Page:United States Statutes at Large Volume 101 Part 1.djvu/388

 101 STAT. 358

PUBLIC LAW 100-50—JUNE 3, 1987

"(1) The Advisory Committee shall conduct a thorough study of institutional lender policy. In carrying out the study, the Advisory Committee shall examine, but not be limited to— "(A) the relevance and current applicability of the institutional lender criteria established in section 435(d); 20 USC 1085. "(B) the appropriateness of using default rates for loans made under part E or other institutional criteria to deter* mine institutional participation; "(C) whether or not a portion or all of any special allowance or other payments paid to institutional lenders should benefit need-based scholarship or grant programs; "(D) whether or not institutional lenders should be reail " . quired to hold loans made to eligible borrowers through Jew-OBIJ O -woffc graduation or termination of matriculation; S "(E) examine the extent and degree to which student access to loan capital would be adversely affected by the m • restrictions contained in section 435(d)(2); and "(F) assess the potential impact on State secondary marW kets and lender portfolios if student borrowers at higher cost colleges and universities, who come from higher ' " income families, concentrate their lending with a few large lenders and secondary markets. "(2) The Advisory Committee shall consult with the Committee on Education and Labor of the House of Representatives and the Committee on Labor and Human Resources of the Senate in carrying out the study required by this subsection. Reports. "(3) The Advisory Committee shall, not later than 2 years after the date of enactment of the Higher Education Technical Amendments Act of 1987, prepare and submit to the Committee on Education and Labor of the House of Representatives and the Committee on Labor and Human Resources of the Senate a report of the study required by this section.". sum ^oiMi

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20 USC 1109.

20 USC 1109a. 20 USC 1109b.

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SEC. 16. LEADERSHIP IN EDUCATIONAL ADMINISTRATION MENT.

DEVELOP-

Subpart 2 of part C of title V of the Act is amended— (1) in the matter preceding paragraph (1) of section 541(b), by striking out "contractors" and inserting in lieu thereof "grantees"; (2) in section 542, by striking out "for any fiscal year" and inserting "for fiscal year 1987 or any succeeding fiscal year"; (3) in section 543— (A) in subsection (a)— (i) in the subsection heading, by striking out "CONtuo TRACTS" and inserting in lieu thereof "GRANTS"; and (ii) by striking out "enter into contracts with" and ••%' inserting in lieu thereof "award grants to"; (B) in subsection (b)— (i) in the subsection heading, by striking out "CONTRACT" and inserting in lieu thereof "GRANT"; (ii) in the matter preceding paragraph (1), by striking out "contract entered into" and inserting in lieu thereof "grant awarded"; and (iii) by striking out "contractor" each place it appears and inserting in lieu thereof "grantee"; and (C) in subsection (c)—..,,i^^..«r„.,..,^^,...*., r,.,..„.,

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