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 postsecondary 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.