extension shall be subject to approval of the Di-
rector of Foreign Assistance, in consultation 
with the democratically elected Government of 
Haiti. Upon approval, individuals may partici-
pate in the Exchange Program for one addi-
tional year. 
(C) COMPENSATION AND READJUSTMENT 
ALLOWANCE.— 
(i) COMPENSATION.—An individual 
who participates in the Exchange Program 
shall receive monthly compensation equal 
to the average monthly salary of such indi-
vidual’s professional Haitian counterpart. 
(ii) READJUSTMENT ALLOWANCE.—At 
the end of an individual’s participation in 
the Exchange Program, the Director of 
Foreign Assistance shall provide to such 
individual a readjustment allowance in an 
amount equal to the number of months 
such individual participated in the Ex-
change Program multiplied by $250. 
(3) ENACTMENT, NOTICE.— 
(A) 
ESTABLISHMENT.—The 
Exchange 
Program shall be established not later than 180 
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days after the date of the enactment of this 
Act. 
(B) NOTICE.—Not later than 30 days 
after the date on which the Director of Foreign 
Assistance establishes the Exchange Program 
under subsection (a), the Director shall— 
(i) provide notice thereof to Congress; 
and 
(ii) submit to Congress information on 
the Exchange Program that contains the 
agreement governing the scope of work ne-
gotiated with the democratically elected 
Government of Haiti, a recruitment plan 
for participants, and a description of the 
qualifications and other appropriate infor-
mation relating to individuals who are to 
be recruited to participate in the Exchange 
Program, including the needs that the indi-
viduals are expected to fill under the Ex-
change Program. 
(4) DEFINITIONS.—In this section: 
(A) CIVIL SOCIETY.—The term ‘‘civil soci-
ety’’ means voluntary civic and social organiza-
tions and may include registered charities, 
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grassroots organizations, coalitions and advo-
cacy groups, and professional associations. 
(B) EXPERT ADVISORS.—The term ‘‘expert 
advisors’’ means individuals who possess exten-
sive experience in fields which will benefit Haiti 
that may include education, energy, environ-
ment, health care, infrastructure, security, 
transportation, and disaster preparedness. 
(5) AUTHORIZATION OF APPROPRIATIONS.— 
(A) IN GENERAL.—There are authorized to 
be appropriated for each of fiscal years 2009 
through 2014 such sums as may be necessary 
to carry out this section. 
(B) SENSE OF CONGRESS.—It is the sense 
of Congress that at least $3,000,000 should be 
made available for each of the fiscal years speci-
fied in subparagraph (A) to carry out this sec-
tion. 
(h) REPORTS.— 
(1) IN GENERAL.—Not later than 18 months 
after the date of the enactment of this Act and an-
nually thereafter, the Director of Foreign Assistance 
shall submit to Congress a report regarding the Ex-
change Program. 
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(2) CONTENTS.—The reports shall include in-
formation relating to the following: 
(A) Individuals and organizations selected 
to participate and receive funds and a detailed 
breakdown of the uses of such funds, including 
purpose, locations, and results. 
(B) The potential for expansion of the Ex-
change Program. 
(C) The number of individuals recruited to 
participate in the Exchange Program, their 
countries of origin and their current residences, 
and the ministry or agency and the locality in 
which each individual is placed. 
(D) A statement of financial accounting. 
SEC. 4. LOAN FORGIVENESS FOR EXCHANGE PROGRAM 
PARTICIPANTS. 
(a) PROGRAM ESTABLISHED.— 
(1) PROGRAM AUTHORIZED.—The Secretary of 
State, in cooperation with the Secretary of Edu-
cation, shall establish and implement a program to 
cancel the obligation of loan borrowers to pay the 
principal and interest on student loans for program 
participants, during their service in the Exchange 
Program under section 2. 
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(2) METHOD OF REPAYMENT.—The Secretary 
of State shall carry out such program by repaying 
in accordance with subsection (b) the principal and 
interest, not to exceed a total of $10,000, on a loan 
made under title IV of the Higher Education Act of 
1965 (20 U.S.C. 1070 et seq.) for a borrower who— 
(A) has obtained an undergraduate or 
graduate degree; 
(B) is selected to participate in the Ex-
change Program under section 2 of this Act; 
(C) is a United States citizen or perma-
nent legal resident; and 
(D) is in repayment status on such loan 
and is not in default on a loan for which the 
borrower seeks forgiveness of principal and in-
terest payments. 
(b) TERMS.— 
(1) PROMISE TO COMPLETE SERVICE REQUIRED 
FOR PAYMENT.—Any application for payment under 
subsection (a) shall contain an agreement by the ap-
plicant that the applicant will continue in a quali-
fying service described in subsection (a)(2)(B) for 
not less than 1 complete year, or will, upon a failure 
to complete such year, repay the United States the 
amount of the principal and interest repaid by the 
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Secretary under subsection (a), at a rate and sched-
ule, and in accordance with regulations, prescribed 
by the Secretary. Such regulations may provide for 
waiver by the Secretary of such repayment obliga-
tions upon proof of economic hardship as specified 
in such regulations. 
(2) PAYMENT IN INSTALLMENTS.—After a bor-
rower has been selected as a participant of the Ex-
change Program under section 2, the Secretary shall 
make payments under this section while the bor-
rower is in loan repayment status and continues as 
a participant of such program. The Secretary shall 
repay a portion of a borrower’s outstanding loan, 
not to exceed a total of $10,000, in the following in-
crements: 
(A) Up to $2,000, or 20 percent of the 
borrower’s outstanding loan balance, whichever 
is less, at the completion of the first year of 
such service. 
(B) Up to $2,500, or 25 percent of the 
borrower’s outstanding loan balance, whichever 
is less, at the completion of the second year of 
such service. 
(C) Up to $5,000, or 50 percent of the 
borrower’s outstanding loan balance, whichever 
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is less, at the completion of the third and final 
year of such service. 
(c) REGULATIONS.—The Secretary of State is au-
thorized to issue such regulations as may be necessary to 
carry out this section. Such regulations shall establish pro-
cedures by which borrowers shall apply for loan repayment 
under this section. 
Æ 
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