To amend the Higher Education Act of 1965 to direct the Secretary of Education to carry out a program under which an institution of higher education may elect to cosign Federal student loans made to students attending the institution, and for other purposes.
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Summary
Based on the bill's title, this legislation would amend the Higher Education Act of 1965 to establish a voluntary program allowing institutions of higher education to cosign federal student loans on behalf of their students. The bill would give colleges and universities the option to participate in this cosigning arrangement, though the specific terms, conditions, and implications of institutional cosigning are not detailed in the title alone.
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