Page:United States Statutes at Large Volume 104 Part 4.djvu/590

 104 STAT. 2906 PUBLIC LAW 101-589 —NOV. 16, 1990 (k) NOTIFICATION OF SCHOOLS.— The Secretary shall notify all institutions of higher education in the United States annually of the availability of scholarships under this section. (1) SCHOLARSHIP AMOUNT.— (1) AMOUNT OF AWARD.— Except as provided in paragraph (2), the amount of a scholarship awarded under this section for siny academic year shall be $5,000. ^ (2) RELATION TO COST OF ATTENDANCE. —Notwithstanding paragraph (1), the amount of a scholarship awarded under this section shall be reduced by the amount that the scholarship exceeds the student's cost of attendance, as defined in section 472 of the Higher Education Act of 1965. A scholarship awarded under this section shall not be reduced on the basis of the student's receipt of other forms of Federal student financial assistance, but shall be taken into account in determining the eligibility of the student for those other forms of Federal student financial assistance. (m) SERVICE REQUIREMENT.— (1) TEACHING OBLIGATION.— Each recipient of an award under this section shall, as a condition of the receipt of such award, agree to complete, within 6 years sifter graduation from the baccalaureate degree program for which the award was made or within 6 years after completion of the additional period of scholarship support, if applicable, at least 2 years of service as an elementary or secondary mathematics or science teacher for each year of scholarship support under this section, except that such requirement shall not exceed a total of 4 years. Service required under this paragraph shall be performed at a school receiving assistance under chapter 1 of title I of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 2701 et seq.). (2) REPAYMENT ALTERNATIVE. —As part of the agreement required under paragraph (1), each recipient shall agree, in the event of failure to complete the service obligation described in paragraph (1), to repay an amount equal to— (A) the total amount of awards received by such individual under this section; plus (B) the interest on such amounts which would be payable if at the time the amounts were received they were loans bearing interest at the maximum legal prevailing rate, as determined by the Treeisurer of the United States, except that such payment shall be reduced, for each year of service that the individual has successfully completed, by a fraction equal to 1 divided by the number of years of service the student is obligated to perform. Such repa3ntnent shall be made within 1 year after the recipient has ceased to perform the service obligation described in paragraph (1). (3) EXCEPTIONS.—The Secretary may provide for the partial or total waiver or suspension of any service obligation or payment by an individual under this section in the same manner as is permitted under section 558 of the Higher Education Act of 1965 with respect to scholarships under subpart 1 of part D of title V of the Higher Education Act of 1965, except that pregnancy, child-rearing, or comparable family responsibilities shall also be grounds for deferral. (n) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the National Science Foundation, for transfer to the Department of Education, $2,500,000 for fiscal year 1991,

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