Page:United States Statutes at Large Volume 78.djvu/1143

 78 STAT. ]

PUBLIC LAW 88-665-OCT. 16, 1964

1101

30, 1966, $190,000,000 for the fiscal year ending June 30, 1967, and $195,000,000 for the fiscal year ending June 30, 1968, and such sums for the fiscal year ending June 30, 1969, and each of the next three fiscal years as may be necessary to enable students who have received loans for school years ending prior to July 1, 1968, to continue or complete their education". ALLOTMENTS TO STATES

SEC. 202. Section 202 of the National Defense Education Act of 1958 is amended by striking out "1965" wherever it appears therein ^-^g^^*^** ^^^^' and inserting in lieu thereof "1968". 20 USC 422. PAYMENT OF FEDERAL CAPITAL CONTRIBUTIONS

SEC. 203. Effective with respect to fiscal years beginning after June 30, 1964, section 203 of the National Defense Education Act of 1958 is further amended by striking out subsection (b) and by striking out " (a) " after "SEC. 203.".

20 USC 423.

CONDITIONS OF AGREEMENTS

SEC. 204. (a) Paragraph (4) of section 204 of the National Defense Education Act of 1958 is amended to read as follows: 2° "^^ '^^'^^ "(4) provide that in the selection of students to receive loans from such student loan fund special consideration shall be given to students with a superior academic background; and". (b) The amendment made by subsection (a) of this section shall apply to the selection of students under title II of the National Defense Education Act of 1958 made in or after the second month following ^^^^ ^^^ "^21429. the month in which this Act is enacted. T E R M S OF LOANS

SEC. 205. (a) Subsection (a) of section 205 of the National Defense Education Act of 1958 is amended to read as follows: "(a) The total of the loans for any academic year or its equivalent, as determined under regulations of the Commissioner, made by institutions of higher education from loan funds established pursuant to agreements under this title may not exceed $2,500 in the case of any graduate or professional student (as defined in regulations of the Commissioner), and may not exceed $1,000 in the case of any other student. The aggregate of the loans for all years from such funds may not exceed $10,000 in the case of any graduate or professional student (as so defined, and including any loans from such funds made to such person before he became a graduate or professional student), or $5,000 m the case of any other student." (b)(1) Paragraph (1) of subsection (b) of such section 205 is amended to read as follows: " (1) such a loan shall be made only to a student who (A) is in need of the amount of the loan to pursue a course of study at such institution, and (B) is capable, in the opinion of the institution, of maintaining good standing in such course of study, and {C) has been accepted for enrollment as a student in such institution or, in the case of a student already attending such institution, is in good standing there either as an undergraduate, graduate, or professional student, and (D) is carrying at least one-half the normal full-time academic workload as determined by the institution;".

^° ^^^ '^^^•

�