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(b) EXPIRATION DATE.—Effective July 1, 1995, the Alternative Routes to Teacher and Principal Certification and Licensure Act of 1992 (as contained in subpart 2 of part D of title V of this Act) is repealed.
TITLE XV-RELATED PROGRAMS AND
AMENDMENTS TO OTHER LAWS1
PART E-OLYMPIC SCHOLARSHIPS
SEC. 1543. [20 U.S.C. 1070 note) OLYMPIC SCHOLARSHIPS. (a) SCHOLARSHIPS AUTHORIZED.
(1) IN GENERAL.—The Secretary of Education is authorized to provide financial assistance to the United States Olympic Education Center or the United States Olympic Training Center to enable such centers to provide financial assistance to athletes who are training at such centers and are pursuing postsecondary education at institutions of higher education (as such term is defined in section 481(a) of the Higher Education Act of 1965).
(2) AWARD DETERMINATION.—The amount of financial assistance provided to athletes described in paragraph (1) shall be determined in accordance with such athlete's financial need as determined in accordance with part F of title IV of the Higher Education Act of 1965.
(b) ELIGIBILITY.—The Secretary of Education shall ensure that financial assistance provided under this part is available to both full-time and part-time students who are athletes at centers described in subsection (a).
(c) APPLICATION.—Each center desiring financial assistance under this section shall submit an application to the Secretary of Education at such time, in such manner and accompanied by such information as the Secretary may reasonably require.
(d) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated $5,000,000 for fiscal year 1999 and such sums as may be necessary for each of the 4 succeeding fiscal years to carry out this section.
1 Title XIV and parts through D of title XV were repealed by paragraphs (2) and (3) of section 6(b) of Public Law 105–332.
[Part F (including section 1544) was repealed by section
568(e)(2) of P.L. 103-382, 108 Stat. 4061.)
PART G-ADVANCED PLACEMENT FEE
SEC. 1545. (20 U.S.C. 1070a-11 note) ADVANCED PLACEMENT FEE PAY.
MENT PROGRAM. (a) PROGRAM ESTABLISHED.-The Secretary of Education is authorized to make grants to States to enable the States to reimburse individuals to cover part or all of the cost of advance placement test fees, to low-income individuals who
(1) are enrolled in an advanced placement class; and
(2) plan to take an advanced placement test. (b) INFORMATION DISSEMINATION.--The State educational agency shall disseminate information on the availability of test fee payments under this section to eligible individuals through secondary school teachers and guidance counselors.
(c) REQUIREMENTS FOR APPROVAL OF APPLICATIONS.—In approving applications for grants the Secretary of Education shall
(1) require that each such application contain a description of the advance placement test fees the State will pay on behalf of individual students;
(2) require an assurance that any funds received under this section shall only be used to pay advanced placement test fees; and
(3) contain such information as the Secretary may require to demonstrate that the State will ensure that the student is eligible for payments under this section, including the documentation required by chapter 1 of subpart 2 of part A of title IV of the Higher Education Act of 1965.
(d) SUPPLEMENTATION OF FUNDING.–Funds provided under this section shall be used to supplement and not supplant other Federal, State, and local or private funds available to assist lowincome individuals in paying for advanced placement testing.
(e) REGULATIONS.—The Secretary of Education shall prescribe such regulations as are necessary to carry out this section.
(f) AUTHORIZATION OF APPROPRIATIONS. There are authorized to be appropriated $3,600,000 for fiscal year 1993 and such sums as may be necessary for each of the 4 succeeding fiscal years to carry out the provisions of this section. (g) DEFINITION.—As used in this section:
(1) ADVANCED PLACEMENT TEST.-The term "advanced placement test” includes only an advanced placement test approved by the Secretary of Education for the purposes of this section.
(2) LOW-INCOME INDIVIDUAL.—The term “low-income individual” has the meaning given the term in section 402A(g)(2) of the Higher Education Act of 1965.
PART H—AMENDMENTS TO OTHER LAWS
[Text as amended printed elsewhere in this and other volumes of this compilation.)
PART 1-BUY AMERICA
SEC. 1561. SENSE OF CONGRESS.
It is the sense of the Congress that a recipient (including a nation, individual, group, or organization) of any form of student assistance or other Federal assistance under the Act should, in expanding that assistance, purchase American-made equipment and products.
Title VIII of the Higher Education Amendments of 1998
TITLE VIII—STUDIES, REPORTS, AND
SEC. 801. [20 U.S.C. 1018 note) STUDY OF MARKET MECHANISMS IN
FEDERAL STUDENT LOAN PROGRAMS. (a) STUDY REQUIRED.—The Comptroller General and the Secretary of Education shall convene a study group including the Secretary of the Treasury, the Director of the Office of Management and Budget, the Director of the Congressional Budget Office, representatives of entities making loans under part B of title IV of the Higher Education Act of 1965, representatives of other entities in the financial services community, representatives of other participants in the student loan programs, and such other individuals as the Comptroller General and the Secretary may designate. The Comptroller General and Secretary, in consultation with the study group, shall design and conduct a study to identify and evaluate means of establishing a market mechanism for the delivery of loans made pursuant to such title IV.
(b) DESIGN OF STUDY. The study required under this section shall identify not fewer than 3 different market mechanisms for use in determining lender return on student loans while continuing to meet the other objectives of the programs under parts B and Ď of such title IV, including the provision of loans to all eligible students. Consideration may be given to the use of auctions and to the feasibility of incorporating income-contingent repayment options into the student loan system and requiring borrowers to repay through income tax withholding.
(c) EVALUATION OF MARKET MECHANISMS.—The mechanisms identified under subsection (b) shall be evaluated in terms of the following areas:
(1) The cost or savings of loans to or for borrowers, including parent borrowers.
(2) The cost or savings of the mechanism to the Federal Government.
(3) The cost, effect, and distribution of Federal subsidies to or for participants in the program.
(4) The ability of the mechanism to accommodate the potential distribution of subsidies to students through an incomecontingent repayment option.