II 118TH CONGRESS 1ST SESSION S. 1292 To amend the Higher Education Act of 1965 to increase the Federal student loan limits for students in flight education and training programs. IN THE SENATE OF THE UNITED STATES APRIL 26, 2023 Ms. BALDWIN (for herself and Mr. SULLIVAN) introduced the following bill; which was read twice and referred to the Committee on Health, Edu- cation, Labor, and Pensions A BILL To amend the Higher Education Act of 1965 to increase the Federal student loan limits for students in flight education and training programs. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Flight Education Ac- 4 cess Act’’. 5 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •S 1292 IS SEC. 2. INCREASE IN FEDERAL STUDENT LOAN LIMITS FOR 1 STUDENTS IN FLIGHT EDUCATION AND 2 TRAINING PROGRAMS. 3 Section 455 of the Higher Education Act of 1965 (20 4 U.S.C. 1087e) is amended— 5 (1) in subsection (p)— 6 (A) by striking ‘‘Each institution’’ and in- 7 serting the following: 8 ‘‘(1) IN GENERAL.—Each institution’’; 9 (B) in paragraph (1) (as designated by 10 subparagraph (A)), by inserting before the pe- 11 riod at the end the following: ‘‘and, shall, with 12 respect to Federal Direct Stafford Loans and 13 Federal Direct Unsubsidized Stafford Loans 14 made after the date of enactment of the Flight 15 Education Access Act to an eligible student (as 16 defined in subsection (r)), comply with the re- 17 quirements of paragraph (2)’’; and 18 (C) by adding at the end the following: 19 ‘‘(2) ADDITIONAL DISCLOSURES.—At or prior 20 to the disbursement of a Federal Direct Stafford 21 Loan or Federal Direct Unsubsidized Stafford Loan 22 after the date of enactment of the Flight Education 23 Access Act to an eligible student (as defined in sub- 24 section (r)), the following shall be disclosed: 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 3 •S 1292 IS ‘‘(A) The principal amount of the loan, the 1 stated interest rate on the loan, the number of 2 required monthly payments to be made on the 3 loan (which shall be based on a standard repay- 4 ment plan), and the estimated number of 5 months before the start of the repayment period 6 for the loan (based on the expected date on 7 which the repayment period is to begin or the 8 deferment period is to end, as applicable). 9 ‘‘(B) The estimated balance to be owed by 10 the borrower on such loan (including, if applica- 11 ble, the estimated amount of interest to be cap- 12 italized) as of the scheduled date on which the 13 repayment period is to begin or the deferment 14 period is to end, as applicable, and an estimate 15 of the projected monthly payment. 16 ‘‘(C) An estimate of the aggregate amount 17 the borrower will pay for the loan, including the 18 total amount of monthly payments made over 19 the life of the loan plus the amount of any 20 charges for the loan, such as an origination 21 fee.’’; and 22 (2) by adding at the end the following: 23 ‘‘(r) INCREASE IN LOAN LIMITS FOR STUDENTS IN 24 FLIGHT EDUCATION AND TRAINING PROGRAMS.— 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 4 •S 1292 IS ‘‘(1) IN GENERAL.—Notwithstanding any other 1 provision of this Act, the loan limits for Federal Di- 2 rect Stafford Loans and Federal Direct Unsub- 3 sidized Stafford Loans made after the date of enact- 4 ment of the Flight Education Access Act with re- 5 spect to eligible students shall be subject to this sub- 6 section. 7 ‘‘(2) DEFINITIONS.—In this section: 8 ‘‘(A) ELIGIBLE STUDENT.—The term ‘eli- 9 gible student’ means a student who is enrolled 10 in an eligible undergraduate flight education 11 and training program. 12 ‘‘(B) ELIGIBLE UNDERGRADUATE FLIGHT 13 EDUCATION AND TRAINING PROGRAM.—The 14 term ‘eligible undergraduate flight education 15 and training program’ means an undergraduate 16 flight education and training program that of- 17 fers training for applicants seeking a commer- 18 cial pilot certificate and— 19 ‘‘(i) during the period beginning on 20 the date of enactment of the Flight Edu- 21 cation Access Act and ending on the date 22 on which 3 years of data has been collected 23 pursuant to paragraph (3)(D), that meets 24 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 5 •S 1292 IS all the applicable requirements of this Act; 1 and 2 ‘‘(ii) beginning on the date on which 3 3 years of data has been collected pursuant 4 to paragraph (3)(D), that meets all the ap- 5 plicable requirements of this Act and has 6 a completion rate averaged over a 3-year 7 period, as calculated under paragraph 8 (3)(D) that is equal to or greater than 70 9 percent. 10 ‘‘(C) UNDERGRADUATE FLIGHT EDU- 11 CATION AND TRAINING PROGRAM.—The term 12 ‘undergraduate flight education and training 13 program’— 14 ‘‘(i) has the meaning given the term 15 by the Secretary, in consultation with the 16 Administrator of the Federal Aviation Ad- 17 ministration; 18 ‘‘(ii) shall include a flight education 19 and training program offered by an eligible 20 institution that is accredited by an accred- 21 iting agency recognized by the Secretary, 22 that— 23 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 6 •S 1292 IS ‘‘(I) awards undergraduate cer- 1 tificates or associate or bachelor de- 2 grees; and 3 ‘‘(II) provides pilot training in 4 accordance with part 141 of title 14, 5 Code of Federal Regulations, or any 6 successor regulation; and 7 ‘‘(iii) shall not include a flight edu- 8 cation and training program certified 9 under part 61 of title 14, Code of Federal 10 Regulations, or any successor regulation. 11 ‘‘(3) LOAN LIMITS FOR ELIGIBLE UNDER- 12 GRADUATE FLIGHT EDUCATION AND TRAINING PRO- 13 GRAMS.— 14 ‘‘(A) LIMITS FOR ELIGIBLE STUDENTS 15 WHO ARE DEPENDENT STUDENTS.— 16 ‘‘(i) ANNUAL LIMITS.—The maximum 17 annual amount of Federal Direct Unsub- 18 sidized Stafford Loans an eligible student 19 who is a dependent student may borrow in 20 any academic year (as defined in section 21 481(a)(2)) or its equivalent shall be— 22 ‘‘(I) in the case of an eligible stu- 23 dent at an eligible institution who has 24 not successfully completed the first 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 7 •S 1292 IS year of an eligible undergraduate 1 flight education and training pro- 2 gram— 3 ‘‘(aa) $20,500, if such stu- 4 dent is enrolled in such a pro- 5 gram whose length is at least one 6 academic year in length; or 7 ‘‘(bb) if such student is en- 8 rolled in such a program that is 9 less than one academic year, the 10 maximum annual loan amount 11 that such student may receive 12 may not exceed the amount that 13 bears the same ratio to the 14 amount specified in item (aa) as 15 the length of such program meas- 16 ured in semester, trimester, quar- 17 ter, or clock hours bears to one 18 academic year; 19 ‘‘(II) in the case of an eligible 20 student at an eligible institution who 21 has successfully completed the first 22 year of an eligible undergraduate 23 flight education and training program 24 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 8 •S 1292 IS but has not yet successfully completed 1 the remainder of such program— 2 ‘‘(aa) $31,500; or 3 ‘‘(bb) if such student is en- 4 rolled in such a program that is 5 less than one academic year, the 6 maximum annual loan amount 7 that such student may receive 8 may not exceed the amount that 9 bears the same ratio to the 10 amount specified in item (aa) as 11 the length of such program meas- 12 ured in semester, trimester, quar- 13 ter, or clock hours bears to one 14 academic year; 15 ‘‘(III) in the case of a student at 16 an eligible institution who has suc- 17 cessfully completed the first year and 18 second years of an eligible under- 19 graduate flight education and training 20 program but has not yet successfully 21 completed the remainder of such pro- 22 gram— 23 ‘‘(aa) $32,500; or 24 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 9 •S 1292 IS ‘‘(bb) if such student is en- 1 rolled in such a program that is 2 less than one academic year, the 3 maximum annual loan amount 4 that such student may receive 5 may not exceed the amount that 6 bears the same ratio to the 7 amount specified in item (aa) as 8 the length of such program meas- 9 ured in semester, trimester, quar- 10 ter, or clock hours bears to one 11 academic year; and 12 ‘‘(IV) in the case of a student at 13 an eligible institution who has suc- 14 cessfully completed the first, second, 15 and third years of an eligible under- 16 graduate flight education and training 17 program but has not yet successfully 18 completed the remainder of such pro- 19 gram— 20 ‘‘(aa) $22,500; or 21 ‘‘(bb) if such student is en- 22 rolled in such a program that is 23 less than one academic year, the 24 maximum annual loan amount 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 10 •S 1292 IS that such student may receive 1 may not exceed the amount that 2 bears the same ratio to the 3 amount specified in item (aa) as 4 the length of such program meas- 5 ured in semester, trimester, quar- 6 ter, or clock hours bears to one 7 academic year. 8 ‘‘(ii) AGGREGATE LIMITS.—The max- 9 imum aggregate amount of Federal Direct 10 Unsubsidized Stafford Loans an eligible 11 student who is a dependent student may 12 borrow shall be $111,000. 13 ‘‘(B) LIMITS FOR ELIGIBLE STUDENTS 14 WHO ARE INDEPENDENT STUDENTS.— 15 ‘‘(i) ANNUAL LIMITS.—The maximum 16 annual amount of Federal Direct Unsub- 17 sidized Stafford Loans an eligible student 18 who is an independent student may borrow 19 in any academic year (as defined in section 20 481(a)(2)) or its equivalent shall be— 21 ‘‘(I) in the case of an eligible stu- 22 dent at an eligible institution who has 23 not successfully completed the first 24 year of an eligible undergraduate 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 11 •S 1292 IS flight education and training pro- 1 gram— 2 ‘‘(aa) $24,500, if such stu- 3 dent is enrolled in such a pro- 4 gram whose length is at least one 5 academic year in length; or 6 ‘‘(bb) if such student is en- 7 rolled in such a program that is 8 less than one academic year, the 9 maximum annual loan amount 10 that such student may receive 11 may not exceed the amount that 12 bears the same ratio to the 13 amount specified in item (aa) as 14 the length of such program meas- 15 ured in semester, trimester, quar- 16 ter, or clock hours bears to one 17 academic year; 18 ‘‘(II) in the case of an eligible 19 student at an eligible institution who 20 has successfully completed the first 21 year of an eligible undergraduate 22 flight education and training program 23 but has not yet successfully completed 24 the remainder of such program— 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 12 •S 1292 IS ‘‘(aa) $35,500; or 1 ‘‘(bb) if such student is en- 2 rolled in such a program that is 3 less than one academic year, the 4 maximum annual loan amount 5 that such student may receive 6 may not exceed the amount that 7 bears the same ratio to the 8 amount specified in item (aa) as 9 the length of such program meas- 10 ured in semester, trimester, quar- 11 ter, or clock hours bears to one 12 academic year; 13 ‘‘(III) in the case of a student at 14 an eligible institution who has suc- 15 cessfully completed the first year and 16 second years of an eligible under- 17 graduate flight education and training 18 program but has not yet successfully 19 completed the remainder of such pro- 20 gram— 21 ‘‘(aa) $37,500; or 22 ‘‘(bb) if such student is en- 23 rolled in such a program that is 24 less than one academic year, the 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 13 •S 1292 IS maximum annual loan amount 1 that such student may receive 2 may not exceed the amount that 3 bears the same ratio to the 4 amount specified in item (aa) as 5 the length of such program meas- 6 ured in semester, trimester, quar- 7 ter, or clock hours bears to one 8 academic year; and 9 ‘‘(IV) in the case of a student at 10 an eligible institution who has suc- 11 cessfully completed the first, second, 12 and third years of an eligible under- 13 graduate flight education and training 14 program but has not yet successfully 15 completed the remainder of such pro- 16 gram— 17 ‘‘(aa) $27,500; or 18 ‘‘(bb) if such student is en- 19 rolled in such a program that is 20 less than one academic year, the 21 maximum annual loan amount 22 that such student may receive 23 may not exceed the amount that 24 bears the same ratio to the 25 VerDate Sep 11 2014 23:37 Apr 28, 2023 Jkt 039200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\S1292.IS S1292 pbinns on DSKJLVW7X2PROD with $$_JOB 14 •S 1292 IS amount specified in item (aa) as 1 the length of such program meas- 2 ured in semester, trimester, quar- 3 ter, or clock hours bears to one 4 academic year. 5 ‘‘(ii) AGGREGATE LIMITS.—The max- 6 imum aggregate amount of Federal Direct 7 Unsubsidized Stafford Loans an eligible 8 student who is an independent student 9 may borrow shall be $137,500. 10 ‘‘(C) LIMITS FOR ELIGIBLE STUDENTS RE- 11 CEIVING FEDERAL DIRECT STAFFORD LOANS.— 12 ‘‘(i) ANNUAL LIMITS.—The maximum 13 annual amount of Federal Direct Stafford 14 Loans an eligible student may borrow in 15 any academic year (as defined in section 16 481(a)(2)) or its equivalent shall, subject 17 to subsection (q)(1), be— 18 ‘‘(I) in the case of an eligible stu- 19 dent at an eligible institution who has 20 not successfully completed the first 21 year of an eligible undergraduate [Text truncated for display. 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