‘‘(i) is highly qualified as such term is 
defined in section 9101 of the Elementary 
and Secondary Education Act of 1965; and 
‘‘(ii) (I) has obtained employment as 
a teacher for service in a public or non-
profit private elementary or secondary 
school which is in the school district of a 
local educational agency which is eligible in 
such year for assistance pursuant to title I 
of the Elementary and Secondary Edu-
cation Act of 1965, and which for the pur-
pose of this paragraph and for that year 
has been determined by the Secretary 
(pursuant to regulations and after con-
sultation with the State educational agency 
of the State in which the school is located) 
to be a school in which the enrollment of 
children counted under section 1113(a)(5) 
of the Elementary and Secondary Edu-
cation Act of 1965 exceeds 40 percent of 
the total enrollment of that school; or 
‘‘(II) has obtained employment as a 
full-time teacher of mathematics, science, 
or bilingual or special education.
‘‘(B) EARLY CHILDHOOD EDUCATORS.—An 
individual who—
‘‘(i) has received a degree in early 
childhood education; and 
‘‘(ii) has obtained employment in a 
child care facility, such as employment as 
a preschool teacher, in a low-income com-
munity. 
‘‘(C) NURSES.—An individual who has ob-
tained employment—
‘‘(i) in a clinical setting; or 
‘‘(ii) as a member of the nursing fac-
ulty at an accredited school of nursing (as 
those terms are defined in section 801 of 
the Public Health Service Act (42 U.S.C. 
296)). 
‘‘(D) CHILD WELFARE WORKERS.—An in-
dividual who—
‘‘(i) has completed a degree in social 
work or related field with a focus on serv-
ing children and families (as determined in 
accordance with regulations prescribed by 
the Secretary); and 
‘‘(ii) has obtained employment in pub-
lic or private child welfare services.
‘‘(E) NUTRITION PROFESSIONALS.—An in-
dividual who—
‘‘(i) is a certified registered dietician 
who has completed a degree in a relevant 
field; and 
‘‘(ii) has obtained employment in a 
local agency of the special supplemental 
nutrition program for women, infants, and 
children under section 17 of the Child Nu-
trition Act of 1966 (42 U.S.C. 1786). 
‘‘(F) INFANT
AND
TODDLER
SPECIAL-
ISTS.—An individual who—
‘‘(i) has obtained an associate’s or 
bachelor’s degree in a discipline that would 
qualify the individual to work in the pro-
gram under part C of the Individuals with 
Disabilities Education Act in the State in 
which such individual resides; and 
‘‘(ii) has obtained employment in an 
occupation that is directly related to such 
degree and that (I) provides services to in-
fants, toddlers, and their families under an 
individualized family service plan under 
section 636 of the Individuals with Disabil-
ities Education Act (20 U.S.C. 1436) or
an individualized education plan under sec-
tion 614(d) of such Act (20 U.S.C. 
1414(d)); or (II) provides training or tech-
nical assistance to providers of such serv-
ices. 
‘‘(G) ADDITIONAL PUBLIC SERVANTS.—An 
individual who, as determined by the Secretary 
of Education by regulation—
‘‘(i) works in a public service profes-
sion that suffers from a critical lack of 
qualified personnel; 
‘‘(ii) serves a low-income or needy 
community; and 
‘‘(iii) is highly qualified. 
‘‘(c) LOAN REPAYMENT.—
‘‘(1) IN GENERAL.—The Secretary shall assume 
the obligation to repay—
‘‘(A) after each of the first or second years 
of service by an individual in a qualified public 
service position, 15 percent of the total amount 
of principal and interest of the loans described 
in subsection (b)(1) to such individual that are 
outstanding immediately preceding such first 
year of such service;
‘‘(B) after each of the third or fourth years 
of such service, 20 percent of such total 
amount; and 
‘‘(C) after the fifth year of such service, 30 
percent of such total amount. 
‘‘(2) TREATMENT OF CONSOLIDATION LOANS.—
A loan amount for a loan made under section 428C 
or for a Federal Direct Consolidation Loan may be 
a qualified loan amount for the purposes of this sub-
section only to the extent that such loan amount was 
used to repay a loan described in subsection (b)(1) 
for a borrower who meets the requirements of sub-
section (b), as determined in accordance with regula-
tions prescribed by the Secretary. 
‘‘(3) CONSTRUCTION.—Nothing in this section 
shall be construed to authorize the refunding of any 
repayment of a loan made under section 428 or 
428H, a Federal Direct Stafford Loan or Federal 
Direct Unsubsidized Stafford Loan, a Federal Direct 
Loan, or a Federal Perkins Loan. 
‘‘(4) INTEREST.—If a portion of a loan is re-
paid by the Secretary under this section for any 
year, the proportionate amount of interest on such 
loan that accrues for such year shall be repaid by 
the Secretary.
‘‘(5) INELIGIBILITY
OF
NATIONAL
SERVICE 
AWARD RECIPIENTS.—No student borrower may, for 
the same service, receive a benefit under both this 
section and subtitle D of title I of the National and 
Community Service Act of 1990 (42 U.S.C. 12601 
et seq.). 
‘‘(6) INELIGIBILITY FOR DOUBLE BENEFITS.—
No borrower may receive a reduction of loan obliga-
tions under both this section and section 428J or 
460. 
‘‘(7) CONTINUED ELIGIBILITY.—
‘‘(A) TEACHERS.—Any teacher who per-
forms service in a school that—
‘‘(i) meets the requirements of sub-
section (b)(2)(A)(ii)(I) in any year during 
such service; and 
‘‘(ii) in a subsequent year fails to 
meet the requirements of such subsection, 
may continue to teach in such school and shall be 
eligible for loan forgiveness pursuant to subsection 
(b). 
‘‘(B) TEACHERS IN LOW-INCOME COMMU-
NITIES.—Any early childhood educator who per-
forms service in a community that—
‘‘(i) meets the definition of low-income 
community in any year during such serv-
ice; and 
‘‘(ii) in a subsequent year fails to 
meet such definition, 
may continue to perform service in such community 
and shall be eligible for loan forgiveness pursuant to 
subsection (b). 
‘‘(d) REPAYMENT
TO
ELIGIBLE
LENDERS
AND 
HOLDERS.—The Secretary shall pay to each eligible lend-
er or holder for each fiscal year an amount equal to the 
aggregate amount of the lender’s or holder’s loans that 
are subject to repayment pursuant to this section for such 
year. 
‘‘(e) APPLICATION FOR REPAYMENT.—
‘‘(1) IN GENERAL.—Each eligible individual de-
siring loan repayment under this section shall sub-
mit a complete and accurate application to the Sec-
retary at such time, in such manner, and containing 
such information as the Secretary may require. 
‘‘(2) CONDITIONS.—An eligible individual may 
apply for loan repayment under this section after 
completing each of the consecutive years of quali-
fying service described in subsection (c)(1). The bor-
rower may elect to receive forbearance while engaged
in qualifying service described in subsection (c)(1) 
unless the borrower is in deferment while so en-
gaged. 
‘‘(f) REGULATIONS.—The Secretary is authorized to 
prescribe such regulations as may be necessary to carry 
out the provisions of this section. 
‘‘(g) DEFINITIONS.—In this section: 
‘‘(1) CHILD CARE FACILITY.—The term ‘child 
care facility’ means a facility, including a home, 
that—
‘‘(A) provides child care services; and 
‘‘(B) meets applicable State or local gov-
ernment licensing, certification, approval, or 
registration requirements, if any. 
‘‘(2) CHILD CARE SERVICES.—The term ‘child 
care services’ means activities and services provided 
for the education and care of children from birth 
through age 5 by an individual who has a degree in 
early childhood education, including a preschool 
teacher. 
‘‘(3) CHILD
WELFARE
SERVICES.—The term 
‘child welfare services’ has the meaning given the 
term in section 425 of the Social Security Act.
‘‘(4) DEGREE.—The term ‘degree’ means an as-
sociate’s or bachelor’s degree awarded by an institu-
tion of higher education. 
‘‘(5) EARLY
CHILDHOOD
EDUCATION.—The 
term ‘early childhood education’ means education in 
the area of early child development and education, 
child care, or any other educational area related to 
early child education or child care that the Secretary 
determines to be appropriate. 
‘‘(6) ELIGIBLE
NURSE.—The term ‘eligible 
nurse’ means a nurse who meets all of the following: 
‘‘(A) The nurse graduated from—
‘‘(i) an accredited school of nursing 
(as those terms are defined in section 801 
of the Public Health Service Act (42 
U.S.C. 296)); 
‘‘(ii) a nursing center; or 
‘‘(iii) an academic health center that 
provides nurse training. 
‘‘(B) The nurse holds a valid and unre-
stricted license to practice nursing in the State 
in which the nurse practices in a clinical set-
ting. 
‘‘(C) The nurse holds 1 or more of the fol-
lowing:
‘‘(i) A graduate degree in nursing, or 
an equivalent degree. 
‘‘(ii) A nursing degree from a colle-
giate school of nursing (as defined in sec-
tion 801 of the Public Health Service Act 
(42 U.S.C. 296)). 
‘‘(iii) A nursing degree from an asso-
ciate degree school of nursing (as defined 
in section 801 of the Public Health Service 
Act (42 U.S.C. 296)). 
‘‘(iv) A nursing degree from a diploma 
school of nursing (as defined in section 
801 of the Public Health Service Act (42 
U.S.C. 296)). 
‘‘(7) ELIGIBLE
PRESCHOOL
PROGRAM
PRO-
VIDER.—The term ‘eligible preschool program pro-
vider’ means a preschool program provider serving 
children younger than the age of compulsory school 
attendance that is—
‘‘(A) a public or private school; 
‘‘(B) a provider that is supported, spon-
sored, supervised, or administered by a local 
educational agency;
‘‘(C) a Head Start agency designated 
under the Head Start Act (42 U.S.C. 9831 et 
seq.); 
‘‘(D) a nonprofit or community-based orga-
nization; or 
‘‘(E) a licensed child care center or family 
child care provider. 
‘‘(8) LOW-INCOME COMMUNITY.—In this sub-
section, the term ‘low-income community’ means a 
community in which 70 percent of households earn 
less than 85 percent of the State median household 
income. 
‘‘(9) PRESCHOOL
TEACHER.—The term ‘pre-
school teacher’ means an individual—
‘‘(A) who has received at least an associ-
ate’s degree in early childhood education and 
who is working toward or who has already re-
ceived a bachelor’s degree in early childhood 
education; and 
‘‘(B) who works for an eligible preschool 
program provider supporting the children’s cog-
nitive, social, emotional, and physical develop-
ment to prepare the children for the transition 
to kindergarten.
‘‘(10) YEAR.—The term ‘year’, where applied to 
service as a teacher (or service as a member of an 
accredited school of nursing (as those terms are de-
fined in section 801 of the Public Health Service Act 
(42 U.S.C. 296))), means an academic year as de-
fined by the Secretary.’’. 
SEC. 8. PROVIDING RELIEF TO BORROWERS. 
(a) ELIMINATION OF LOAN FEES TO BORROWERS.—
(1) FEDERAL FAMILY EDUCATION LOAN PRO-
GRAM.—Section 438(c) of the Higher Education Act 
of 1965 (20 U.S.C. 1087–1(c)) is amended by add-
ing at the end the following new paragraph: 
‘‘(9) ORIGINATION
FEES
TERMINATED.—Not-
withstanding any other provision of this subsection, 
with respect to any loan made, insured, or guaran-
teed under this part on or after the first July 1 after 
the date of enactment of the College Opportunity for 
All Act—
‘‘(A) no eligible lender may collect directly 
or indirectly from any borrower any origination 
fee with respect to such loan, or any other fee 
relating to the origination of a loan however de-
scribed; and
‘‘(B) the Secretary shall not collect any 
origination fee from the lender under this sub-
section.’’. 
(2) FEDERAL DIRECT LOAN PROGRAM.—
(A) AMENDMENT.—Section 455(c) of such 
Act (20 U.S.C. 1087e(c)) is amended to read as 
follows: 
‘‘(c) LOAN FEE.—The Secretary shall not collect di-
rectly or indirectly from any borrower any origination fee 
with respect to such loan, or any other fee relating to the 
origination of a loan however described.’’. 
(B) EFFECTIVE
DATE.—The amendment 
made by subparagraph (A) shall apply with re-
spect to any loan made under part D of title IV 
on an after the first July 1 after the date of en-
actment of this Act. 
(b) CONSOLIDATION LOAN LENDER OF CHOICE.—
(1) STUDENT
LOAN
BORROWER
CHOICE
OF 
LOAN
CONSOLIDATOR.—Section 428C(b)(1)(A) of 
the Higher Education Act of 1965 (20 U.S.C. 1078–
3(b)(1)(A)) is amended by striking ‘‘and (i) the 
lender holds’’ and all that follows through ‘‘selected 
for consolidation)’’. 
(2) CONSOLIDATION
LOAN
DISCLOSURE
BY 
LENDERS.—Section 428C(b)(1) of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1078–3(b)(1)) is 
amended—
(A) by striking ‘‘and’’ at the end of sub-
paragraph (E); 
(B) by redesignating subparagraph (F) as 
subparagraph (G); and 
(C) by inserting after subparagraph (E) 
the following new subparagraph: 
‘‘(F) that each applicant for a consolida-
tion loan will be provided a clear and con-
spicuous notice, in such form as the Secretary 
shall prescribe, describing—
‘‘(i) the effects of a consolidation loan 
and its available repayment plans on the 
borrower’s interest rate; 
‘‘(ii) the amount of his or her monthly 
and total payments, total interest accrued, 
and the length of the repayment term; 
‘‘(iii) the ability of the student bor-
rower to pre-pay loans; and 
‘‘(iv) the differences between variable 
and fixed interest rates;’’. 
(3) DISCLOSURES
BY
INSTITUTIONS
DURING 
EXIT COUNSELING.—Section 485(b) of the Higher 
Education Act of 1965 (20 U.S.C. 1092(b)) is
amended by adding at the end the following new 
paragraph: 
‘‘(3) Each eligible institution shall provide to the bor-
rower of a loan made under part B, D, or E, during the 
exit interview required by this subsection, a clear and con-
spicuous notice, in such form as the Secretary shall pre-
scribe, describing the effect of using a consolidation loan 
to discharge the borrower’s student loans, and including, 
with respect to a series of loan amounts ranges—
‘‘(A) the differences between fixed and variable 
interest rates; 
‘‘(B) the effects of consolidation loan and its 
available repayment plans on the borrower’s interest 
rate, the amount of his or her monthly and total 
payments, total interest accrued, and the length of 
repayment term; and 
‘‘(C) the ability of the student to prepay 
loans.’’. 
(c) AUTHORITY
TO
REFINANCE
CONSOLIDATION 
LOANS.—
(1) CONSOLIDATION LOAN REFINANCING.—
(A) FFEL CONSOLIDATION LOANS.—Sec-
tion 428C(a)(3)(B) of the Higher Education 
Act of 1965 (20 U.S.C. 1078–3(a)(3)(B)) is
amended by adding at the end the following 
new clause: 
‘‘(ii) Notwithstanding clause (i) of this subpara-
graph, a borrower of a consolidation loan on which 
the interest is established at a fixed rate under sec-
tion 427A, 428C(c), or 455 may obtain a subsequent 
consolidation loan for the purposes of refinancing 
such earlier consolidation loan at the prevailing in-
terest rate determined under section 427A(m) or 
455(b)(8) if the interest rate on such earlier consoli-
dation loan exceeds such prevailing rate by 1.0 per-
cent or more.’’. 
(B) PARALLEL TERMS FOR FEDERAL DI-
RECT CONSOLIDATION LOANS.—Section 455(a) 
of the Higher Education Act of 1965 (20 
U.S.C. 1087e(a)) is amended—
(i) in paragraph (1), by inserting 
‘‘428C,’’ after ‘‘428B,’’; and 
(ii) in paragraph (2)—
(I) by striking ‘‘and’’ at the end 
of subparagraph (B); 
(II) by redesignating subpara-
graph (C) as subparagraph (D); and 
(III) by inserting after subpara-
graph (B) the following:
‘‘(C) section 428C shall be know as ‘Fed-
eral Direct Consolidation Loans’.’’. 
(2) REFINANCED
CONSOLIDATION
LOANS
IN-
TEREST RATE.—
(A) FFEL CONSOLIDATION LOANS.—Sec-
tion 427A of the Higher Education Act of 1965 
(20 U.S.C. 1077a) is amended—
(i) by redesignating subsection (m) 
and (n) as subsections (n) and (o), respec-
tively; and 
(ii) by inserting after subsection (l) 
the following: 
‘‘(m) REFINANCED CONSOLIDATION LOANS.—
‘‘(1) PREVAILING RATE.—Notwithstanding sub-
sections (h), (k), and (l), with respect to any loan 
made pursuant to section 428C(a)(3)(B)(ii) for the 
purposes of refinancing an earlier consolidation loan, 
the applicable rate of interest shall, for any loan 
made during any 12-month period beginning on July 
1 and ending on June 30, be determined on the pre-
ceding June 1 (and remain in effect for the duration 
of the loan) and be equal to—
‘‘(A) the bond equivalent rate of 91-day 
Treasury bills auctioned at the final auction 
held prior to such June 1; plus
‘‘(B) 2.3 percent, 
except that such rate shall not exceed 8.25 percent. 
‘‘(2) RECOVERY
OF
EXCESS
INTEREST.—If, 
with respect to a consolidation loan on which the ap-
plicable interest rate is determined under this sub-
section, the applicable interest rate for any 3-month 
period exceeds the special allowance rate applicable 
to such loan under section 438(b)(2)(I) for such pe-
riod, then an adjustment shall be made—
‘‘(A) by calculating the excess interest in 
the amount computed under paragraph (3) of 
this subsection; and 
‘‘(B) by crediting the excess interest to the 
Government. 
‘‘(3) AMOUNT OF ADJUSTMENT.—The amount 
of any adjustment of interest on a loan to be made 
under this subsection for any quarter shall be equal 
to—
‘‘(A) the applicable interest rate minus the 
special allowance rate determined under section 
438(a)(2)(I); multiplied by 
‘‘(B) the average daily principal balance of 
the loan (not including unearned interest added 
to principal) during such calendar quarter; di-
vided by
‘‘(C) four.’’. 
(B) REFINANCED FEDERAL DIRECT CON-
SOLIDATION
LOANS.—Section 455(b) of the 
Higher Education Act of 1965 (20 U.S.C. 
1087e(b)) is amended—
(i) by redesignating paragraphs (8) 
and (9) as paragraphs (9) and (10), re-
spectively; and 
(ii) by inserting after paragraph (7) 
the following: 
‘‘(8) 
PREVAILING
RATE
CONSOLIDATION 
LOANS.—Notwithstanding the preceding paragraphs 
of this subsection, with respect to any loan made 
pursuant to section 428C(a)(3)(B)(ii) for the pur-
poses of refinancing an earlier consolidation loan, 
the applicable rate of interest shall, for any loan 
made during any 12-month period beginning on July 
1 and ending on June 30, be determined on the pre-
ceding June 1 (and remain in effect for the duration 
of the loan) and be equal to—
‘‘(A) the bond equivalent rate of 91-day 
Treasury bills auctioned at the final auction 
held prior to such June 1; plus 
‘‘(B) 2.3 percent,
except that such rate shall not exceed 8.25 per-
cent.’’. 
(C) CONFORMING
AMENDMENT.—Section 
438(b)(2)(I) is amended by striking ‘‘section 
427A(k)(4) or (l)(3)’’ each place it appears in 
clauses (iv) and (vi) and inserting ‘‘section 
427A(k)(4), (l)(3), or (m)’’. 
SEC. 9. SIMPLIFYING THE STUDENT AID PROCESS. 
(a) STUDENT ELIGIBILITY.—Subsection (r) of sec-
tion 484 (20 U.S.C. 1091) is repealed. 
(b) SHORT FORM FOR SIMPLIFIED NEEDS TEST.—
(1) FAFSA-EZ IN
LIEU
OF
FAFSA.—Sub-
section (a) of section 479 (20 U.S.C. 1087ss(a)) is 
amended to read as follows: 
‘‘(a) SIMPLIFIED APPLICATION: FAFSA-EZ.—
‘‘(1) IN GENERAL.—The Secretary shall develop 
and use a simplified application form, to be known 
as the ‘FAFSA-EZ’, to be used in lieu of the com-
mon financial reporting form prescribed under sec-
tion 483(a) for families described in subsections (b) 
and (c) of this section. 
‘‘(2) REDUCED
DATA
REQUIREMENTS.—The 
simplified application form shall—
‘‘(A) in the case of a family meeting the 
requirements of subsection (b)(1), permit such
family to submit only the data elements re-
quired under subsection (b)(2) for the purposes 
of establishing eligibility for student financial 
aid under this part; and 
‘‘(B) in the case of a family meeting the 
requirements of subsection (c), permit such 
family to be treated as having an expected fam-
ily contribution equal to zero for purposes of es-
tablishing such eligibility and to submit only the 
data elements required to make a determination 
under subsection (c). 
‘‘(3) AVAILABILITY OF MEANS TO DETERMINE 
ELIGIBILITY.—The Secretary shall provide, both via 
a widely disseminated printed form and an Internet 
or other electronic means, the capability for individ-
uals to determine easily, by entering relevant data, 
whether or not they qualify for the submission of a 
simplified application form under this subsection. 
The capability provided under this paragraph shall 
include the capability to determine approximately 
the amount of grant, work-study, and loan assist-
ance an individual would be eligible for under this 
title upon completion and verification of the sim-
plified application form.
‘‘(4) FREE AVAILABILITY AND PROCESSING.—
The provisions of section 483(a)(2) shall apply to 
the FAFSA-EZ as if the FAFSA-EZ were the com-
mon financial reported form prescribed by the Sec-
retary under section 483(a)(1), and the data col-
lected by means of the FAFSA-EZ shall be available 
to institutions of higher education, guaranty agen-
cies, and States in accordance with section 
483(a)(3).’’. 
(2) ADDITIONAL QUALIFYING FORMS.—Section 
479(b)(3) of such Act is amended—
(A) by striking ‘‘or’’ at the end of subpara-
graph (B); 
(B) by striking the period at the end of 
subparagraph (C) and inserting a semicolon; 
and 
(C) by adding at the end the following new 
subparagraphs: 
‘‘(D) a form for applying for supplemental 
security income under title XVI of the Social 
Security Act; 
‘‘(E) a form for applying for Medicaid 
under title XVIII of the Social Security Act; 
‘‘(F) a form for applying for food stamps 
under the Food Stamp Act of 1977; or
‘‘(G) a schedule for applying for the 
earned income tax credit under section 32 of 
the Internal Revenue Code of 1986.’’. 
(c) SIMPLIFICATION OF THE FREE APPLICATION FOR 
FEDERAL STUDENT AID (FAFSA).—Section 483(a) of 
the Higher Education Act of 1965 (20 U.S.C. 1090(a)) 
is amended—
(1) by striking paragraph (1) and inserting the 
following: 
‘‘(1) SINGLE FORM REQUIRED.—The Secretary, 
in cooperation with representatives of agencies and 
organizations involved in student financial assist-
ance, shall produce, distribute, and process free of 
charge a common financial reporting form to be 
used to determine the need and eligibility of a stu-
dent for financial assistance under parts A through 
E of this title (other than under subpart 4 of part 
A). Such form shall satisfy the requirements of sec-
tion 401(d) of this title. Subject to paragraph (8)—
‘‘(A) the Secretary shall include on the 
form developed under this subsection such data 
items as the Secretary determines are appro-
priate for inclusion; and
‘‘(B) such items shall be selected in con-
sultation with States to assist in the awarding 
of State financial assistance.’’; and 
(2) by adding at the end the following new 
paragraph: 
‘‘(8) SIMPLIFICATION.—Within 5 years after 
the date of enactment of the College Opportunity for 
All Act, the Secretary shall initiate a proceeding to 
revise the common financial reporting form under 
this section to reduce the number of data items re-
quired to be provided by applicants for student fi-
nancial assistance under this title (other than sub-
part 4 of part A). The objective of such proceeding 
shall be to obtain a 50 percent reduction in the 
number of such data items. The Secretary shall, 
within 2 years after the date of enactment of such 
Act submit an interim report to the Congress on the 
progress made in achieving such objective, and iden-
tifying the impediments to further progress.’’. 
SEC. 10. EXPANSION OF VOLUNTARY FLEXIBLE AGREE-
MENTS WITH GUARANTY AGENCIES. 
(a) AMENDMENT.—Section 428A(a) of the Higher 
Education Act of 1965 (20 U.S.C.1078–1(a)) is amended 
by striking paragraph (3) and inserting the following:
‘‘(3) ELIGIBILITY.—Any guaranty agency or 
consortium thereof may enter into a voluntary flexi-
ble agreement with the Secretary.’’. 
(b) IMMEDIATE EFFECTIVE DATE.—The amendment 
made by paragraph (1) shall take effect on the date of 
enactment of this Act. 
SEC. 11. ALLOWANCE FOR STATE AND OTHER TAXES. 
Notwithstanding any other provision of law, the an-
nual updates to the allowance for State and other taxes 
in the tables used in the Federal Needs Analysis Method-
ology to determine a student’s expected family contribu-
tion for the award year 2004–2005 under part F of title 
IV of the Higher Education Act of 1965 (20 U.S.C. 
1087kk et seq.), published in the Federal Register on Fri-
day, May 30, 2003 (68 Fed. Reg. 32473), shall be deemed 
to never have been promulgated.
Æ