Page:United States Statutes at Large Volume 112 Part 2.djvu/815

 PUBLIC LAW 105-244—OCT. 7, 1998 112 STAT. 1699 skills in reading, writing, mathematics, and other areas of the elementary school curriculum; and "(2) is not in default on a loan for which the borrower seeks forgiveness. "(c) QUALIFIED LOANS AMOUNT. — "(1) IN GENERAL.— The Secretary shall repay not more than $5,000 in the aggregate of the loan obligation on a loan made under section 428 or 428H that is outstanding after the completion of the fifth complete school year of teaching described in subsection (b)(1). No borrower may receive a reduction of loan obligations under both this section and section 460. "(2) TREATMENT OF CONSOLIDATION LOANS. —^A loan amount Regulations. for a loan made under section 428C may be a qualified loan amount for the purposes of this subsection only to the extent that such loan amount was used to repay a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, or a loan made under section 428 or 428H for a borrower who meets the requirements of subsection (b), as determined in accordance with regulations prescribed by the Secretary. "(d) REGULATIONS.— The Secretary is authorized to issue such regulations as may be necessary to carry out the provisions of this section. "(e) CONSTRUCTION. — Nothing in this section shall be construed to authorize any refunding of any repayment of a loan. "(f) LIST.— If the list of schools in which a teacher may perform service pursuant to subsection (b) is not available before May 1 of any year, the Secretary may use the list for the year preceding the year for which the determination is made to make such service determination. "(g) ADDITIONAL ELIGIBILITY PROVISIONS. — "(1) CONTINUED ELIGIBILITY.— Any teacher who performs service in a school that— "(A) meets the requirements of subsection (b)(1)(A) in any year during such service; and "(B) in a subsequent year fails to meet the requirements of such subsection, may continue to teach in such school and shall be eligible for loan forgiveness pursuant to subsection (b). "(2) PREVENTION OF DOUBLE BENEFITS.—No borrower may, for the same service, receive a benefit under both this subsection and subtitle D of title I of the National and Community Service Act of 1990 (42 U.S.C. 12571 et seq.). "(h) DEFINITION. —For purposes of this section, the term 'year** where applied to service as a teacher, means an academic year as defined by the Secretary.". SEC. 425. LOAN FORGIVENESS FOR CHILD CARE PROVIDERS. Part B (20 U.S.C. 1071 et seq.) is amended by inserting after section 428J (20 U.S.C. 1078-10) the following: "SEC. 428K. LOAN FORGIVENESS FOR CHILD CARE PROVIDERS. "(a) PURPOSE. —It is the purpose of this section— "(1) to bring more highly trained individuals into the early child care profession; and "(2) to keep more highly trained child care providers in the early child care field for longer periods of time. "(b) DEFINITIONS. —In this section: 20 USC 1078-11.

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