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Code · BILL · 116th Congress · H.R. 8309 (Introduced in House) — To authorize certain authorities of the Department of Homeland Security, and for other purposes. · Sec. 312

Sec. 312. Loan repayment program

349 words·~2 min read·/bill/116/hr/8309/ih/section-312

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The Secretary of Homeland Security shall enter into an agreement with each individual in a cybersecurity position identified by a Federal agency pursuant to section 303 of the Federal Cybersecurity Workforce Assessment Act of 2015, under which— the individual agrees serve in such a position for not less than a 5-year period; and for each year of such service, the Secretary shall repay an amount of principal and interest, as specified in the agreement, that the individual owes on qualifying educational loans.
The term qualifying educational loan means a loan made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a ) or private education loan (as defined in section 140 of the Truth in Lending Act) received by an individual for the cost of attendance (as defined in section 472 of the Higher Education Act of 1965 ( 20 U.S.C. 1087ll )) at an institution designated by the Department as a Center for Academic Excellence in Cybersecurity. Subject to paragraph (1), an agreement under subsection
(a)shall provide for remedies in a case in which an individual does not comply with the service requirement under subsection (a)(1), including repayment or partial repayment of the loan repayment amount received under subsection (a), with interest. The Secretary of Homeland Security waive a remedy provided for under paragraph
(1)in the case of extreme hardship or extreme need, as determined by the Secretary. The Secretary of Homeland Security may carry out this section directly or enter into an agreement with another Federal agency or other service provider to assist in the administration of this section. The Secretary of Homeland Security may enter into an agreement with the holder of any loan for which the Secretary makes payments under this section to establish a schedule for the making of such payments. Not later than 270 days after the date of enactment of this subsection, the Secretary of Homeland Security shall promulgate regulations to carry out this section, including regulations to determine the aggregate amount of loan repayment that an individual may receive under subsection (a).
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Sec. 312
Loan repayment program
U.S.C.§ 1087a
U.S.C.§ 1087ll
Cites 2Cited by 0 across 0 sources
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