College Opportunity for a Better America Act of 2003
Official title: To provide student loan forgiveness to Americans employed in service to the public, and for other purposes.
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Referred to the Subcommittee on 21st Century Competitiveness.
Requires the Secretary of Education, depending on the duration of such public service employment, to assume certain portions of such borrowers' obligations to repay specified types of Federal student loans.
Makes eligible for such program: (1) highly qualified teachers in low-income communities and of mathematics, science, and bilingual and special education; (2) early childhood educators; (3) nurses; (4) child welfare workers; (5) nutrition professionals; (6) infant and toddler specialists; and (6) other highly-qualified workers who serve low-income or needy communities and who are in public service professions that suffer from a critical lack of qualified personnel.
Revises provisions for income-related repayment. Changes those for guaranteed student loan from income-sensitive to income-contingent, thus making them consistent with those for direct student loan provisions. Releases qualified public service employees from income-contingent repayment obligations after a maximum of 15 years. (Other borrowers must repay over a maximum 25-year period.)
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 1306: College Opportunity for a Better America Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1306/
"H.R. 1306: College Opportunity for a Better America Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1306/.
H.R. 1306, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1306/.
[H.R. 1306: College Opportunity for a Better America Act of 2003](https://openamerica.io/bill/108-HR-1306/)