Page:United States Statutes at Large Volume 79.djvu/1294

 1254

Ante, p p. 1252 1253.

20 USC 42^4^'

PUBLIC LAW 89-329-NOV. 8, 1965

[79 STAT.

"(c) Pursuant to regulations of the Commissioner, an institution may assess a charge with respect to a loan from the loan fund established by the institution pursuant to this title for failure of the borrower to pay all or any part of an installment when it is due and, in the case of a borrower who is entitled to deferment benefits under section 205(b)(2) or cancellation benefits under section 205(b)(3), for any failure to file timely and satisfactory evidence of such entitlement. The amount of any such charge may not exceed— " (1) in the case of a loan which is repayable in monthly installments, $1 for the first month or part of a month by which such installment or evidence is late and $2 for each such month or part of a month thereafter; and "(2) in the case of a loan which has a bimonthly or qua,rterly repayment interval, $3 and $6, respectively, for each such interval or part thereof by which such installment or evidence is late. The institution may elect to add the amount of any such charge to the principal amount of the loan as of the first day after the day on which such installment or evidence was due, or to make the amount of the charge payable to the institution not later than the due date of the next installment after receipt by the borrower of notice of the assessment of the charge." ^^^ Clause (2) of section 204 of such Act is amended by striking out "and (D) " and inserting in lieu thereof " (D) charges collected pursuant to section 205(c), and (E) ". (c) The amendment made by subsection (a) shall be applicable only with respect to loans made after the date of enactment of this Act. E C O N O M I C S, CIVICS, A N D I N D U S T R I A L ARTS

20 USC 4^3^' 20 USC 441.

20 USC 591.

SEC. 467. (a)(1) Clauses (1) and (5) of section 303(a) of the National Defense Education Act of 1958 are each amended by inserting "economics," after "geography,". (2) Section 301 of such Act is amended by striking out "and $90,000,000 for the fiscal year ending June 30, 1965, and for each of the three succeeding fiscal years" and inserting in lieu thereof "$90,000,000 for the fiscal year ending June 30, 1965, and $100,000,000 for the fiscal year ending June 30, 1966, and for each of the two succeeding fiscal years". cb) Section 1101 of such Act is amended— (1) by striking out "each of the three succeeding fiscal years" and inserting in lieu thereof "$50,000,000 for the fiscal year ending June 30, 1966, and for each of the two succeeding fiscal years"; and (2) by inserting "economics, civics, industrial arts," after "geography,". TITLE V—TEACHER PROGRAMS PART A—GENERAL PROVISIONS ADVISORY C O U N C I L ON Q U A L I T Y T E A C H E R

Establishment.

PREPARATION

3K(-_ 501. (a) The.Commissioner shall establish in the Office of Education an Advisory Council on Quality Teacher Preparation for the purpose of reviewing the administration and operation of the programs carried out under this title and of all other Federal programs for complementary purposes. This review shall pay particular attention to the effectiveness of these programs in attracting, preparing, and retaining highly qualified elementary and secondary school teachers,

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