HR 85
112th CONGRESS
1st Session
H. R. 85
To amend the Higher Education Act of 1965 to expand teacher loan
forgiveness.
IN THE HOUSE OF REPRESENTATIVES
January 5, 2011
Mr. BACA 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 expand teacher loan
forgiveness.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Teacher Education Assistance Creating Hope for
Our Future Act of 2011' or the `TEACH for Our Future Act of 2011'.
SEC. 2. FFEL PROGRAM LOAN FORGIVENESS FOR TEACHERS.
Section 428J of the Higher Education Act of 1965 (20 U.S.C. 1078-10) is amended--
(1) by amending subsection (b) to read as follows:
`(b) Program Authorized- The Secretary shall carry out a program, through
the holder of the loan, of assuming the obligation to repay a qualified loan
amount for a loan made under section 428 or 428H, in accordance with subsection
(c), for any borrower--
`(A) has been employed as a full-time elementary school or secondary school
teacher for 5 consecutive complete school years at any public school;
or
`(B) is a new borrower on or after October 1, 1998, and who has been employed
as a full-time private school teacher for 5 consecutive complete school
years--
`(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,
is highly qualified as defined in section 9101 of the Elementary Secondary
Education Act of 1965, or meets the requirements of subsection (g)(3);
and
`(2) who is not in default on a loan for which the borrower seeks forgiveness.';
(A) by amending paragraph (1) to read as follows:
`(1) IN GENERAL- Of the loan obligation on a loan made under section 428
or 428H that is outstanding after the completion of the fifth complete school
year of teaching described in subsection (b)(1), the Secretary shall repay
not more than--
`(A) $25,000 in the aggregate for a borrower described in subsection (b)(1)(A);
and
`(B) $5,000 in the aggregate for a borrower described in subsection (b)(1)(B),
except as provided in paragraph (3) of this subsection.'; and
(i) in the header, by inserting `PRIVATE SCHOOL' before `TEACHERS';
(ii) in subparagraph (A)(i), by striking `subsection (b)' and inserting
`subsection (b)(1)(B)';
(iii) in subparagraph (B)(i), by striking `subsection (b)' and inserting
`subsection (b)(1)(B)'; and
(iv) in subparagraph (B)(iii), by striking `public or' before `non-profit';
and
(A) in paragraph (1)(A), by striking `(b)(1)(A)' and inserting `(b)(1)(B)(i)';
and
(B) in paragraph (3), by striking `(b)(1)(B)' and inserting `(b)(1)(B)(ii)'.
SEC. 3. DIRECT LOAN PROGRAM LOAN FORGIVENESS FOR TEACHERS.
Section 460 of the Higher Education Act of 1965 (20 U.S.C. 1087j) is amended--
(1) by amending section (b) to read as follows:
`(b) Program Authorized- The Secretary shall carry out a program of canceling
the obligation to repay a qualified loan amount in accordance with subsection
(c) for Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford
Loans made under this part for any borrower--
`(A) has been employed as a full-time elementary school or secondary school
teacher for 5 consecutive complete school years at any public school;
or
`(B) is a new borrower on or after October 1, 1998, and who has been employed
as a full-time private school teacher for 5 consecutive complete school
years--
`(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,
is highly qualified as defined in section 9101 of the Elementary Secondary
Education Act of 1965, or meets the requirements of subsection (g)(3);
and
`(2) who is not in default on a loan for which the borrower seeks forgiveness.';
(A) by amending paragraph (1) to read as follows:
`(1) IN GENERAL- Of the loan obligation on a Federal Direct Stafford Loan
or a Federal Direct Unsubsidized Stafford Loan that is outstanding after
the completion of the fifth complete school year of teaching described in
subsection (b)(1), the Secretary shall cancel not more than--
`(A) $25,000 in the aggregate for a borrower described in subsection (b)(1)(A);
and
`(B) $5,000 in the aggregate for a borrower described in subsection (b)(1)(B),
except as provided in paragraph (3) of this subsection.'; and
(i) in the header, by inserting `PRIVATE SCHOOL' before `TEACHERS';
(ii) in subparagraph (A)(i), by striking `subsection (b)(1)' and inserting
`subsection (b)(1)(B)';
(iii) in subparagraph (B)(i), by striking `subsection (b)(1)' and inserting
`subsection (b)(1)(B)'; and
(iv) in subparagraph (B)(iii), by striking `public or' before `non-profit';
and
(A) in paragraph (1)(A), by striking `(b)(1)(A)' and inserting `(b)(1)(B)(i)';
and
(B) in paragraph (3), by striking `(b)(1)(A)(ii)' and inserting `(b)(1)(B)(ii)'.
END
