S.340 - Tribal College or University Teacher Loan Forgiveness Act107th Congress (2001-2002)
||Sen. Daschle, Thomas A. [D-SD] (Introduced 02/15/2001)
||Senate - Indian Affairs
|| Senate - 02/15/2001 Read twice and referred to the Committee on Indian Affairs. (All Actions)
This bill has the status Introduced
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Introduced in Senate (02/15/2001)
Tribal College or University Teacher Loan Forgiveness Act - Amends the Higher Education Act of 1965 to provide for the cancellation of a specified percentage of the total amount of any Federal Perkins loan, Federal Family Education loan, or direct student loan for each year of employment (up to five) as a full-time teacher at a tribal college or university if the borrower is not in default on such loan. Prohibits a borrower from receiving, for the same service, such a benefit and a national service educational award. Provides that the amount of any loan forgiven under this Act shall not be treated as gross income for Federal tax purposes.