H.R. 4495 · 114th Congress
Education for Jobs Act
- Stage
- In committee
- Sponsor
- Michelle Lujan Grisham
- Introduced
- 2016-02-08
- Latest action
- 2016-03-23 · Referred to the Subcommittee on Higher Education and Workforce Training.
Summary
Education for Jobs Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make an individual eligible to apply for a loan under the William D. Ford Federal Direct Loan program if that individual: (1) is carrying at least three credit hours or the equivalent coursework for the course of study the individual is pursuing, (2) is enrolled in an educational program leading to a degree or certificate, and (3) was employed on a full-time basis for at least 10 years.
It makes those students eligible for interest subsidies. It requires the repayment period for such a loan to begin the day after six months after the student ceases to meet the loan eligibility requirements.