Education for Jobs Act

Bill: 114-hr-4495
Sponsor: full_name: Rep. Lujan Grisham, Michelle [D-NM-1]
Introduced: 2016-02-08
Policy area: Education
Subjects: Government lending and loan guarantees

Higher education

Student aid and college costs
Latest action: action_date: 2016-03-23
text: Referred to the Subcommittee on Higher Education and Workforce Training.

Summaries:
action_date: 2016-02-08
action_desc: Introduced in House
text: <p><b>Education for Jobs Act</b></p> <p>This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make an individual eligible to apply for a loan under the William D. Ford Federal Direct Loan program if that individual: (1) is carrying at least three credit hours or the equivalent coursework for the course of study the individual is pursuing, (2) is enrolled in an educational program leading to a degree or certificate, and (3) was employed on a full-time basis for at least 10 years.</p> <p>It makes those students eligible for interest subsidies. It requires the repayment period for such a loan to begin the day after six months after the student ceases to meet the loan eligibility requirements.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4495 IN THE HOUSE OF REPRESENTATIVES February 8, 2016 Ms. Michelle Lujan Grisham of New Mexico (for herself, Mr. Vargas , and Mr. Kilmer ) 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 provide student loan eligibility for mid-career, part-time students, and for other purposes.

1. Short title This Act may be cited as the Education for Jobs Act . 2. Student loan eligibility for mid-career part-time students (a) Student eligibility Section 484(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1091 ) is amended— (1) by redesignating paragraph (5) as paragraph (6); and (2) by inserting after paragraph (4) the following: (5) A student who— (A) is carrying at least 3 credit hours or the equivalent coursework for the course of study that the student is pursuing, as determined by the eligible institution, (B) is enrolled in a course of study necessary for enrollment in a program leading to a degree or certificate, and (C) was employed on a full-time basis for not less than 10 years, shall be, notwithstanding paragraph (1) of subsection (a), eligible to apply for loans under part D of this title. . (b) Annual and aggregate loan limits Section 428(b)(1)(A) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(1)(A) ) is amended by inserting or meets the requirements of section 484(b)(5) after institution) . (c) Repayment period (1) Stafford loans Section 428(b)(7)(A) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(7)(A) ) is amended by inserting before the period at the end the following: or, in the case of a student described in section 484(b)(5), the day after 6 months after the date such student ceases to meet the requirements of such section . (2) PLUS loans Section 428B(d)(1)(B)(ii) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–2(d)(1)(B)(ii) ) is amended by inserting before the period at the end the following: or, in the case of a graduate or professional student borrower described in section 484(b)(5), during the 6-month period beginning on the day after the date such student ceases to meet the requirements of such section .