Sec. 2. In general
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Subpart 2 of part L of title I of the Omnibus Crime Control and Safe Streets Act of 1968 ( 34 U.S.C. 10302(a) ) is amended— in section 1212(a)— in paragraph (2), by inserting after paragraph
(3)the following: and paragraph
(4); and by adding at the end the following: In the case of any dependent of an eligible public safety officer who is deceased, the financial assistance provided under this subpart shall include an amount of not less than $25,000 which shall be made available under section 1219 not later than 180 days after that officer’s death. Such amount shall not be included for purposes of any computation referred to in paragraph (2). ; and by adding at the end the following: Notwithstanding any other provision of law, and in addition to any other benefit available under this part, the Secretary of Education shall carry out a program in accordance with this Act to forgive up to a total of $25,000 of the outstanding balance of interest and principal due on the applicable eligible Federal student loans of borrowers who are children or spouses of eligible public safety officers. Subject to subsection (c), in carrying out the loan forgiveness program required under subsection (a), as soon as practicable after the Secretary of Education has confirmed that an applicant is a child or spouse of an eligible public safety officer who is a borrower of an eligible Federal student loan, the Secretary of Education shall— through the holder of a loan, assume the obligation to repay the outstanding balance of interest and principal due (and any other amounts due, including any other costs or fees assessed) on the applicable eligible Federal student loans of the borrower made, insured, or guaranteed under part B of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq. ), or, if the holder of the loan is the Secretary, cancel such outstanding balance; cancel the outstanding balance of interest and principal due (and any other amounts due, including any other costs or fees assessed) on the applicable eligible Federal student loans of the borrower made under part E of such title; and through the holder of a loan, assume the obligation to repay the outstanding balance of interest and principal due (and any other amounts due, including any other costs or fees assessed) on the applicable eligible Federal student loans of the borrower made, insured, or guaranteed under part D of such title, or, if the holder of the loan is the Secretary, cancel such outstanding balance. The total amount of forgiveness received by a borrower under this section may not exceed $25,000 with respect to all eligible Federal student loans of the borrower. Nothing in this section shall be construed to authorize any refunding of any eligible Federal student loan repayment made before the date a borrower’s loans are forgiven in accordance with this section. The amount of a borrower’s eligible Federal student loans forgiven under this section shall not be included in the gross income of the borrower for purposes of the Internal Revenue Code of 1986. In this section— the term eligible Federal student loan means any loan made, insured, or guaranteed under part B, part D, or part E of title IV of the Higher Education Act of 1965, including a consolidation loan under such title; and the term eligible public safety officer means a public safety officer, as defined in section 1204 of title I of the Omnibus Crime Control and Safe Streets Act of 1968 ( 42 U.S.C. 3796b ), who is determined to have died or become permanently and totally disabled as the direct and proximate result of a personal injury sustained in the line of duty, subject to the limitations on such a determination made under subpart 1. .
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