Page:United States Statutes at Large Volume 107 Part 1.djvu/850

 107 STAT. 824 PUBLIC LAW 103-82—SEPT. 21, 1993 (ii) by inserting immediately after subparagraph (V) the following ne\V subparagraph: "(W)(i) provides that, upon written request, a lender shall grant a borrower forbearance on such terms as are otherwise consistent with the regulations of the Secretary, during periods in which the borrower is serving in a national service position, for which the borrower receives a national service educational award under the National and Community Service Trust Act of 1993; ''(ii) provides that clauses (iii) and (iv) of subparagraph (V) shall also apply to a forbearance granted under this subparagraph; and " (iii) provides that interest shall continue to accrue on a loan for which a borrower receives forbearance under this subparagraph and shall be capitalized or paid by the borrower;"; and (B) in subsection (c)(3)(A), by striking "subsection (b)(l)(V)" and inserting "subparagraphs (V) and (W) of subsection (b)(D". (2) ELIGIBILITY FOR STAFFORD LOAN FORGiVEhfESS. — Section 428J of the Higher Education Act of 1965 (20 U.S.C. 1078- 10) is amended— (A) in subsection (b)(D, by striking "October 1, 1992" and inserting "October 1, 1989"; and (B) in subsection (c), by adding at the end the following new paragraph: "(5) INELIGIBILITY OF NATIONAL SERVICE EDUCATIONAL AWARD RECIPIENTS. —No Student borrower may, for the same volunteer service, receive a benefit under both this section and subtitle D of title I of the National and Community Service Act of 1990 (42 U.S.C. 12571 et seq.). ". (3) ELIGIBILITY FOR PERKINS LOAN FORGIVENESS. —Section 465(a) of the Higher Education Act of 1965 (20 U.S.C. 1087ee(a)) is amended by adding at the end the following new paragraph: "(6) No borrower may, for the same volunteer service, receive a benefit under both this section and subtitle D of title I of the National and Community Service Act of 1990 (42 U.S.C. 12571 et seq.).". (4) DEFINITION OF INCOME. — Section 480(a)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087w(a)(2)) is amended by inserting after 'Tjy an individual" the following: ", and no Eortion of a national service educational award or post-service enefit received by an individual under title I of the National and Community Service Act of 1990 (42 U.S.C. 12571 et seq.),". (5) IMPACT ON GENERAL NEEDS ANALYSIS. — Section 480(j) of the Higher Education Act of 1966 (20 U.S.C. 1087w(i)) is amended by adding at the end the following new paragraph: "(3) Notwithstanding paragraph (1), a national service educational award or post-service benefit under title I of the National and Community Service Act of 1990 (42 U.S.C. 12571 et seq.) shall not be treated as financial assistance for purposes of section 471(3).". SEC. 103. SCHOOL-BASED AND COMMUNITY-BASED SERVICE-LEARN- ING PROGRAMS. (a) AMENDMENTS TO SERVE-AMERICA PROGRAMS. —

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