H.R. 4639 · 100th Congress · enacted
A bill to amend the Higher Education Act of 1965 to prevent abuses in the Supplemental Loans for Students program under part B of title IV of the Higher Education Act of 1965, and for other purposes.
Became Public Law No: 100-369.
Latest official action 1988-07-18 · Enacted
The bill, briefly
(Measure passed House, amended, roll call #170 (408-0)) Amends the Higher Education Act of 1965 (the Act) to remove the exemption for Supplemental Loans for Students (SLS loans) from certain eligibility requirements under title IV (Student Assistance) of the Act. Revises such requirements to provide that SLS and Guaranteed Student Loan (GSL loan) recipients must have: (1) received a determination of eligibility or ineligibility for a Pell Grant for the relevant period of enrollment; and (2) filed an application for such a grant, if determined to be eligible. Requires, for eligibility for an SLS loan for any period of enrollment, that a student must have: (1) received a determination of need for a GSL loan; and (2) applied for such a loan, if determined to have need for it. Reduces the amount of an individual's SLS loan eligibility by the amount of such individual's GSL loan eligibility (added to other financial aid). Revises the conditions of SLS eligibility of undergraduate dependent students. Requires "exceptional" (rather than "extenuating") circumstances to preclude such a student's parents from borrowing under the parent loan (PLUS loan) program. Requires appropriate documentation that such circumstances exist to be maintained in the institution's records to support such determination. Requires that SLS loans be disbursed in a specified manner to reduce student interest c…
Congressional Research Service · 1988-06-08
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What happened after enactment?
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