Tribal College or University Teacher Loan Forgiveness Act

Fact Sheet API

Bill Number

HR 365

Introduced

Jan 27, 2003

Latest Action

Referred to the Subcommittee on 21st Century Competitiveness.

Sponsor

Cosponsors

Topics

College teachers Economics and Public Finance Education Federal aid to education Federal aid to Indians Federally-guaranteed loans Finance and Financial Sector Higher education Income tax Indian education Minorities Native Americans Scholarships Student loan funds Tax exclusion Taxation

Full Text

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Votes

Summary

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 21, 2003

Referred to the Subcommittee on 21st Century Competitiveness.
Jan 27, 2003

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jan 27, 2003

Introduced in House

Amendments

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