H.R.365 - Tribal College or University Teacher Loan Forgiveness Act108th Congress (2003-2004)
||Rep. Hooley, Darlene [D-OR-5] (Introduced 01/27/2003)
||House - Education and the Workforce; Ways and Means
||02/21/2003 Referred to the Subcommittee on 21st Century Competitiveness. (All Actions)
This bill has the status Introduced
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Introduced in House (01/27/2003)
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.