HR 1306 108th Congress House Education Agriculture and Food Bilingualism Child care workers Child nutrition Child welfare Depressed areas Disabled Economics and Public Finance Education of the disadvantaged Elementary and secondary education Elementary education Families Federal aid to education Finance and Financial Sector Government lending Health Higher education Infants Interest

College Opportunity for a Better America Act of 2003

Introduced: March 18, 2003 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 7, 2003

Referred to the Subcommittee on 21st Century Competitiveness.

Mar 18, 2003

Referred to the House Committee on Education and the Workforce.

Mar 18, 2003

Sponsor introductory remarks on measure. (CR E487)

Mar 18, 2003

Introduced in House

Plain-English summary Congressional Research Service

College Opportunity for a Better America Act of 2003 - Amends the Higher Education Act of 1965 to provide student loan forgiveness for borrowers who are employed full-time in qualified public service positions.

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.)

What's happening now April 7, 2003

Referred to the Subcommittee on 21st Century Competitiveness.

Committees of jurisdiction 2