Title: Pilot Act of 2018
Policy area: Education

Summary:
Pilot Act of 2018
This bill amends the Higher Education Act of 1965 to allow student loan borrowers to defer their student loan debt while they obtain aeronautical experience required for airline transport pilot certificates.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6926 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 6926

To provide deferment to certain Federal student loan borrowers who are 
 accruing aeronautical experience required for airline transport pilot 
                             certification.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 27, 2018

 Mr. Coffman introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To provide deferment to certain Federal student loan borrowers who are 
 accruing aeronautical experience required for airline transport pilot 
                             certification.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pilot Act of 2018''.

SEC. 2. DEFERRAL OF LOAN REPAYMENT DURING ACCRUAL OF AERONAUTICAL 
              EXPERIENCE REQUIRED FOR AIRLINE TRANSPORT PILOT 
              CERTIFICATION.

    Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 
1088 et seq.) is amended by adding at the end the following new 
section:

``SEC. 493E. DEFERRAL OF LOAN REPAYMENT DURING ACCRUAL OF AERONAUTICAL 
              EXPERIENCE REQUIRED FOR AIRLINE TRANSPORT PILOT 
              CERTIFICATION.

    ``(a) Deferral of Loan Repayment During Accrual of Aeronautical 
Experience.--In addition to any deferral of repayment of a loan made 
under this title pursuant to section 428(b)(1)(M), 455(f)(2) or 
464(c)(2)(A), a qualified borrower shall be eligible for a deferment, 
during which periodic installments of principal need not be paid and 
interest shall not accrue, for a period not to exceed 3 years following 
the attainment of a bachelor's degree described in subsection (b)(1), 
except that a deferment under this subsection shall expire upon the 
qualified borrower's--
            ``(1) completion of the aeronautical experience 
        requirements imposed under section 44703 of title 49, United 
        States Code, for the airline transport pilot certificate 
        sought; or
            ``(2) failure to actively work to accrue the aeronautical 
        experience required to apply for such certificate.
    ``(b) Qualified Borrower.--The term `qualified borrower' means a 
borrower of a loan under this title who--
            ``(1) has attained a bachelor's degree with an aviation 
        major from an institution of higher education that has been 
        issued a letter of authorization by the Administrator of the 
        Federal Aviation Administration under section 61.169 of title 
        14, Code of Federal Regulations; and
            ``(2) is actively working to accrue the aeronautical 
        experience required to apply for an airline transport pilot 
        certificate.
    ``(c) Regulations.--Not later than one year after the date of 
enactment of the Pilot Act of 2018, the Secretary shall, in 
consultation with the Administrator of the Federal Aviation 
Administration, develop guidelines--
            ``(1) for determining for the purposes of this section when 
        a borrower has completed the aeronautical experience 
        requirements imposed under section 44703 of title 49, United 
        States Code, for the airline transport pilot certificate 
        sought;
            ``(2) for determining for the purposes of this section 
        whether a borrower is actively working to accrue the 
        aeronautical experience requirements required to apply for an 
        airline transport pilot certificate; and
            ``(3) for reporting to the Secretary the progress a 
        qualified borrower is making towards completion of such 
        aeronautical experience requirements, including the frequency 
        of such reporting.
    ``(d) Other Definitions.--In this section:
            ``(1) Aeronautical experience.--The term `aeronautical 
        experience' has the meaning given such term in section 61.1 of 
        title 14, Code of Federal Regulations.
            ``(2) Airline transport pilot certificate.--The term 
        `airline transport pilot certificate' means an airman 
        certificate described in section 44703(b)(2) of title 49, 
        United States Code.''.
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