Text: H.R.4344 — 110th Congress (2007-2008)All Information (Except Text)

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Introduced in House (12/11/2007)


110th CONGRESS
1st Session
H. R. 4344


To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship.


IN THE HOUSE OF REPRESENTATIVES

December 11, 2007

Mr. Walberg (for himself, Mr. McKeon, Mr. Ehlers, Mr. Kline of Minnesota, Mr. Boustany, Mr. Lucas, and Mr. Price of Georgia) introduced the following bill; which was referred to the Committee on Education and Labor


A BILL

To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Definition of economic hardship.

Section 435(o) of the Higher Education Act of 1965 (20 U.S.C. 1085(o)) is amended—

(1) in paragraph (1)—

(A) in subparagraph (A)(ii), by striking “or” after the semicolon;

(B) by redesignating subparagraph (B) as subparagraph (C); and

(C) by inserting after subparagraph (A) the following:

“(B) such borrower is working full-time and has a Federal educational debt burden that equals or exceeds 20 percent of such borrower’s adjusted gross income, and the difference between such borrower’s adjusted gross income minus such burden is less than 220 percent of the greater of—

“(i) the annual earnings of an individual earning the minimum wage under section 6 of the Fair Labor Standards Act of 1938; or

“(ii) 150 percent of the poverty line, as defined under section 673(2) of the Community Services Block Grant Act, applicable to such borrower's family size; or”; and

(2) in paragraph (2), by striking “(1)(B)” and inserting “(1)(C)”.