Terrorism Survivors Student Loan Deferment Act

To amend the Higher Education Act of 1965 to provide student loan deferment for victims of terrorist attacks. 1. Short title This Act may be cited as the Terrorism Survivors Student Loan Deferment Act 2. Student loan deferment for victims of terrorist attacks (a) Terms of federally insured student loans Section 427(a)(2)(C) of the Higher Education Act of 1965 ( 20 U.S.C. 1077(a)(2)(C) (1) in clause (ii), by striking or (2) in clause (iii), by inserting or (3) by inserting after clause (iii) the following: (iv) not in excess of 1 year due to the borrower being a victim of a terrorist attack; . (b) FFEL program Section 428(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b) (1) in paragraph (1)(M)— (A) in clause (iii), by striking or (II); or or (II); (B) in clause (iv), by inserting or (C) by adding at the end the following: (v) not in excess of 1 year due to the borrower being a victim of a terrorist attack as described in paragraph (10); ; and (2) by adding at the end the following: (10) Deferment for victims of terrorist attacks For purposes of deferment under paragraph (1)(M)(v), a victim of a terrorist attack is an individual who is designated as a victim of a terrorist attack by the head of the Federal agency that is handling the investigation of the attack. . (c) Direct loans Section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e (1) in subsection (e)(7)(B)(i), by inserting or due to the borrower being a victim of a terrorist attack section 435(o) (2) in subsection (f)— (A) in paragraph (2)— (i) in subparagraph (C), by striking clause (i) or (ii); or clause (i) or (ii); (ii) in subparagraph (D), by striking the period at the end and inserting ; or (iii) by adding at the end the following: (E) not in excess of 1 year due to the borrower being a victim of a terrorist attack as described in paragraph (5). ; and (B) by adding at the end the following: (5) Deferment for victims of terrorist attacks For purposes of deferment under paragraph (2)(E), a victim of a terrorist attack is an individual who is designated as a victim of a terrorist attack by the head of the Federal agency that is handling the investigation of the attack. . (d) Federal Perkins loans Section 464(c)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1087dd(c)(2) (1) in subparagraph (A)— (A) in clause (iv), by striking or (B) in clause (v), by inserting or (C) by inserting after clause (v) the following: (vi) not in excess of 1 year due to the borrower being a victim of a terrorist attack as described in subparagraph (D); ; and (2) by adding at the end the following: (D) For purposes of deferment under subparagraph (A)(vi), a victim of a terrorist attack is an individual who is designated as a victim of a terrorist attack by the head of the Federal agency that is handling the investigation of the attack. . (e) Designating victims of terrorist attacks The head of the Federal agency that is handling the investigation of a terrorist attack, or has handled the investigation of a terrorist attack, shall designate the individuals who are victims of such terrorist attack. (f) Anti-Fraud protections The Secretary of Education shall establish anti-fraud protections in carrying out the amendments made by this Act.

Summary: Terrorism Survivors Student Loan Deferment Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower who is a victim of a terrorist attack to defer (i.e., suspend repayments on) student loans made under the Federal Family Education Loan, Federal Direct Loan, and Federal Perkins Loan programs.