Page:United States Statutes at Large Volume 104 Part 4.djvu/856

 104 STAT. 3172 PUBLIC LAW 101-610—NOV. 16, 1990 comparable full-time service as a volunteer for a taxexempt organization of demonstrated effectiveness in the field of community service.". SEC. 202. EXIT COUNSELING FOR BORROWERS. Section 485(b) of the Higher Education Act of 1965 (20 U.S.C. 1092(b)) is amended— (1) by striking "and" at the end of paragraph (1); (2) by striking the period at the end of paragraph (2) and inserting in lieu thereof a semicolon and "and"; and (3) by inserting after paragraph (2) the following new paragraph: "(3) the terms and conditions under which the student may obtain partial cancellation or defer repayment of the principal and interest for service under the Peace (Dorps Act (as established by the Peace Corps Act (22 U.S.C. 2501 et seq.)) or under the Domestic Volunteer Service Act of 1973 (42 U.S.C. 4951 et seq.) or for comparable full-time service as a volunteer for a taxexempt organization of demonstrated effectiveness.". SEC. 203. DEPARTMENT INFORMATION ON DEFERMENTS AND CANCELLA- TIONS. Section 485(d) of the Higher Education Act of 1965 (20 U.S.C. 1092(d)) is amended by inserting before the last sentence the following new sentence: "The Secretary shall provide information concerning the specific terms and conditions under which students may obtain partial or total cancellation or defer repa3mient of loans for service, shall indicate (in terms of the Federal minimum wage) the maximum level of compensation and allowances that a student borrower may receive from a tax-exempt organization to qualify for a deferment, and shall explicitly state that students may qualify for such partial cancellations or deferments when they serve as a paid employee of a tax-exempt organization". SEC. 204. DATA ON DEFERMENTS AND CANCELLATIONS. Section 485B(a) of the Higher Education Act of 1965 (20 U.S.C. 1092b(a)) is amended— (1) by striking "and" at the end of paragraph (3); (2) by striking the period at the end of paragraph (4) and inserting in lieu thereof a semicolon and "and"; and (3) by adding the following new paragraph after paragraph (4): "(5) the exact amount of loans partially or totally CEmceled or in deferment for service under the Peace Corps Act (22 U.S.C. 2501 et seq.)), for service under the Domestic Volunteer Service Act of 1973 (42 US.C. 4951 et seq.), and for comparable full-time service as a volunteer for a tax-exempt organization of demonstrated effectiveness.". Subtitle B—Youthbuild Projects SEC. 211. YOUTHBUILD PROJECTS. The Domestic Volunteer Service Act of 1973 (42 U.S.C. 4951 et seq.) is amended by adding at the end thereof the following new title:

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