College Honors Program Act of 1991

Summary

College Honors Program Act of 1991 - Directs the Secretary of Education to allot funds under this Act among institutions of higher education to establish revolving loan funds. Makes an institution ineligible for such an allotment if: (1) its student default rate for loans under this Act is 20 percent or more; or (2) it is ineligible for participation in the Robert T. Stafford Student Loan Program. Allows such education loans to be made for up to four years, at up to $4,000 per year for any student, or at up to $5,000 per year for a student who: (1) has an academic concentration in science or mathematics and agrees to teach such subjects upon graduation; or (2) agrees to teach on an Indian reservation upon graduation. Sets forth student eligibility requirements for such assistance, including maintaining a certain grade level in high school and college, not defaulting on any student loan, and agreeing to pursue a teaching career in a public school. Sets forth loan terms, including cancellation of a portion of principal and interest for each year of full-time employment as a public school teacher. Directs the Secretary to reimburse institutions for the amounts cancelled under such loan program. Sets forth institutional responsibilities. Authorizes appropriations.

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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 · 5 March 1991

  Open at official source

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