Amendment101st Congress
Amendment sought to delete language which provided for the cancellation of certain Federal student loans of students who served as full-time volunteers. Loans could be cancelled at a rate of 15 percent in the first or second year of service and 20 percent in the third or fourth years.
- Amendment Number
- 717
- Description
- Amendment sought to delete language which provided for the cancellation of certain Federal student loans of students who served as full-time volunteers. Loans could be cancelled at a rate of 15 percent in the first or second year of service and 20 percent in the third or fourth years.
- Purpose
- An amendment which would delete the provisions of the bill which would forgive a portion of the student loan obligation for students who serve as full-time volunteers for tax-exempt service organizations. Such indebtedness would be reduced by 15% for the first two years of service, and by 20% for the third and fourth years of service. Under the bill, full-time professionals employed by a public or nonprofit agency engaged in drug prevention/rehabilitation programs would be eligible for the same loan reductions.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Sep 13, 1990
- Latest Action Text
- On agreeing to the Goodling amendment (A001) Failed by recorded vote: 200 - 212 (Roll no. 330).
- Latest Action Time
- 14:43:52
- Submitted Date
- Sep 13, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021