Page:United States Statutes at Large Volume 103 Part 3.djvu/46

 103 STAT. 2114 PUBLIC LAW 101-239—DEC. 19, 1989 R^ulations. 20 USC 1078-1 note. 20 USC 1094. 20 USC 1078-1 note. attendance at that eligible institution to complete that ^' program of instruction. (C) If, on or after November 8, 1989, the duration of any program of instruction is extended, subparagraph (B) shall not permit a student enrolled in such program of instruc- tion to receive additional loans under such section 428A during the extension. (b) MAXIMUM LOAN AMOUNTS.— (1) AMENDMENT.— Section 428A(b)(l) of the Higher Education Act of 1965 (20 U.S.C. 1078-l(b)(l)) is amended to read as follows: "(1) ANNUAL LIMIT.— Subject to paragraphs (2) and (3), the maximum amount a student may borrow in any academic year or its equivalent (as defined by regulation by the Secretary), or in any period of 9 consecutive months, whichever is longer, is $4,000, except that in the case of a student who has not success- fully completed the first year of a program of undergraduate education and who is not enrolled in a program that is at least one academic year in length, as determmed in accordance with regulations prescribed by the Secretary, such maximum amount shall be— "(A) $2,500 for a student who is determined, in accord- ance with such regulations, to be enrolled in a program whose length is at least % of an academic year; "(B) $1,500 for a student who is determined, in accord- ance with such regulations, to be enrolled in a program whose length is less than %, but at least Vs, of an academic year; and "(C) zero for a student who is determined, in accordance with such regulations, to be enrolled in a program whose length is less than Va of an academic year.". (2) EFFECTIVE DATE.— The amendment made by this subsection shall apply to loans made on or after January 1, 1990, and before October 1, 1991. (c) COMPLETION OF HIGH SCHOOL EQUIVALENCY REQUIRED.— (1) ABILTTY-TO-BENEFIT STUDENTS INELIGIBLE FOR SLS PROGRAM UNTIL GED COMPLETION. —Section 428A(a)(l) of the Higher Edu- cation Act of 1965 (20 U.S.C. 1078-l(a)(l)) is further amended by adding at the end thereof the following new sentence: "No student who is admitted on the basis of the ability to benefit from the education or training provided by the institution (as determined under section 484(d)) shall be eligible to borrow funds under this section until such student has obtained a certificate of high school equivalency or a high school diploma.". (2) GED PROGRAM REQUIRED FOR ABILITY-TO-BENEFIT STU- DENTS.—Section 487(a) of the Higher Education Act of 1965 is amended by adding at the end thereof the following new paragraph: "(11) In the case of any institution which admits students on the basis of their ability to benefit from the education or training provided by such institution (as determined under section 484(d)), the institution will make available to such stu- dents a program proven successful in assisting students in obtaining a certificate of high school equivalency.. (3) EFFECTIVE DATE. — The amendments made by this subsec- tion shall apply with respect to periods of enrollment beginning on or after January 1, 1990.

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