Page:United States Statutes at Large Volume 106 Part 1.djvu/574

 106 STAT. 542 PUBLIC LAW 102-325—JULY 23, 1992 of interest on such loan which accrues for such year shall be repaid by the Secretary. "(4) SPECIAL RULE. —In the case where a student borrower who is not pgirticipating in loan repayment pursuant to this section returns to an institution of higher education after graduation from an institution of higher education for the purpose of obtaining a teaching certificate, the Secretary is authorized to assume the obligation to repay the total amount of Stafford loans incurred for a maximum of 2 academic years in returning to an institution of higher education for the purpose of obtaining a teaching certificate or additional certification. Such Stafford loans shall only be repaid for borrowers who qualify for loan repayment pursuant to the provisions of this section, and shall be repaid in accordance with the provisions of paragraph (1). "(d) REPAYMENT OF ELIGIBILITY LENDERS.— The Secretary shall pay to each eligible lender or holder for each fiscal year an amount equal to the aggregate amount of Stafford loans which are subject to repa5ment pursuant to this section for such year. "(e) APPLICATION FOR REPAYMENT.— Each eligible individual desiring loan repayment under this section shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may reasonably require. "(f) DEFINITIONS. —For the purpose of this section the term 'eligible lender' has the same meaning given such term in section 435(d). " (g) EVALUATION.— Contracts. "(1) IN GENERAL.—The Secretary shall conduct, by grant or contract, an independent national evaluation of the impact of the program assisted under this part on the fields of teacMng, nursing, and commiuiity service. "(2) COMPETITIVE BASIS.— The grant or contract described in paragraph (1) shall be awarded on a competitive basis. "(3) CONTENTS. — The evaluation described in this section shall— "(A) assess whether the program assisted under this section has brought into teaching, nursing, and community service a significant number of highly capable individuals who otherwise would not have entered such fields; "(B) assess whether a significant number of students perform the service described in subsection (b) or opt to repay the loans instead of remaining in the career for which such student received loan repa3ment under this section; "(C) identify the barriers to the effectiveness of the program assisted under this section; "(D) assess the cost-effectiveness of such program in improving teacher, nursing, and community service worker quaHty and quantity and the ways to improve the costeffectiveness of such program; "(E) identify the reasons for which participants in the program have chosen to take part in such program; and "(F) identify other areas of community service or employ- ment which may serve as appropriate methods of loan repayment.
 * (3) INTEREST.— If a portion of a loan is repaid by the Secretary under this section for any year, the proportionate amount

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