Page:United States Statutes at Large Volume 108 Part 5.djvu/477

 PUBLIC LAW 103-382—OCT. 20, 1994 108 STAT. 3967 "(iii) the College of the Marshall Islands, the College of Micronesia^ederated States of Micronesia, and Palau Community College;". (2) in subparagraph (D), by striking "and" after the semicolon; and (3) by adding after subparagraph (E) the following new subparagraph: " (F) located in a State; and". SEC. 353A. PART D HEADING. The heading for part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) is amended to read as follows: "PART D—WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM". SEC. 364. AUTHORIZATION OF APPROPRIATIONS FOR THE NATIONAL EARLY INTERVENTION SCHOLARSHIP AND PARTNERSHIP PROGRAM. Section 404G of the Higher Education Act of 1965 (20 U.S.C. 1070a-27) is amended by striking the second sentence thereof. SEC. 366. LENDER-OF-LAST-RESORT PROGRAMS. (a) AMENDMENT. — Paragraph (1) of section 428(c) of the Higher Education Act of 1965 (20 U.S.C. 1078(c)(1)) is amended by adding at the end the following new subparagraph: "(G) Notwithstanding any other provision of this section, the Secretary shall exclude a loan made pursuant to a lender-of-last-resort program when making reimbursement payment calculations under subparagraphs (B) and (C).". (b) EFFECTIVE DATE.— Subsection (a) and the amendment made 20 USC 1078 by subsection (a) shall take effect on August 10, 1993. SEC. 356. FEDERAL CONSOLIDATION LOANS. Paragraph (4) of section 428C(a) of the Higher Education Act of 1965 (20 U.S.C. 1078-3(a)(4)) is amended— (1) in subparagraph (B), by striking "or" after the semicolon; (2) in subparagraph (C), by striking the period and inserting "; or"; and (3) by adding at the end the following new subparagraph: "(D) made under subpart II of part B of title VIII of the Public Health Service Act.". SEC. 367. DEFINITION OF ECONOMIC HARDSHIP. Paragraph (1) of section 435(o) of the Higher Education Act of 1965 (20 U.S.C. 1085(o)(l)) is amended— (1) in clause (ii) of subparagraph (A), by striking "or" after the semicolon; (2) by redesignating subparagraph (B) as subparagraph (C); (3) by inserting after subparagraph (A) the following new subparagraph: "(B) such borrower is working full-time and has a Federal educational debt burden that equals or exceeds 20 percent of such borrower's adjusted gross income, and the difference between such borrower s adjusted gross note.

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