S.Amdt. 3785

SA 3785. Mr. JONES (for himself and Mr. Coons) submitted an amendment
intended to be proposed to amendment SA 3695 proposed by Mr. Shelby to
the bill H.R. 6157, making appropriations for the Department of Defense
for the fiscal year ending September 30, 2019, and for other purposes;
which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:
Sec. ___. (a) There are appropriated, in addition to
amounts otherwise made available under this Act for such
purpose, $15,000,000 to provide for the deferment of loans
made under part D of title III of the Higher Education Act of
1965 to eligible Historically Black Colleges and
Universities, which apply for the deferment of such a loan.
The Secretary of Education shall establish the criteria to
determine an eligible applicant's need based on such factors
as , including but not limited to, a score of 2.6 or less on
the Department of Education's financial responsibility test
for private HBCUs or the ratio of an institution's debt
service relative to their revenue for public HBCUs. Provided,
however, that during the period of deferment of such a loan,
interest on the loan will not accrue or be capitalized, and
the period of deferment shall be for at least a period of 3
fiscal years and not more than 6 fiscal years.
(b) Notwithstanding any other provision of this Act, the
total amount appropriated under the heading ``program
administration'' under the heading ``Departmental
Management'' for the Department of Education is hereby
reduced by $15,000,000.
______