A bill to amend section 428 of the Higher Education Act of 1965 to better assure that students will have reasonable access to loans to meet their post-secondary education costs.

Provides that in the determination of eligibility for student loans under the Higher Education Act of 1965, a student whose adjusted family income is equal to or more than $15,000 at the execution of the loan shall be assessed the interest on such a loan in installments beginning not earlier than nine months nor later than one year after the date on which the student ceases to carry a specified academic workload.