Amendment establishes a program to offer student loan forgiveness to individuals who earn a degree in early child education and work in a licensed child care facility, including a home-based child care center.

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Amendment Number
578
Description
Amendment establishes a program to offer student loan forgiveness to individuals who earn a degree in early child education and work in a licensed child care facility, including a home-based child care center.
Purpose
An amendment, printed as amendment No. 7 in the Congressional Record of April 27, 1998, to direct the Department of Education to forgive a percentage (20 percent after the second and third years of employment and 30 percent after the fourth and fifth years) of the total amount and interest of the Stafford and Direct Student Loans for each year a graduate with a degree in early childhood education works in a licensed child care facility.
Congress
105
Type
HAMDT
Latest Action Date
Apr 29, 1998
Latest Action Text
On agreeing to the Lazio amendment (A012) Agreed to by voice vote.
Latest Action Time
22:27:30
Submitted Date
Apr 29, 1998
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 578 — Informed