Page:United States Statutes at Large Volume 112 Part 2.djvu/799

 PUBLIC LAW 105-244 —OCT. 7, 1998 112 STAT. 1683 "(11) any veterans' education benefits paid because of enrollment in a postsecondary education institution, including veterans' education benefits (as defined in section 480(c), but excluding benefits described in paragraph (2)(E) of such section); plus "(III) other scholarship, grant, or loan assistance, but excluding any national service education award or post-service benefit under title I of the National and Community Service Act of 1990; and "(iii) the determination of need and of the amount of a loan by an eligible institution under subparagraph (B) with respect to a student shall be calculated in accordance with part F."; and (D) by striking subparagraph (F). (2) DURATION OF AUTHORITY.—Section 428(a)(5) is amended— 20 USC 1078. (A) by striking "September 30, 2002" and inserting "September 30, 2004"; and (B) by striking "September 30, 2006" and inserting "September 30, 2008". (b) INSURANCE PROGRAM AGREEMENTS.— (1) ANNUAL LOAN LIMITS.—Section 428(b)(1)(A) is amended— (A) in the matter preceding clause (i), by inserting ", as defined in section 481(a)(2)," after "academic year"; (B) in clause (i)— (i) in subclause (I), by striking "length (as determined under section 481);" and inserting "length; and"; and (ii) by striking subclauses (II) and (III) and inserting the following: "(II) if such student is enrolled in a program of undergraduate education which is less than 1 academic year, the maximum annual loan amount that such student may receive may not exceed the amount that bears the same ratio to the amount specified in subclause (I) as the length of such program measured in semester, trimester, quarter, or clock hours bears to 1 academic year;"; (C) in clause (iv), by striking "and" Eifler the semicolon; (D) in clause (v), by inserting "and" after the semicolon; and (E) by inserting before the matter following clause (v) the following: "(vi) in the case of a student enrolled in coursework specified in sections 484(b)(3)(B) and 484(b)(4)(B)— "(I) $2,625 for coursework necessary for enrollment in an undergraduate degree or certificate program, and, in the case of a student who has obtained a baccalaureate degree, $5,500 for coursework necessary for enrollment in a graduate or professional degree or certification program; and "(II) in the case of a student who has obtained a baccalaureate degree, $5,500 for coursework necessary for a professional credential or certification from a State required for employment as a teacher in an elementary school or secondary school;".

�