Description: TO AGREE TO THE CONFERENCE REPORT ON THE AMENDMENT OF THE HOUSE TO A SENATE AMENDMENT TO H.R. 12253, A BILL AMENDING THE GENERAL EDUCATION PROVISIONS ACT.
Bill summary: (LATEST SUMMARY)
Provides that any funds appropriated to carry out any program to which the General Education Provisions Act applies for the fiscal years 1973 and 1974 shall remain available for obligation and expenditure until June 30, 1975.
States that nothing in this Act shall be construed as approving the withholding from expenditure or the delay in expenditure of any funds appropriated to carry out any applicable program for fiscal year 1973 beyond allowed for apportionment.
the student assistance provisions of the Higher Education Act by entitling each student who has received a loan for study at an eligible institution to have paid on his behalf and for his account to the holders of the loan a portion of the interest of the loan if his adjusted family income is less than $15,000 and if he has been accepted for enrollment at an eligible institution or, in the case of a student who is attending such an institution, is in good standing at such institution as determined by such institution.
Provides that the determination of need and the amount of a loan recommended by an eligible institution and the amount of loans in excess of $2,000 recommended by an eligible institution with respect to a student shall be determined by substracting from the estimated cost of attendance at such institution the total of the expected family contribution with respect to such student plus any other resources or student financial assistance reasonably available to such student.
Provides that nothing in this or any other Act shall be construed to prohibit or require, unless otherwise specifically provided by law, a lender to evaluate the total financial situation of a student making application for a loan under this part, or to counsel a student with respect to any such loan, or to make a decision based on such evaluation and counseling with respect to the dollar amount of any such loan.
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Bill titles: An Act to make certain appropriations available for obligation and expenditure until June 30, 1975, and for other purposes.; A bill to amend the General Education Provisions Act to provide that funds appropriated for applicable programs for fiscal years 1974 shall remain available during the succeeding fiscal year and that such funds for fiscal year 1973 shall remain available during fiscal years 1974 and 1975.
Original source documents: Digest of the Congressional Record vol. 120-48, p. H2593;
Links for more info on the vote: congress.gov