Page:United States Statutes at Large Volume 112 Part 2.djvu/767

 PUBLIC LAW 105-244 —OCT. 7, 1998 112 STAT. 1651 "(ii) $4,800 for academic year 2000-2001; "(iii) $5,100 for academic year 2001-2002; "(iv) $5,400 for academic year 2002-2003; and "(v) $5,800 for academic year 2003-2004, less an amount equal to the amount determined to be the expected family contribution with respect to that student for that year.". (c) RELATION OF MAXIMUM GRANT TO TUITION AND EXPENSES. — Paragraph (3) of section 401(b) is amended to read as follows: 20 USC 1070a. "(3)(A) For any academic year for which an appropriation Act provides a maximum basic grant in an amount in excess of $2,700, the amount of a student's basic grant shall equal $2,700 plus— "(i) one-half of the amount by which such maximum basic grant exceeds $2,700; plus "(ii) the lesser of— "(I) the remaining one-half of such excess; or "(II) the sum of the student's tuition and, if the student has dependent care expenses (as described in section 472(8)) or disability-related expenses (as described in section 472(9)), an allowance determined by the institution for such expenses. "(B) An institution that charged only fees in lieu of tuition as of October 1, 1998, may include in the institution's determination of tuition charged, fees that would normally constitute tuition.". (d) REGULATIONS FOR MULTIPLE AWARDS.— Section 401(b)(6) is amended— (1) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively; (2) by inserting "(A)" after the paragraph designation; and (3) by adding at the end the following: "(B) The Secretary shall promulgate regulations implementing Regulations, this paragraph.". (e) TIME LIMIT TO RECEIVE GRANTS.—Section 401(c) is amended by adding at the end the following: "(4) Notwithstanding paragraph (1), the Secretary may allow, on a case-by-case basis, a student to receive a basic grant if the student— "(A) is carrying at least one-half the normal full-time work load for the course of study the student is pursuing, as determined by the institution of higher education; and "(B) is enrolled or accepted for enrollment in a postbaccalaureate program that does not lead to a graduate degree, and in courses required by a State in order for the student to receive a professional certification or licensing credential that is required for employment as a teacher in an elementary school or secondary school in that State, except that this paragraph shall not apply to a student who is enrolled in an institution of higher education that offers a baccalaureate degree in education.". (f) INSTITUTIONAL INELIGIBILITY BASED ON DEFAULT RATES. — Section 401 is amended by adding at the end the following: " (j) INSTITUTIONAL INELIGIBILITY BASED ON DEFAULT RATES.— "(1) IN GENERAL.—No institution of higher education shall be an eligible institution for purposes of this subpart if such institution of higher education is ineligible to participate in a loan program under part B or D as a result of a final default rate determination made by the Secretary under part

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