S.378 - Tribal Colleges and Universities Teacher Loan Forgiveness Act108th Congress (2003-2004)
|Sponsor:||Sen. Daschle, Thomas A. [D-SD] (Introduced 02/12/2003)|
|Committees:||Senate - Indian Affairs|
|Latest Action:||02/12/2003 Read twice and referred to the Committee on Indian Affairs. (text of measure as introduced: CR S2362) (All Actions)|
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Summary: S.378 — 108th Congress (2003-2004)All Bill Information (Except Text)
Tribal Colleges and Universities 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.
Introduced in Senate (02/12/2003)
Prohibits a borrower from receiving, for the same service, both a benefit from this Act and a benefit from the National Community Service Act of 1990.
Provides that the amount of any loan forgiven under this Act shall not be treated as gross income for Federal tax purposes.