312 
aging agent the amount of any financial assistance 
paid to such student. 
‘‘(6)(A) Scholarships shall be awarded for only 
one academic year of study at a time. 
‘‘(B)(i) A scholarship shall be renewable on an 
annual basis for the established length of the academic 
program if the student awarded the scholarship re-
mains eligible. 
‘‘(ii) The managing agent may condition re-
newal of a scholarship on measures of academic 
progress and achievement, with the approval of the 
Secretary. 
‘‘(C)(i) If a student fails to either remain eligible 
or meet established measures of academic progress 
and achievement, the managing agent shall instruct 
the student’s institution of higher education to sus-
pend payment of the student’s scholarship. 
‘‘(ii) A suspension of payment shall remain in 
effect until the student is able to demonstrate to the 
satisfaction of the managing agent that he or she is 
again eligible and meets the established measures of 
academic progress and achievement. 
‘‘(iii) A student’s eligibility for a scholarship 
shall be terminated if a suspension period exceeds 12 
months. 
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313 
‘‘(D)(i)(I) A student awarded a scholarship may, 
in a manner and under the terms established by, and 
with the approval of, the managing agent, postpone 
or interrupt his or her enrollment at an institution 
of higher education for up to 12 months. 
‘‘(II) Such a postponement or interruption shall 
not be considered a suspension for purposes of sub-
paragraph (C). 
‘‘(ii) Neither a student nor the student’s institu-
tion of higher education shall receive the student’s 
scholarship payments during the period of postpone-
ment or interruption, but such payments shall resume 
upon enrollment or reenrollment. 
‘‘(iii) In exceptional circumstances, such as seri-
ous injury or illness or the necessity to care for fam-
ily members, the student’s postponement or interrup-
tion may, upon notification and approval of the 
managing agent, be extended beyond the 12 month pe-
riod described in clause (i)(I). 
‘‘(g) RESPONSIBILITIES OF INSTITUTION OF HIGHER 
EDUCATION.— 
‘‘(1) The managing agent shall require any in-
stitution of higher education that enrolls a student 
who receives a scholarship under this section to annu-
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‘‘SEC. 420P. PROGRAM EVALUATION. 
‘‘The Secretary shall evaluate the effectiveness of 
TEACH grants with respect to the schools and students 
served by recipients of such grants. Such evaluation shall 
take into consideration information related to— 
‘‘(1) the number of TEACH grant recipients; 
‘‘(2) the gender, race, ethnicity, and age of such 
recipients; 
‘‘(3) the degrees obtained by such recipients; 
‘‘(4) the location, including the school, local edu-
cational agency, and State, where the recipients com-
pleted the service agreed to under section 420N(b) and 
the subject taught; 
‘‘(5) the duration of such service, including in-
formation related to whether recipients serve for more 
than the 4 years required under such section; and 
‘‘(6) any other data necessary to conduct such 
evaluation.’’. 
PART B—FEDERAL FAMILY EDUCATION LOANS 
SEC. 421. LIMITATIONS ON AMOUNTS OF LOANS COVERED 
BY FEDERAL INSURANCE. 
Section 424(a) (20 U.S.C. 1074(a)) is amended— 
(1) by striking ‘‘2012’’ and inserting ‘‘2013’’; 
and 
(2) by striking ‘‘2016’’ and inserting ‘‘2017’’. 
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