Page:United States Statutes at Large Volume 100 Part 2.djvu/482

 100 STAT. 1584 20 USC 1071 note.

Reports.

20 USC 1071 note.

Reports.

20 USC 1071 note.

SEC. 1312. STUDY OF USE OF MULTIPLE-YEAR LINES OF CREDIT.

The Comptroller General shall evaluate the feasibility and efficiency of permitting students to establish lines of credit with eligible lenders under part B of title IV of the Act that cover more than 2 years of attendance at an institution of higher education. Such evaluation shall determine the extent to which such an arrangement would reduce the administrative costs associated with making separate loans annually under such part. In conducting such evaluation, the Comptroller General shall consult institutions of higher education and eligible lenders under such part. Within 2 years after the date of enactment of this Act, the Comptroller General shall submit to the Congress a report on the results of such evaluation together with such recommendations as the Secretary considers appropriate. SEC. 1313. STUDY OF MULTIPLE DISBURSEMENT.

The Comptroller General shall evaluate the impact of the multiple disbursement system required for student loans under part B of title IV of the Act on the ability of both students and institutions of higher education to meet their expenses as they arise. Such evaluation shall include an assessment of any other impacts of such system on such students or institutions that the Comptroller General determines to be significant. A report on the results of such evaluation shall be submitted to the Congress not later than 2 years after the date of enactment of this Act. SEC. 1314. STUDENT LOAN CONSOLIDATION.

The Comptroller General shall evaluate the cost, efficiency, and impact of the consolidation loan program established by the amendments made by this Act to part B of title IV of the Act and shall report to the Congress not later than 2 years after the date of enactment of this Act on the findings and recommendations required by this subsection. nf's

20 USC 1221-1 note.

PUBLIC LAW 99-498—OCT. 17, 1986

1

PART C—COSTS OF POSTSECONDARY EDUCATION

SEC. 1321. NATIONAL COMMISSION ON RESPONSIBILITIES FOR FINANCING POSTSECONDARY EDUCATION.

(a) FINDINGS.—The Congress finds— (1) that institutions of higher education in our Nation and their human and intellectual resources are critical to the future its strength, security, and freedom, and the quality of life for all citizens are tied to the quality and extent of higher education available; (2) that it is the responsibility of the Federal Government to establish a clearly defined national policy regarding— (A) the role and expectations of respective institutions in society (the family unit, institutions of higher education, '5*> postsecondary education); and (B) the most efficient and effective use of limited Federal, State, and private resources for supplementing the family effort in financing postsecondary education and for creating v»- ^ J incentives for individuals and families to plan for financing postsecondary education; and
 * * of the American society, and the Nation's economic potential,
 * * - government, and the individual in financing the costs of

�