Tribal College or University Teacher Loan Forgiveness Act - Amends the Higher Education Act of 1965 to provide for the cancellation of a specified percentage of the total amount of any Federal Perkins loan, Federal Family Education loan, or direct student loan for each year of employment (up to five) as a full-time teacher at a tribal college or university if the borrower is not in default on such loan. Prohibits a borrower from receiving, for the same service, such a benefit and a national service educational award. Provides that the amount of any loan forgiven under this Act shall not be treated as gross income for Federal tax purposes.
Actions
Feb 15, 2001
Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S1466)
Feb 15, 2001
Sponsor introductory remarks on measure. (CR S1465-1466)