Page:United States Statutes at Large Volume 107 Part 1.djvu/849

 PUBLIC LAW 103-82—SEPT. 21, 1993 107 STAT. 823 may be disbursed under this subsection for any period of enrollment shall not exceed the difTerence between— "(A) the eligible individual's cost of attendance for such period of enrollment, determined in accordance with section 472 of the Higher Education Act of 1965 (20 U.S.C. 108711); and "(B) the sum of— "(i) the student's estimated financial assistance for such period under part A of title IV of such Act (20 U.S.C. 1070 et seq.); and determined in accordance with section 480(c) of such Act (20 U.S.C. 1087w(c)). "(d) USE OF EDUCATIONAL AWARD TO PARTICIPATE IN APPROVED Regulations. SCHOOL-TO-WORK PROGRAMS.—The Corporation shall by regulation provide for the payment of national service educational awards to permit eligible individuals to participate in school-to-work programs approved by the Secretaries of Labor and Education. "(e) INTEREST PAYMENTS DURING FORBEARANCE ON LOAN Regulations. REPAYMENT.— The Corporation shall provide by regulation for the payment on behalf of an eligible individual of interest that accrues during a period for which such individual has obtained forbearance in the repayment of a qualified student loan (as defined in subsection (b)(6)), if the eligible individual successfully completes the individual's required term of service (as determined under section 146(b)). Such regulations shall be prescribed after consultation with the Secretary of Education. "(f) EXCEPTION.— With the approval of the Director, an approved national service program funded under section 121, may offer participants the option of waiving their right to receive a national service educational award in order to receive an alternative postservice benefit funded by the program entirely with non-Federal funds. "(g) DEFINITION OF INSTITUTION OF HIGHER EDUCATION.— Notwithstanding section 101 of this Act, for purposes of this section the term 'institution of higher education' has the meaning provided by section 481(a) of the Higher Education Act of 1965 (20 U.S.C. 1088(a)).' '. (b) TABLE OF CONTENTS. — Section 1(b) of the National and Community Service Act of 1990 (Public Law 101-610; 104 Stat. 3127) is amended by striking the items relating to subtitle D of title I of such Act and inserting the following new items: "Subtitle D—National Service Trust and Provision of National Service Educational Awards 145. Establishment of the National Service Trust. 146. Individuals eligible to receive a national service educational award from "Sec "Sec the Trust. "Sec. 147. Determination of the amount of the national service educational award. "Sec. 148. Disbursement of national service educational awards.". (c) CONFORMING AMENDMENTS. — (1) FORBEARANCE IN THE COLLECTION OF STAFFORD LOANS. —Section 428 of the Higher Education Act of 1965 (20 U.S.C. 1078) is amended— (A) in subsection (b)(l)— (i) by redesignating subparagraphs (W), (X), and (Y) as subparagraphs (X), (Y), and (Z), respectively; and
 * (ii) the student's veterans' education benefits,

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