreed to by voice vote.
July 24, 2014 • 1:07 PM
House amendment offered/reported by: Amendment (A001) offered by Mr. Kline.(consideration: CR H6763; text: CR H6763)
July 24, 2014 • 1:03 PM
Amendment (A001) offered by Mr. Kline. (consideration: CR H6763; text: CR H6763)
July 24, 2014 • 1:03 PM
On agreeing to the Kline amendment (A001) Agreed to by voice vote.
July 24, 2014 • 1:07 PM