S.Amdt. 844

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 CUTS IN FEDERAL PELL GRANTS AND NEW MANDATES THAT STUDENTS PAY INTEREST ON LOANS WHILE IN SCHOOL 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 CUTS IN FEDERAL PELL GRANTS AND NEW MANDATES THAT STUDENTS PAY INTEREST ON LOANS WHILE IN SCHOOL.

   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 or avoiding cuts to Federal Pell Grants that result in increased debt for students and families 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