I 
113TH CONGRESS 
2D SESSION 
H. R. 5568 
To amend the Higher Education Act of 1965 to direct the Secretary of 
Education to award interest-free student loans to certain students, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 18, 2014 
Mr. CASTRO of Texas introduced the following bill; which was referred to the 
Committee on Education and the Workforce 
A BILL 
To amend the Higher Education Act of 1965 to direct the 
Secretary of Education to award interest-free student 
loans to certain students, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘B-On-Time Student 
Loan Relief Act of 2014’’. 
SEC. 2. B-ON-TIME LOANS AND LOAN FORGIVENESS. 
Title IV of the Higher Education Act of 1965 (20 
U.S.C. 1070 et seq.) is amended by adding at the end 
the following new part: 
VerDate Sep 11 2014 
00:14 Sep 27, 2014
Jkt 039200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5568.IH
H5568
rfrederick on DSK6VPTVN1PROD with BILLS
‘‘PART J—B-ON-TIME LOANS 
‘‘SEC. 499A. LOAN REQUIREMENTS. 
‘‘(a) IN GENERAL.—The Secretary shall carry out a 
program to— 
‘‘(1) award loans with an applicable rate of in-
terest of zero to eligible students for study at an in-
stitution of higher education; and 
‘‘(2) forgive the outstanding principal on such 
loans awarded to students who meet the require-
ments of subsection (c). 
‘‘(b) STUDENT ELIGIBILITY FOR LOANS.—To be eli-
gible to receive a loan under subsection (a)(1), a student 
shall meet any requirements that the Secretary may re-
quire, which shall include requirements that the student— 
‘‘(1)(A) has graduated on or after the 2013– 
2014 school year from a secondary school in the 
United States or a secondary school operated by the 
Department of Defense, or its equivalent; or 
‘‘(B) has earned an associate’s degree from an 
institution of higher education on or after May 1, 
2013; 
‘‘(2) has not earned a bachelor’s degree; 
‘‘(3) is enrolled as a full-time student in an un-
dergraduate degree or certificate program at an in-
stitution of higher education; and 
VerDate Sep 11 2014 
00:14 Sep 27, 2014
Jkt 039200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5568.IH
H5568
rfrederick on DSK6VPTVN1PROD with BILLS
‘‘(4) has completed a FAFSA and meets the re-
quirements of section 484(a). 
‘‘(c) STUDENT ELIGIBILITY
FOR LOAN FORGIVE-
NESS.—To be eligible to receive loan forgiveness under 
subsection (a)(2), a student shall meet any requirements 
that the Secretary may require, which shall include re-
quirements that the student— 
‘‘(1) receives a bachelor’s degree within a set 
timeframe, as determined by the Secretary; 
‘‘(2) while enrolled at the program of study at 
an institution of higher education for which the stu-
dent received a loan under subsection (a)(1)— 
‘‘(A) has maintained a certain grade point 
average; or 
‘‘(B) has majored in a science, technology, 
engineering, or mathematics field; and 
‘‘(3) meets any other requirements as deter-
mined by the Secretary. 
‘‘(d) PRIORITY.—The Secretary shall award loans 
under subsection (a)(1) and grant loan forgiveness under 
subsection (a)(2) on a first-come, first-served basis, and 
subject to the availability of appropriations. 
‘‘(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion shall be construed to prohibit a student from applying 
for other financial assistance under this title. 
VerDate Sep 11 2014 
20:15 Sep 29, 2014
Jkt 039200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5568.IH
H5568
rfrederick on DSK6VPTVN1PROD with BILLS
‘‘(f) AUTHORIZATION OF APPROPRIATIONS.—There 
are authorized to be appropriated to carry out this section 
such sums as may be necessary for fiscal year 2015 and 
each succeeding fiscal year through fiscal year 2024.’’. 
Æ 
VerDate Sep 11 2014 
00:14 Sep 27, 2014
Jkt 039200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H5568.IH
H5568
rfrederick on DSK6VPTVN1PROD with BILLS