National and Community Service Incentive Act of 1991

Summary

National and Community Service Incentive Act of 1991 - Amends the Higher Education Act of 1965 to provide for partial cancellation or repayment of certain student loans for borrowers who perform a year or more of specified types of full-time, low-paid voluntary community service. Revises the direct (Perkins) student loan program to provide for partial loan cancellation for full-time volunteer service (comparable to Peace Corps or VISTA service) with a tax-exempt organization. (Current law provides for partial cancellation for service in the Peace Corps or VISTA.) Revises the guaranteed (Stafford) student loan program to provide for partial loan repayment for service in the Peace Corps or VISTA or for comparable full-time service as a volunteer with a tax-exempt organization. Sets certain maximum compensation limitations as a requirement for specified deferments of Stafford and Perkins loans.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 February 1991

  Open at official source

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