H.R.5371 - Education for Jobs Act115th Congress (2017-2018)
|Sponsor:||Rep. Lujan Grisham, Michelle [D-NM-1] (Introduced 03/21/2018)|
|Committees:||House - Education and the Workforce|
|Latest Action:||House - 03/21/2018 Referred to the House Committee on Education and the Workforce. (All Actions)|
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Summary: H.R.5371 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/21/2018)
Education for Jobs Act
This bill amends 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.