To establish a deficit-neutral reserve fund relating to restoring reductions in the Republican budget to the Stafford loan program that would mandate that students currently in college pay interest on their loans before they have received their education benefits, to make college more affordable, to reduce the debt burden of students, and to help graduates afford to pay back student loans.

1. Adds 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 NEW MANDATES THAT STUDENTS PAY INTEREST wherever appropriate

   Adds a section

   Inserted: 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 NEW MANDATES THAT STUDENTS PAY INTEREST.

   Inserted: 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 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.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed