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H.R.4495 - Education for Jobs Act114th Congress (2015-2016)

Bill

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Sponsor: Rep. Lujan Grisham, Michelle [D-NM-1] (Introduced 02/08/2016)
Committees: House - Education and the Workforce
Latest Action: House - 03/23/2016 Referred to the Subcommittee on Higher Education and Workforce Training.  (All Actions)

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This bill has the status Introduced

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Summary: H.R.4495 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4495. Bill summaries are authored by CRS.

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Introduced in House (02/08/2016)

Education for Jobs Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make an individual eligible to apply for a loan under the William D. Ford Federal Direct Loan program if that individual: (1) is carrying at least three credit hours or the equivalent coursework for the course of study the individual is pursuing, (2) is enrolled in an educational program leading to a degree or certificate, and (3) was employed on a full-time basis for at least 10 years.

It makes those students eligible for interest subsidies. It requires the repayment period for such a loan to begin the day after six months after the student ceases to meet the loan eligibility requirements.