H.R.4468 - To amend the Higher Education Act of 1965 to reduce certain restrictions on the participation of proprietary institutions of higher education in programs of student financial aid.103rd Congress (1993-1994)
|Sponsor:||Rep. Mink, Patsy T. [D-HI-2] (Introduced 05/20/1994)|
|Committees:||House - Education and Labor|
|Latest Action:||House - 06/09/1994 Referred to the Subcommittee on Postsecondary Education and Training. (All Actions)|
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Text: H.R.4468 — 103rd Congress (1993-1994)All Information (Except Text)
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Introduced in House (05/20/1994)
[Congressional Bills 103th Congress] [From the U.S. Government Printing Office] [H.R. 4468 Introduced in House (IH)] 103d CONGRESS 2d Session H. R. 4468 To amend the Higher Education Act of 1965 to reduce certain restrictions on the participation of proprietary institutions of higher education in programs of student financial aid. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 20, 1994 Mrs. Mink (for herself, Mrs. Unsoeld, Mr. Romero-Barcelo, Mr. Williams, Mr. Klink, Mr. Engel, Mr. Pastor, Ms. Velazquez, Mr. Pickett, Mr. Mollohan, Mr. Calvert, Mr. Skeen, Mr. Martinez, Mr. Kildee, Mr. Abercrombie, Ms. Woolsey, Mr. Cunningham, and Mr. Hilliard) introduced the following bill; which was referred to the Committee on Education and Labor _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to reduce certain restrictions on the participation of proprietary institutions of higher education in programs of student financial aid. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. TREATMENT OF LOAN FUNDS IN CALCULATION OF 85/15 LIMITATION. Section 481(b) of the Higher Education Act of 1965 (20 U.S.C. 1088(b)) is amended by adding at the end the following new sentence: ``For the purposes of clause (6) of this subsection, funds received by an institution from the proceeds of loans made to students or parents under this title shall be considered to be funds of such students or parents, and not to be funds derived from funds provided under this title.''. <all>