Loan Manageability for Armed Forces in Higher Education Act - Amends the Higher Education Act of 1965 (HEA) to provide certain members of the Armed Forces with a deferment of all student loan repayments under HEA title IV during the period of service and for six months after (with principal payments suspended, and accruing interest paid by the Secretary of Education).
Requires any institution of higher education that participates in a title IV program to offer an option to reenroll when such service is completed to any student who is enrolled at the time such service begins.
Makes eligible, for such deferment and option, members of: (1) the Armed Forces serving in a combat operation or combat zone; or (2) a reserve component of the Armed Forces serving pursuant to a call or order to active duty for a period of more than 30 days.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.