American Indian Teacher Loan Forgiveness Act of 2014

Bill: 113-s-2458
Sponsor: full_name: Sen. Walsh, John E. [D-MT]
Introduced: 2014-06-10
Policy area: Native Americans
Subjects: Government lending and loan guarantees

Higher education

Minority education

Student aid and college costs

Teaching, teachers, curricula
Latest action: action_date: 2014-06-10
text: Read twice and referred to the Committee on Indian Affairs.

Summaries:
action_date: 2014-06-10
action_desc: Introduced in Senate
text: <p>American Indian Teacher Loan Forgiveness Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to provide up to $17,500 of loan forgiveness to borrowers under the Federal Family Education Loan program or the William D. Ford Federal Direct Loan program who: (1) are a member of an Indian tribe, and (2) have been employed as a full-time teacher for five consecutive complete school years in an Indian school or in a local educational agency that serves at least 10 Indian students or whose schools have an enrollment of students at least 25% of which are Indians.</p>

tv_txt: II 113th CONGRESS 2d Session S. 2458 IN THE SENATE OF THE UNITED STATES June 10, 2014 Mr. Walsh introduced the following bill; which was read twice and referred to the Committee on Indian Affairs A BILL To provide student loan forgiveness for American Indian educators teaching in local educational agencies with a high percentage of American Indian students.

1. Short title This Act may be cited as the American Indian Teacher Loan Forgiveness Act of 2014 . 2. Student loan forgiveness for American Indian educators teaching in local educational agencies with a high percentage of American Indian students (a) Part B loans Section 428J(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–10(c) ) is amended by adding at the end the following: (4) American Indian teachers in local educational agencies with a high percentage of American Indian students Notwithstanding the amount specified in paragraph (1) and the requirements under subparagraphs (A) and (B) of subsection (b)(1), the aggregate amount that the Secretary shall repay under this section shall be not more than $17,500 in the case of a borrower who— (A) has been employed as a full-time teacher for 5 consecutive complete school years as a teacher in a local educational agency described in section 7112(b) of the Elementary and Secondary Education Act of 1965 or in a school overseen by the Bureau of Indian Education of the Department; and (B) is a member of an Indian tribe (as defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 450b )). . (b) Part D loans Section 460(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1087j(c) ) is amended by adding at the end the following: (4) American Indian teachers in local educational agencies with a high percentage of American Indian students Notwithstanding the amount specified in paragraph (1) and the requirements under subparagraphs (A) and (B) of subsection (b)(1), the aggregate amount that the Secretary shall cancel under this section shall be not more than $17,500 in the case of a borrower who— (A) has been employed as a full-time teacher for 5 consecutive complete school years as a teacher in a local educational agency described in section 7112(b) of the Elementary and Secondary Education Act of 1965 or in a school overseen by the Bureau of Indian Education of the Department; and (B) is a member of an Indian tribe (as defined in section 4 of the Indian Self-Determination and Education Assistance Act ( 25 U.S.C. 450b )). .