In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Helping Our Students Communicate Act
of 2007''.

SEC. 2. EXPANSION OF LOAN FORGIVENESS TO SPEECH-LANGUAGE PATHOLOGISTS.

(a) FFEL Loans.--
(1) Forgiveness for speech-language pathologists
authorized.--Section 428J(b)(1) of the Higher Education Act of
1965 (20 U.S.C. 1078-10(b)(1)) is amended to read as follows:
''(1) has been employed for 5 consecutive complete school
years--
''(A) as a full-time teacher--
''(i) in a school that qualifies under
section 465(a)(2)(A) for loan cancellation for
Perkins loan recipients who teach in such
schools; and
''(ii) if employed as an elementary school
or secondary school teacher, who is highly
qualified as defined in section 9101 of the
Elementary Secondary Education Act of 1965, or
meets the requirements of subsection (g)(3); or
''(B) as a full-time speech-language pathologist--
''(i) to perform services principally in a
school described in subparagraph (A)(i); and
''(ii) who has, at a minimum, a graduate
degree in speech-language pathology, or
communication sciences and disorders; and''.
(2) Additional amounts for speech-language pathologists.--
Section 428J(c)(3) of such Act (20 U.S.C. 1078-10(c)(3)) is
amended--
(A) in the header, by inserting before the period
'', and speech-language pathologists'';
(B) by striking ''and'' at the end of subparagraph
(A);
(C) by striking the period at the end of
subparagraph (B) and inserting ''; and''; and
(D) by adding at the end the following new
subparagraph:
''(C) a speech-language pathologist who meets the
requirements of subsection (b).''.
(b) Direct Loans.--
(1) Forgiveness for speech-language pathologists
authorized.--Section 460(b)(1)(A) of the Higher Education Act
of 1965 (20 U.S.C. 1087j(b)(1)(A)) is amended to read as
follows:
''(A) has been employed for 5 consecutive complete
school years--
''(i) as a full-time teacher--
''(I) in a school that qualifies
under section 465(a)(2)(A) for loan
cancellation for Perkins loan
recipients who teach in such schools;
and
''(II) if employed as an elementary
school or secondary school teacher, who
is highly qualified as defined in
section 9101 of the Elementary
Secondary Education Act of 1965, or
meets the requirements of subsection
(g)(3); or
''(ii) as a full-time speech-language
pathologist--
''(I) to perform services
principally in a school described in
clause (i)(I); and
''(II) who has, at a minimum, a
graduate degree in speech-language
pathology, or communication sciences
and disorders; and''.
(2) Additional amounts for speech-language pathologists.--
Section 460(c)(3) of such Act (20 U.S.C. 1087j(c)(3)) is
amended--
(A) in the header, by inserting before the period
'', and speech-language pathologists'';
(B) by striking ''and'' at the end of subparagraph
(A);
(C) by striking the period at the end of
subparagraph (B) and inserting ''; and''; and
(D) by adding at the end the following new
subparagraph:
''(C) a speech-language pathologist who meets the
requirements of subsection (b).''.
(c) New Borrower Eligibility.--An individual who is a speech-
language pathologist shall not qualify under the amendments made by
this section unless such individual is a new borrower (as such term is
defined in section 103 of the Higher Education Act of 1965 (20 U.S.C.
1003)) on or after October 1, 2007.
A:
Helping Our Students Communicate Act of 2007 - Amends the Higher Education Act of 1965 to require the Secretary of Education to assume or cancel loans made under the Federal Family Education Loan or the Direct Loan programs to individuals who have been employed for five consecutive complete school years as full-time speech-language pathologists: (1) principally at elementary and secondary schools whose enrollment of disadvantaged students exceeds 30% and whose local educational agencies are eligible for funding under title I of the Elementary and Secondary Education Act of 1965; and (2) have at least a graduate degree in speech-language pathology, or communication sciences and disorders.

Caps loan forgiveness at $17,500.

Limits the benefits of this Act to new borrowers on or after October 1, 2007.