Summary:
Adult Education and Economic Growth Act - Amends the Workforce Investment Act of 1988 to revise requirements for statewide and local workforce investment systems to include adult education activities.

Replaces statewide and local workforce investment systems with adult education and workforce investment systems.

Revises member composition of: (1) state workforce investment boards to include the lead state agency officials with particular responsibility for implementing adult education and literacy activities; and (2) youth councils established by local workforce investment boards to include representatives of adult education.

Revises requirements for five-year state and local worker investment plans.

Authorizes the use of funds for: (1) statewide and local youth activities to provide opportunities for multiple career pathways for eligible youth, and (2) training services for local adult and dislocated workers to include integrated education and training and career pathway services.

Requires the Secretary of Labor to carry out specified employment and training demonstration and pilot projects.

Amends the Adult Education and Family Literacy Act (AEFLA) to include among adult education and literacy services programs activities to assist adults with limited English proficiency to improve their English and mathematical skills, acquire an understanding of the American system of government and responsibilities of citizenship, and, where necessary, obtain knowledge and skills to transition to postsecondary education, job training, and employment in family-sustaining jobs.

Revises requirements for the allocation and reservation of AEFLA funds.

Revises state distribution requirements with respect to grants and contracts to eligible providers of activities for adult education and literacy and corrections education of institutionalized individuals.

Expands an eligible agency's use of funds for corrections education and education for other institutionalized individuals to include academic programs for: (1) integrated education and training and sequential education and training programs, (2) career pathways, (3) dual enrollment, and (4) preparation for postsecondary education and training.

Replaces the National Institute for Literacy with the National Center for Adult Education, Literacy, and Workplace Skills (Center).

Requires national leadership activities to include activities to improve workplace skills programs nationwide.

Requires the Secretary of Education to allocate grants to states for integrated English literacy and civics education programs.

Requires the Secretary of Education to award grants to assist states in developing a 21st century delivery system for adult education, literacy, and workplace skills services as well as adults in developing digital literacy skills.

Requires the Center to establish the National Adult Learning and Technology Resource Clearinghouse.

Requires the Secretary of Education to direct the Commissioner for Education Research of the National Center for Education Research to establish a national research and development center for adult education, literacy, and workplace skills.

Amends the Internal Revenue Code to allow an employer educational assistance program credit for 50% of the qualified educational assistance expenses (up to $5,250) paid per taxable year on behalf of an employee.

adult_education economic growth act amends workforce investment act revise requirements statewide local workforce investment systems include adult education activities replaces statewide local workforce investment systems adult education workforce investment systems revises member composition state workforce investment boards include lead state agency officials particular responsibility implementing adult education literacy activities youth councils established local workforce investment boards include representatives adult education revises requirements year state local worker investment plans authorizes use funds statewide local youth activities provide opportunities multiple career pathways eligible youth training services local adult dislocated workers include integrated education training career pathway services requires secretary labor carry specified employment training demonstration pilot projects amends adult_education family literacy act aefla include adult education literacy services programs activities assist adults limited english proficiency improve english mathematical skills acquire understanding american system government responsibilities citizenship necessary obtain knowledge skills transition postsecondary education job training employment family sustaining jobs revises requirements allocation reservation aefla funds revises state distribution requirements respect grants contracts eligible providers activities adult education literacy corrections education institutionalized individuals expands eligible agency use funds corrections education education institutionalized individuals include academic programs integrated education training sequential education training programs career pathways dual enrollment preparation postsecondary education training replaces national_institute_for_literacy literacy center requires national leadership activities include activities improve workplace skills programs nationwide requires secretary education allocate grants states integrated english literacy civics education programs requires secretary education award grants assist states developing 21st century delivery system adult education literacy workplace skills services adults developing digital literacy skills requires center establish requires secretary education direct commissioner education research national_center_for_education_research establish national research development center adult education literacy workplace skills amends internal revenue code allow employer educational assistance program credit qualified educational assistance expenses paid taxable year behalf employee


Summary: Amends title IV (Student Assistance) of the Higher Education Act of 1965 to include foreign income that is excluded for the purposes of federal income taxes in the determination of a student's need for assistance under title IV.

amends title student assistance higher education act include foreign income excluded purposes federal income taxes determination student need assistance title


Summary: Directs the Secretary of Education to study and report on the feasibility and advantages and disadvantages of using individual income tax returns as the primary form of application for student aid under the Higher Education Act of 1965.

directs secretary education study report feasibility advantages disadvantages individual income tax returns primary form application student aid higher education act


Summary: Veteran Tax Parity Act - Amends the Internal Revenue Code to exclude from gross income imputed income from the discharge of student loan indebtedness of a veteran with a service-connected total disability that is determined to be permanent in nature.

veteran tax parity act amends internal revenue code exclude gross income imputed income discharge student loan indebtedness veteran service connected total disability determined permanent nature


Summary:
Student Loan Borrowers' Bill of Rights Act of 2013 - Removes educational loans from the list of debts that are non-dischargeable in bankruptcy.

Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to reinstate the six-year statute of limitations on the recovery by:

 institutions of higher education (IHEs) of refund amounts owed by students on grants made, or work assistance awarded, under title IV; guaranty agencies of amounts owed on loans made under the Federal Family Education Loan (FFEL) program; IHEs that have program participation agreements with the Secretary of Education of amounts owed under the William D. Ford Federal Direct Loan program or Federal Perkins Loans program; and the federal government of amounts owed by students on grants made under title IV or amounts owed by borrowers on loans made under title IV that have been assigned to the Secretary. Prohibits the collection of amounts individuals owe the Department of Education under title IV of the HEA through: (1) offsets of social security, railroad retirement, or black lung benefits; (2) offsets of tax refunds; or (3) wage garnishment.

Amends the Internal Revenue Code to exclude discharged student loan debt from an individual's gross income.

Excludes from gross income distributions from qualified tuition plans that are use to pay the interest or principal on student loans.

Amends the HEA to make borrowers of PLUS loans made on behalf of dependent students under:

 the Direct Loan program eligible for income-contingent repayment plans, including plans based on the President's Pay As You Earn repayment initiative; the Direct Loan or FFEL programs eligible for income-based repayment plans that enable borrowers who have a partial financial hardship to make lower monthly payments; and the Direct Loan or FFEL programs eligible for loan forgiveness for service in areas of national need. Specifies the regulation to be used in determining whether individuals have an adverse credit history that disqualifies them from borrowing a Direct Plus loan (provided to graduate or professional students or the parents of dependent students).

Prohibits evidence of an individual's default on a loan made, insured, or guaranteed under title IV of the HEA from being used in a federal or state proceeding involving the individual's professional or vocational license.

Prohibits an IHE from blocking students' access to their student records at the IHE due to such students being in default on such loans.

Directs the Secretary to cancel 50% of the balance of the interest and principal due on Direct loans that are not in default for borrowers who are employed in a public service job and make 60 monthly payments on such loans after October 1, 2013.

bill rights act removes educational loans list debts non dischargeable bankruptcy amends title student assistance higher education act hea reinstate year statute limitations recovery institutions higher education ihes refund amounts owed students grants work assistance awarded title guaranty agencies amounts owed loans federal_family_education_loan ffel program ihes program participation agreements secretary education amounts owed federal_direct_loan program federal_perkins_loans program federal government amounts owed students grants title amounts owed borrowers loans title assigned secretary prohibits collection amounts individuals owe department_of_education title hea offsets social security railroad retirement black lung benefits offsets tax refunds wage garnishment amends internal revenue code exclude discharged student loan debt individual gross income excludes gross income distributions qualified tuition plans use pay interest principal student loans amends hea borrowers plus loans behalf dependent students direct_loan program eligible income contingent repayment plans including plans based president pay earn repayment initiative direct loan ffel programs eligible income based repayment plans enable borrowers partial financial hardship lower monthly payments direct_loan ffel programs eligible loan forgiveness service areas national need specifies regulation determining individuals adverse credit history disqualifies borrowing direct plus loan provided graduate professional students parents dependent students prohibits evidence individual default loan insured guaranteed title hea federal state proceeding involving individual professional vocational license prohibits ihe blocking students access student records ihe students default loans directs secretary cancel balance interest principal direct loans default borrowers employed public service job monthly payments loans october


Summary: Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make any student who is convicted of a criminal hazing offense ineligible for any grant, loan, or work assistance under title IV.

amends title student assistance higher education act student convicted criminal hazing offense ineligible grant loan work assistance title


Summary:
Foreign Medical School Accountability Fairness Act of 2014 - Amends the Higher Education Act of 1965 to eliminate the exemption of certain foreign medical schools from the prohibition on foreign medical schools participating in the William D. Ford Federal Direct Loan program, unless:

 at least 60% of those enrolled in, and at least 60% of the graduates of, the foreign medical school during the preceding year were not citizens, nationals, or permanent residents of the United States or were not in the United States with the intention of becoming citizens or permanent residents; and at least 75% of students or graduates of the medical school located outside the United States or Canada who took the examinations administered by the Educational Commission for Foreign Medical Graduates in the preceding year received a passing score. Preserves the Direct Loan eligibility of students who were enrolled at schools excepted from that prohibition on or before the date of this Act's enactment.

amends higher education act eliminate exemption certain foreign medical schools prohibition foreign medical schools participating federal_direct_loan program enrolled graduates foreign medical school preceding year citizens nationals permanent residents united_states united_states intention citizens permanent residents students graduates medical school located outside united_states canada took examinations administered educational_commission_for_foreign_medical_graduates preceding year received passing score preserves direct_loan eligibility students enrolled schools excepted prohibition date act enactment


Summary:
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to:

 include a space on the Free Application for Federal Student Aid (FAFSA) form to identify students who are or were in the foster care system and are seeking assistance under title IV, and notify students who identify themselves as such of their potential eligibility for financial aid under title IV and other federal programs.

amends title student assistance higher education act direct secretary education include space form identify students foster care system seeking assistance title notify students identify potential eligibility financial aid title federal programs


Summary:
Investing in States to Achieve Tuition Equality for Dreamers Act of 2014 or the IN STATE Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to allot grants to states to offer Dreamer students in-state tuition and expand their access to in-state financial aid.

Defines a "Dreamer student" as an individual who:

 was under age 16 upon entering this country, has provided a list of each secondary school the individual attended in this country, and has earned a high school diploma or certain similar credentials or is scheduled to complete the requirements for such a credential before the next academic year begins, has acquired a degree from an institution of higher education or has successfully completed at least 2 years of a program for a bachelor's or higher degree in this country, or has served honorably in the uniformed services for at least 4 years. Directs the Secretary to provide for a hardship exception to either or both of the first two of such requirements.

Requires grant applicants to assure the Secretary that they: (1) have made significant progress in establishing a preschool through postsecondary education (P-16) longitudinal data system; and (2) will not discriminate against Dreamer students in awarding student aid or determining who is eligible for in-state tuition, if the student would otherwise be eligible for in-state financial aid as a state resident.

Allots grants to each state based on its proportion of resident Dreamer students who are enrolled at least half-time in postsecondary education.

Amends the Immigration and Nationality Act to direct the Secretary of Homeland Security (DHS) to collect a specified fee from recipients of F-1 visas, provided to nonimmigrant full-time students.

Eliminates the prohibition on states offering unlawful aliens postsecondary benefits on the basis of their residence in the state that are more generous than those offered citizens or naturals of this country, without regard to their state residence.

Allows individuals who have served honorably in the U.S. Armed Forces to be naturalized without having been lawfully admitted to this country for permanent residence.

investing states achieve tuition equality dreamers act state act amends title student assistance higher education act direct secretary education allot grants states offer dreamer students state tuition expand access state financial aid defines dreamer student individual age entering country provided list secondary school individual attended country earned high school diploma certain similar credentials scheduled complete requirements credential academic year begins acquired degree institution higher education successfully completed years program bachelor higher degree country served honorably uniformed services years directs secretary provide hardship exception requirements requires grant applicants assure secretary significant progress establishing preschool postsecondary education p-16 longitudinal data system discriminate dreamer students awarding student aid determining eligible state tuition student eligible state financial aid state resident allots grants state based proportion resident dreamer students enrolled half time postsecondary education amends immigration nationality act direct secretary homeland_security dhs collect specified fee recipients f-1 visas provided nonimmigrant time students eliminates prohibition states offering unlawful aliens postsecondary benefits basis residence state generous offered citizens naturals country regard state residence allows individuals served honorably naturalized having lawfully admitted country permanent residence


Summary:
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education to discharge a student borrower's loan under the Federal Family Education Loan program if the borrower: (1) has been determined by the Commissioner of Social Security to be under a disability without expectation of medical or functional improvement, and (2) provides the Secretary with documentation of that determination.

Considers such a borrower to be permanently and totally disabled.

Prohibits such a borrower from being required to present additional documentation regarding his or her disability.

amends title student assistance higher education act require secretary education discharge student borrower loan federal_family_education_loan program borrower determined commissioner_of_social_security disability expectation medical functional improvement provides secretary documentation determination considers borrower permanently totally disabled prohibits borrower required present additional documentation disability


Summary: Amends the Internal Revenue Code to extend through 2014 the tax deduction for qualified tuition and related expenses.

amends internal revenue code extend tax deduction qualified tuition related expenses


Summary:
Pay It Forward College Affordability Act of 2014 - Direct the Secretary of Education to conduct studies regarding the feasibility of, and options for, implementing the Pay It Forward model for funding postsecondary education.

Directs the Secretary, unless the studies determine that the funding model is not feasible or beneficial, to award competitive matching grants to states to establish and carry out Pay It Forward model state pilot programs.

Limits the number of states and students that may participate in the programs.

Describes the "Pay It Forward model" as a system in which the Secretary, a state, or an institution of higher education (IHE) replaces students' need to borrow under the William D. Ford Federal Direct Loan program by covering all or part of their cost of attending an IHE in exchange for their agreement to contribute a certain percentage (not to exceed 5%) of their annual income for a specified number of years (not to exceed 25 years) after graduating or ceasing to be enrolled at the IHE.

Requires that model to cover at least a student's cost of tuition and mandatory fees, but only to the extent they do not exceed the cost of tuition and mandatory fees at the most expensive public IHE in the state that is the same type of IHE the student attends.

Requires states to give program priority to IHEs that have a plan, or a history of making an effort, to reduce or hold constant students' cost of attendance.

Requires states to ensure that variations in the time that a student's tuition and mandatory fees are covered by the state are reflected in the length of the student's contribution period and the percentage of the student's annual income to be contributed.

Continues students' eligibility for grants, scholarships, or funds that do not have to be repaid and for student loans that are not Direct loans, but requires the deduction of those amounts from the tuition and mandatory fees that the state would otherwise cover under the Pay It Forward program.

Directs the Secretary to: (1) establish a technical advisory council to make recommendations to the Secretary regarding the implementation and evaluation of the Pay It Forward model, and (2) evaluate the model five years and ten years after its implementation.

Authorizes the Secretary to expand the Pay It Forward model if doing so: (1) will not increase the federal cost of carrying out federal loan programs under title IV (Student Assistance) of the Higher Education Act of 1965, (2) may be accomplished using amounts available for title IV programs, and (3) is in the best interests of students and the United States.

Establishes a Pay It Forward Fund in the Treasury into which Pay It Forward contributions are to be deposited.

Prohibits an IHE program designed to prepare students for a recognized occupation or profession requiring licensing or other entry pre-conditions from participating in a Pay It Forward program, unless it:

 fully prepares students to satisfy those entry pre-conditions in the state in which the program is operated and in any state in which the program claims a successful program graduate will be prepared to work in the particular occupation or profession involved; provides timely placement of students in required pre-licensure positions, such as internships or apprenticeships; and meets specialized state accreditation requirements or notifies students if the program has not yet been fully accredited.

pay forward college affordability act direct secretary education conduct studies feasibility options implementing pay forward model funding postsecondary education directs secretary studies determine funding model feasible beneficial award competitive matching grants states establish carry pay forward model state pilot programs limits number states students participate programs describes pay forward model system secretary state institution higher education ihe replaces students need borrow federal_direct_loan program covering cost attending ihe exchange agreement contribute certain percentage exceed annual income specified number years exceed years graduating ceasing enrolled ihe requires model cover student cost tuition mandatory fees extent exceed cost tuition mandatory fees expensive public ihe state type ihe student attends requires states program priority ihes plan history making effort reduce hold constant students cost attendance requires states ensure variations time student tuition mandatory fees covered state reflected length student contribution period percentage student annual income contributed continues students eligibility grants scholarships funds repaid student loans direct loans requires deduction amounts tuition mandatory fees state cover pay forward program directs secretary establish technical advisory council recommendations secretary implementation evaluation pay forward model evaluate model years years implementation authorizes secretary expand pay forward model increase federal cost carrying federal loan programs title student assistance higher education act accomplished amounts available title programs best interests students united_states establishes pay forward fund treasury pay forward contributions deposited prohibits ihe program designed prepare students recognized occupation profession requiring licensing entry pre conditions participating pay forward program fully prepares students satisfy entry pre conditions state program operated state program claims successful program graduate prepared work particular occupation profession involved provides timely placement students required pre licensure positions internships apprenticeships meets specialized state accreditation requirements notifies students program fully accredited


Summary:
Protect Academic Freedom Act - Amends the Higher Education Act of 1965 (HEA) to prohibit institutions of higher education (IHEs) from being eligible to receive any form of financial assistance under such Act if the Secretary of Education determines that they are participating in a boycott of Israeli academic institutions or scholars.

Directs the Secretary, no later than May 1 of each year, to: (1) identify and make publicly available a list of all IHEs participating in such boycott, and (2) notify each IHE that is so identified of its designation as a participant in such boycott.

Gives IHEs 30 days after their identification as a boycott participant to request the Secretary to waive their ineligibility for financial assistance under the HEA.

Makes the funding prohibition inapplicable to funds available for student financial aid.

protect academic freedom act amends higher education act hea prohibit institutions higher education ihes eligible receive form financial assistance act secretary education determines participating boycott israeli academic institutions scholars directs secretary later year identify publicly available list ihes participating boycott notify ihe identified designation participant boycott gives ihes days identification boycott participant request secretary waive ineligibility financial assistance hea makes funding prohibition inapplicable funds available student financial aid


Summary:
Student Loan Forgiveness Tax Repayment Act of 2014 - Amends the Internal Revenue Code to allow taxpayers to include their imputed income from the discharge of student loan indebtedness due to death or disability in gross income, for income tax purposes, ratably over a 15-year period beginning with the taxable year of the discharge.

Provides that any imputed income from the discharge of student loan indebtedness by reason of death or disability shall be disregarded for purposes of determining eligibility for any federal means-tested program.

amends internal revenue code allow taxpayers include imputed income discharge student loan indebtedness death disability gross income income tax purposes ratably year period beginning taxable year discharge provides imputed income discharge student loan indebtedness reason death disability shall disregarded purposes determining eligibility federal means tested program


Summary:
Student Veterans IT Upgrade Act - Directs the Chief Information Officer (CIO) of the Department of Veterans Affairs (VA), in coordination with the Deputy Under Secretary for Economic Opportunity, to submit to the Senate and House Veterans' Affairs Committees a report on the VA's information technology system that is used in connection with the administration of educational benefits by the Secretary of Veterans Affairs.

Requires such report to include: (1) the status of such system, (2) the system plan submitted to Congress, (3) an action plan describing how the CIO and the Deputy Under Secretary intend to finalize such system, and (4) the anticipated cost of upgrading such system.

Directs the CIO and the Deputy Under Secretary to update the Committees at least annually on any progress made in upgrading the system.

student veterans upgrade act directs chief information officer cio department_of_veterans_affairs coordination deputy secretary submit senate report information technology system connection administration educational benefits secretary veterans_affairs requires report include status system system plan submitted congress action plan describing cio deputy secretary intend finalize system anticipated cost upgrading system directs cio deputy secretary update committees annually progress upgrading system


Summary:
Veterans Education Survey Act of 2014 - Directs the Secretary of Veterans Affairs (VA) to enter into a contract with a non-government entity to conduct a survey of a statistically valid sample of individuals who have used or are using their entitlement to veterans educational assistance to pursue a program of education or training.

Requires: (1) the survey to be submitted to the Senate and House Veterans' Affairs Committees not later than one month before the collection of data begins, and (2) the entity to conduct the survey electronically or by other appropriate means and to complete the survey and submit the results to the Secretary not later than 180 days after entering into the contract.

Requires the survey to be designed to collect specified types of information about each individual surveyed, including: (1) demographic information, including the highest level of education completed, military occupational specialties while serving in the Armed Forces, National Guard, or Reserves, and whether the individual has a service-connected disability; (2) the individual's opinion regarding participation in the transition assistance program and the effectiveness of the program; (3) the nature of the individual's experience with the VA's education benefits processing system; and (4) the individual's employment status and whether such status differs from the individual's status prior to enrolling in the program of education or training.

Directs the Secretary to report to the Committees on the results of the survey, including an unedited version of the results submitted, and any recommendations.

veterans education survey act directs secretary veterans_affairs enter contract non government entity conduct survey statistically valid sample individuals entitlement veterans educational assistance pursue program education training requires survey submitted senate later month collection data begins entity conduct survey electronically appropriate means complete survey submit results secretary later days entering contract requires survey designed collect specified types information individual surveyed including demographic information including highest level education completed military occupational specialties serving reserves individual service connected disability individual opinion participation transition assistance program effectiveness program nature individual experience education benefits processing system individual employment status status differs individual status prior enrolling program education training directs secretary report committees results survey including version results submitted recommendations


Summary:
Requires the Department of Veterans Affairs (VA) to charge an advance payment of veterans' educational assistance against the final and, if necessary, penultimate month of the recipient's entitlement to such assistance.

Prohibits an individual from receiving more than one advance payment of veterans' educational assistance during any academic year.

requires department_of_veterans_affairs charge advance payment veterans educational assistance final necessary month recipient entitlement assistance prohibits individual receiving advance payment veterans educational assistance academic year


Summary:
Jumpstart Our Businesses by Supporting Students Act of 2014 or the JOBS Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education, for the award years beginning on July 1, 2014, and ending on June 30, 2020, to award job training Federal Pell Grants to students in job training programs.

Makes students eligible for such Grants if they: (1) have not attained a baccalaureate or postbaccalaureate degree; (2) are attending an institution of higher education (IHE) that is eligible to participate in title IV programs; (3) are enrolled in, or accepted for enrollment in, a job training program at that IHE that does not lead to a baccalaureate degree; and (4) meet all the other eligibility requirements for a Federal Pell Grant.

Establishes a maximum amount, but no minimum amount, for such a Grant.

Defines an eligible "job training program" as a career and technical education program at an IHE that:

 provides at least 150 clock hours of instructional time over a period of at least 8 weeks, provides training that meets the needs of the local or regional workforce, provides students who complete the program with a recognized educational credential, and the IHE has determined is sufficient to meet the hiring requirements of multiple employers and allow students to apply for any licenses or certifications that may be required for employment in the field for which the job training is offered.

jumpstart businesses supporting students act jobs act amends title student assistance higher education act direct secretary education award years beginning july ending june award job training federal pell_grants students job training programs makes students eligible grants attained baccalaureate postbaccalaureate degree attending institution higher education ihe eligible participate title programs enrolled accepted enrollment job training program ihe lead baccalaureate degree meet eligibility requirements federal pell grant establishes maximum minimum grant defines eligible job training program career technical education program ihe provides clock hours instructional time period weeks provides training meets needs local regional workforce provides students complete program recognized educational credential ihe determined sufficient meet hiring requirements multiple employers allow students apply licenses certifications required employment field job training offered


Summary:
Veterans Higher Education Opportunity Act - Amend title IV (Student Assistance) of the Higher Education Act of 1965 to establish what is to be considered a year of service for determining the percentage of an individual's Federal Perkins Loan that is to be cancelled for military service that qualifies for special pay for occurring in an area of hostilities.

Defines such individual's "year of service" as a qualified tour of duty that: (1) lasted at least six months, or (2) lasted less than six months because the member was discharged or released from active duty due to an injury or disability incurred in or aggravated by the member's military service.

opportunity act amend title student assistance higher education act establish considered year service determining percentage individual federal_perkins_loan cancelled military service qualifies special pay occurring area hostilities defines individual year service qualified tour duty months months member discharged released active duty injury disability incurred aggravated member military service


Summary:
Student Loan Fair Prepayment Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's loans under the Federal Family Education Loan (FFEL) or William D. Ford Federal Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the principal due on the loan that bears the highest interest rate.

Makes that requirement inapplicable to income-based or income contingent repayment plans for FFELs or DLs.

Requires an institution of higher education holding a borrower's loans under the Federal Perkins Loan program to first apply any excess payments by the borrower toward any fees due on such loans and then, unless the borrower requests otherwise, toward the principal due on the loan that bears the highest interest rate.

Amends the Truth in Lending Act to require a private education loan holder that holds more than one private education loan for a borrower to apply any prepayments on those loans first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the principal due on the loan that bears the highest interest rate.

prepayment act amends title student assistance higher education act require holder borrower loans federal_family_education_loan ffel programs receives prepayment loans applied fees loans borrower requests principal loan bears highest interest rate makes requirement inapplicable income based income contingent repayment plans ffels dls requires institution higher education holding borrower loans federal_perkins_loan program apply excess payments borrower fees loans borrower requests principal loan bears highest interest rate amends truth lending act require private education loan holder holds private education loan borrower apply prepayments loans fees loans borrower requests principal loan bears highest interest rate


Summary:
Veterans Education Outcomes Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in title IV programs to inform prospective and enrolled students of the percentage of the IHE's full-time students who receive assistance under the All-Volunteer Force or Post 9/11 Educational Assistance programs or the program providing educational assistance for members of the Selected Reserve.

Requires those IHEs to disaggregate by the recipients of such assistance information, which they are required to provide to prospective and enrolled students, regarding:

 their costs of attendance, their completion or graduation rates, their graduates' placement in employment and type of employment, the types of graduate and professional education their graduating students pursue, and their retention rate for undergraduate students.

outcomes act amends title student assistance higher education act require institutions higher education ihes participating title programs inform prospective enrolled students percentage ihe time students receive assistance volunteer force educational assistance programs program providing educational assistance members selected_reserve requires ihes disaggregate recipients assistance information required provide prospective enrolled students costs attendance completion graduation rates graduates placement employment type employment types graduate professional education graduating students pursue retention rate undergraduate students


Summary:
Electronic Books Opening Opportunity for Knowledge Act of 2014 or the E-BOOK Act of 2014 - Amends the Higher Education Act of 1965 to authorize the Secretary of Education to award competitive grants to up to 10 institutions of higher education (IHEs) to conduct pilot programs to reduce the cost of attendance for undergraduate students by expanding their access to digital course materials.

Directs the Secretary to give a preference to applications that demonstrate a commitment to serving disadvantaged students.

Requires grantees to make digital course materials available to undergraduate students in at least two different academic departments.

Allows the IHEs to use the grant funds to:

 purchase and maintain the electronic equipment or software their pilot programs need; purchase and maintain the digital and online content that instructors or students will use; hire staff to administer their pilot programs, with priority given to hiring enrolled undergraduate students; build or acquire extra storage space for pilot program equipment; and revise and adapt academic curricula as needed to implement their pilot programs.

electronic books opening opportunity knowledge act book act amends higher education act authorize secretary education award competitive grants institutions higher education ihes conduct pilot programs reduce cost attendance undergraduate students expanding access digital course materials directs secretary preference applications demonstrate commitment serving disadvantaged students requires grantees digital course materials available undergraduate students different academic departments allows ihes use grant funds purchase maintain electronic equipment software pilot programs need purchase maintain digital online content instructors students use hire staff administer pilot programs priority given hiring enrolled undergraduate students build acquire extra storage space pilot program equipment revise adapt academic curricula needed implement pilot programs


Summary:
Directs the Secretary of Veterans Affairs (VA) to establish a student loan repayment program in which the Secretary repays the undergraduate student loan amounts that veterans owe on any date they incur a service-connected disability that is rated as total.

Makes the repayment program applicable only to: (1) veterans who served in the Armed Forces on or after September 11, 2001, and (2) loans made before the veteran entered the Armed Forces.

directs secretary veterans_affairs establish student loan repayment program secretary repays undergraduate student loan amounts veterans owe date incur service connected disability rated total makes repayment program applicable veterans served armed_forces september loans veteran entered armed_forces


Summary: Amends the Internal Revenue Code, with respect to tax-exempt qualified tuition programs (529 plans), to: (1) make permanent the allowance for computer technology and equipment expenses and require that such technology and equipment be used primarily by the plan beneficiary (formerly, beneficiary and beneficiary's family); (2) allow contributors to a 529 plan or a plan beneficiary to direct plan investments, but not more frequently than four times per calendar year; (3) permit a recontribution to a 529 plan of amounts refunded to a student who withdraws from an educational institution if the recontribution is made not later than 60 days after the date of such refund and does not exceed the refunded amount; and (4) allow tax-free rollovers to a Roth individual retirement account (Roth IRA) of distributions from a qualified tuition program which has been maintained by the account holder for a 10-year period.

amends internal revenue code respect tax exempt qualified tuition programs plans permanent allowance computer technology equipment expenses require technology equipment primarily plan beneficiary beneficiary beneficiary family allow contributors plan plan beneficiary direct plan investments frequently times calendar year permit plan amounts refunded student withdraws educational institution later days date refund exceed refunded allow tax free rollovers roth individual retirement account roth ira distributions qualified tuition program maintained account holder year period


Summary:
Transferring Credits for College Completion Act of 2014 - Amends the Higher Education Act of 1965 (HEA) to require the Secretary of Education to include on the College Navigator website the percentage of undergraduates at an institution of higher education (IHE) who have transferred from another IHE and earned their degree or certificate in their program of study within: (1) the normal time for its completion, (2) 150% of the normal time for its completion, and (3) 200% of the normal time for its completion.

Requires private IHEs participating the programs under title IV (Student Assistance) of the HEA to publicly disclose, in a readable and comprehensible manner, their transfer of credit policies, including a list of IHEs with which they have established an articulation agreement.

Requires each public IHE participating in a title IV program to publicly disclose, by July 1, 2017, on a central location of its website and in a readable and comprehensible manner:

 a list of the public IHEs with which it has an articulation agreement, a list of the courses in the common general education core curriculum of such public IHEs, and a description of each associate degree program at a public IHE in the state that is acceptable in transfer and that will provide credit toward the first two years of a related baccalaureate program at a public IHE in such state. Requires each public IHE, to the extent practicable, to include in its course schedule publication information on whether each listed course or program of study is part of its common general education core curriculum and is transferable for credit toward the completion of a degree at any public IHE with which it has an articulation agreement.

Requires each public IHE, by July 1, 2017, to enter into an articulation agreement with the other public IHEs located in its state.

Requires those agreements to include:

 a common general education core curriculum consisting of at least 30 credit hours or equivalent coursework that are fully transferable toward meeting specific degree or certificate requirements at other public IHEs in the state, common course numbering for substantially similar courses in that curriculum, and a guarantee that an associate degree in an academic major in the arts and sciences at a public IHE in the state will be credited as the first two years of a related baccalaureate program at other public IHEs in the state. Excepts Tribal Colleges or Universities from those articulation agreement requirements.

transferring credits college completion act amends higher education act hea require secretary education include college navigator website percentage undergraduates institution higher education ihe transferred ihe earned degree certificate program study normal time completion normal time completion normal time completion requires private ihes participating programs title student assistance hea publicly disclose readable manner transfer credit policies including list ihes established articulation agreement requires public ihe participating title program publicly disclose july central location website readable manner list public ihes articulation agreement list courses common general education core curriculum public ihes description associate degree program public ihe state acceptable transfer provide credit years related baccalaureate program public ihe state requires public ihe extent practicable include course schedule publication information listed course program study common general education core curriculum transferable credit completion degree public ihe articulation agreement requires public ihe july enter articulation agreement public ihes located state requires agreements include common general education core curriculum consisting credit hours equivalent coursework fully transferable meeting specific degree certificate requirements public ihes state common course numbering substantially similar courses curriculum guarantee associate degree academic major arts sciences public ihe state credited years related baccalaureate program public ihes state universities articulation agreement requirements


Summary:
Pell Grant Protection Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the maximum Federal Pell Grant for which a student may be eligible for an award year at a specified amount, increased for inflation each year, plus any additional amount specified in the last enacted appropriation Act applicable to that award year.

Appropriates for FY2015 and each succeeding fiscal year such sums as may be necessary to provide, in combination with any amounts separately appropriated for the additional Pell Grant amount, each eligible student with the maximum Pell Grant amount, minus the student's expected family contribution. (This converts the Pell Grant program into a mandatory spending program.)

Directs the Secretary of Education to award an additional Pell Grant to an eligible student who: (1) has received a Pell Grant for an award year, and (2) is enrolled in a program of study for one or more additional payment periods during the same award year that are not otherwise covered by the Pell Grant.

Permits the total amount of the Pell Grants awarded to such student for the award year to exceed the total maximum Pell Grant for such award year.

pell grant protection act amends title student assistance higher education act set maximum federal pell grant student eligible award year specified increased inflation year plus additional specified enacted appropriation act applicable award year appropriates fy2015 succeeding fiscal year sums necessary provide combination amounts separately appropriated additional pell_grant eligible student maximum pell_grant minus student expected family contribution converts pell_grant program mandatory spending program directs secretary education award additional pell_grant eligible student received pell_grant award year enrolled program study additional payment periods award year covered pell_grant permits total pell_grants awarded student award year exceed total maximum pell_grant award year


Summary:
Perkins Modernization Act of 2014 - Amends the Carl D. Perkins and Technical Education Act of 2006 to revise its purposes, which are to develop more fully the academic and career and technical skills of secondary education students and postsecondary students who elect to enroll in career and technical education programs (as under current law), by: (1) preparing those students for employment in current or emerging in-demand industry sectors or occupations; (2) aligning the skills, certifications, and credentials of the students with those needed by employers in the labor markets served by educational institutions; and (3) ensuring that the selection of skills, certifications, and credentials acquired by such students is guided by timely labor market information.

Defines "in-demand industry sector or occupation" to mean an industry sector or occupation that: (1) has or is projected to have a substantial role or a positive economic impact in the economy of the area served by an eligible institution; (2) provides workers with jobs that lead to economic self-sufficiency and opportunities for advancement; and (3) is documented in labor market information collected by state and federal agencies, workforce investment boards, or other third-party organizations.

perkins modernization act amends carl perkins technical education act revise purposes develop fully academic career technical skills secondary education students postsecondary students elect enroll career technical education programs current law preparing students employment current emerging demand industry sectors occupations aligning skills certifications credentials students needed employers labor markets served educational institutions ensuring selection skills certifications credentials acquired students guided timely labor market information defines demand industry sector occupation mean industry sector occupation projected substantial role positive economic impact economy area served eligible institution provides workers jobs lead economic self sufficiency opportunities advancement documented labor market information collected state federal agencies workforce investment boards party organizations


Summary:
Investing in Student Success Act of 2014 - Declares that income share agreements that meet this Act's requirements are valid, binding, and enforceable contracts that are not subject to state usury laws or state laws regulating assignments of future income.

Defines an "income share agreement" as an agreement between an individual and any other person under which the individual commits to pay a specified percentage of the individual's future income, for a specified period of time, in exchange for payments to or on behalf of such individual for postsecondary education, workforce development, or other purposes.

Requires such an agreement to:

 specify the percentage of future income the individual will be obligated to pay, but it must exempt, at a minimum, the first $10,000 (adjusted annually for inflation) of income each year; specify what will be considered the individual's income; prevent the individual from obligating more than 15% of the individual's future income toward such agreement; specify the maximum period that an individual will be obligated to make payments, not to exceed 360 months (excluding any period during which an individual's income was below the agreement's exempt amount); and specify the terms and conditions for early termination of an individual's payment period. Requires individuals, before entering into such an agreement, to be provided with a document that clearly and simply discloses: (1) the terms of the agreement, (2) that the agreement is not a debt instrument, (3) that such individual may be required to pay more or less than the amount received, and (4) that an individual's obligations under the agreement are not dischargeable in bankruptcy.

Prohibits such agreements from being construed as giving the contract holder any rights over an individual's actions.

Excludes payments that are made under an income share agreement from the individual's gross income for tax purposes.

Amends the Internal Revenue Code to include income share agreements as qualified education loans, but denies the deduction for interest paid on such loans.

Prohibits amounts individuals receive for entering into an income share agreement from being included as income or assets in the computation of the expected family contribution for any program funded under the Higher Education Act of 1965.

Amends the Investment Company Act of 1940 to exclude any person from being treated as an investment company if substantially all of that person's business is confined to making income share agreements.

investing student success act declares income share agreements meet act requirements valid binding enforceable contracts subject state laws state laws regulating assignments future income defines income share agreement agreement individual person individual commits pay specified percentage individual future income specified period time exchange payments behalf individual postsecondary education workforce development purposes requires agreement specify percentage future income individual obligated pay exempt minimum adjusted annually inflation income year specify considered individual income prevent individual obligating individual future income agreement specify maximum period individual obligated payments exceed months excluding period individual income agreement exempt specify terms conditions early termination individual payment period requires individuals entering agreement provided document clearly simply discloses terms agreement agreement debt instrument individual required pay received individual obligations agreement dischargeable bankruptcy prohibits agreements construed giving contract holder rights individual actions excludes payments income share agreement individual gross income tax purposes amends internal revenue code include income share agreements qualified education loans denies deduction interest paid loans prohibits amounts individuals receive entering income share agreement included income assets computation expected family contribution program funded higher education act amends investment company act exclude person treated investment company substantially person business confined making income share agreements


Summary:
Learning Opportunities With Creation of Open Source Textbooks (LOW COST) Act of 2014 - Requires the Director of the National Science Foundation (NSF) to develop high quality, college freshman-level, open source materials that: (1) contain, at minimum, a comprehensive set of textbooks or other educational materials covering topics in physics, chemistry, and calculus; (2) are posted on the Federal Open Source Material Website (Website); and (3) are free of copyright violations.

Requires the Director to establish and maintain the Website.

Requires materials on the Website to be made available free of charge. Allows those materials to be downloaded, redistributed, or revised by the public.

Directs the head of each federal agency that spends more than a specified amount in a fiscal year on scientific education or research to use at least 2% of those funds to collaborate with the heads of other such agencies or any federally funded research and development center to develop and implement procedures for checking the veracity, accuracy, and educational effectiveness of open source materials that are posted on the Website.

learning opportunities creation open source textbooks low cost act requires director national_science_foundation nsf develop high quality college level open source materials contain minimum comprehensive set textbooks educational materials covering topics physics chemistry posted website free copyright violations requires director establish maintain website requires materials website available free charge allows materials downloaded revised public directs head federal agency spends specified fiscal year scientific education research use funds collaborate heads agencies federally funded research development center develop implement procedures checking accuracy educational effectiveness open source materials posted website


Summary:
Protecting Educational Loans for Underserved Students Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish criteria for the Secretary of Education to use in determining whether the credit history of applicants for William D. Ford Federal Direct PLUS loans renders them ineligible for such loans. (Federal Direct PLUS loans are provided to graduate or professional degree students and the parents of dependent undergraduate students.)

Directs the Secretary to consider an applicant to have an adverse credit history on the basis of his or her credit report, absent a determination that the applicant has extenuating circumstances, if : (1) the applicant is 90 or more days delinquent on the repayment of a debt exceeding $2,000; or (2) during the three years before the credit report date, the applicant has been subject to a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a title IV debt.

Requires applicants that have been subject to such actions to participate in loan counseling provided by the applicable institution of higher education before becoming eligible for Federal Direct PLUS loans.

Prohibits the Secretary from: (1) denying a Federal Direct PLUS loan to an applicant for having debt that is unrelated to title IV loans and is in collection or has been charged off, provided the applicant participates in such loan counseling; or (2) using the applicant's lack of a credit history as a reason to deny a Federal Direct PLUS loan to such applicant.

Requires the Secretary to retain a record of the Secretary's basis for determining that an applicant has extenuating circumstances that make the applicant eligible for a Federal Direct PLUS loan despite having an adverse credit history.

Makes the Secretary's determination that an applicant does not have an adverse credit history effective for the two years following such determination.

title student assistance higher education act establish criteria secretary education use determining credit history applicants loans renders ineligible loans loans provided graduate professional degree students parents dependent undergraduate students directs secretary consider applicant adverse credit history basis credit report absent determination applicant extenuating circumstances applicant days delinquent repayment debt exceeding years credit report date applicant subject default determination bankruptcy discharge foreclosure tax lien wage garnishment write title debt requires applicants subject actions participate loan counseling provided applicable institution higher education eligible loans prohibits secretary denying federal direct plus loan applicant having debt unrelated title loans collection charged provided applicant participates loan counseling applicant lack credit history reason deny federal direct plus loan applicant requires secretary retain record secretary basis determining applicant extenuating circumstances applicant eligible federal direct plus loan despite having adverse credit history makes secretary determination applicant adverse credit history effective years following determination


Summary: College Preparation Tax Credit Act of 2014 - Amends the Internal Revenue Code to allow an individual taxpayer a tax credit for up to $500 of qualified college preparation expenses. Defines such expenses as: (1) the fees required for taking any Advanced Placement or International Baccalaureate exam, the SAT, the ACT, or any SAT subject test; (2) expenses related to preparation for such exams; and (3) fees and expenses related to applications for admission to pursue a postsecondary course of study at an institution of higher education.

amends internal revenue code allow individual taxpayer tax credit qualified college preparation expenses defines expenses fees required taking advanced_placement international_baccalaureate exam act subject test expenses related preparation exams fees expenses related applications admission pursue postsecondary course study institution higher education


Summary:
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education to verify that individuals who are applying for Direct Consolidation loans on the following bases are in fact:

 currently eligible for income contingent repayment or income-based repayment of a loan that has been submitted to a guaranty agency for default aversion or is already in default; employed in a public service job and thereby eligible to participate in the public service loan forgiveness program; or a member of a regular or reserve component of the Armed Forces and thereby eligible to benefit from the no accrual of interest for active duty service members program.

amends title student assistance higher education act require secretary education verify individuals applying loans following bases fact currently eligible income contingent repayment income based repayment loan submitted guaranty agency default aversion default employed public service job eligible participate public service loan forgiveness program member regular reserve component armed_forces eligible benefit accrual interest active duty service members program


Summary:
Bank on Students Emergency Loan Refinancing Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to establish a program to refinance the unpaid principal, accrued unpaid interest, and late charges on: (1) the William D. Ford Federal Direct Loans (DLs) of qualified borrowers if the DLs were first disbursed or (in the case of Direct Consolidation Loans) applied for before July 1, 2013, and (2) the Federal Family Education Loans (FFEL) of qualified borrowers as DLs. (FFELs were not disbursed after June 30, 2010.)

Refinances the FFELs as Federal Direct Stafford, Unsubsidized Stafford, PLUS, or Consolidated Loans depending on the categorization of the FFEL as a Stafford, Unsubsidized Stafford, PLUS, or Consolidated Loan.

Sets the interest rate on the refinanced loans, other than the Federal Direct Consolidation Loans, at the rate for the 12 months beginning on July 1, 2013, applicable to the DL's categorization and, in the case of Stafford Loans, applicable to a loan issued to an undergraduate student or a loan issued to a graduate student.

Sets the interest on refinanced Consolidation Loans at the rate on Federal Direct PLUS Loans for the 12-month period beginning on July 1, 2013.

Fixes the interest rate on such loans for the period of such loans.

Directs the Secretary to establish eligibility requirements based on a borrower's income or debt-to-income ratio that take into consideration providing access to refinancing for borrowers with the greatest financial need.

Imposes an administrative fee on the borrowers of such reissued loans that is based on the unpaid principal, and accrued unpaid interest and late charges, of their original loan.

Requires the Secretary to establish a program to refinance the unpaid principal, accrued unpaid interest, and late charges on private education loans as Federal Direct Refinanced Private Loans if the private education loans were first disbursed to qualified borrowers before July 1, 2013, and were for their own postsecondary educational expenses.

Sets the interest rate on Federal Direct Refinanced Private Loans at the rate applicable for the 12 months beginning on July 1, 2013, to: (1) Direct Stafford and Unsubsidized Stafford Loans issued to undergraduates if the private education loan was issued for undergraduate expenses, (2) Direct Unsubsidized Stafford Loans issued to graduate or professional students if the private education loan was issued for graduate or professional studies, or (3) Direct PLUS Loans if the private education loan was issued for undergraduate and graduate or professional studies.

Fixes the interest rate on such loans for the period of such loans.

Directs the Secretary to establish eligibility requirements based on a borrower's income or debt-to-income ratio that take into consideration providing access to refinancing for borrowers with the greatest financial need.

Requires qualified borrowers of such loans to undergo loan counseling before their private education loan is refinanced.

Imposes an origination fee on the borrowers of Federal Direct Refinanced Private Loans.

Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax). Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of: (1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over (2) certain tax credits. Provides for a phase-in of such tax. Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2015.

Requires the Secretary to terminate this Act's refinancing programs when the net cost of carrying out the programs is equal to the Secretary's estimate of the amount of additional revenue generated during the 10-year period beginning on the date of this Act's enactment due to the fair share tax.

title student assistance higher education act direct secretary education establish program refinance unpaid principal accrued unpaid interest late charges federal direct loans dls qualified borrowers dls disbursed case direct_consolidation_loans applied july federal_family_education_loans ffel qualified borrowers dls ffels disbursed june refinances ffels federal_direct_stafford unsubsidized stafford plus depending categorization ffel consolidated_loan sets interest rate refinanced loans federal_direct_consolidation_loans rate months beginning july applicable categorization case stafford_loans applicable loan issued undergraduate student loan issued graduate student sets interest refinanced consolidation loans rate federal_direct_plus_loans month period beginning july fixes interest rate loans period loans directs secretary establish eligibility requirements based borrower income debt income ratio consideration providing access refinancing borrowers greatest financial need imposes administrative fee borrowers reissued loans based unpaid principal accrued unpaid interest late charges original loan requires secretary establish program refinance unpaid principal accrued unpaid interest late charges private education loans federal_direct_refinanced_private_loans private education loans disbursed qualified borrowers july postsecondary educational expenses sets interest rate federal_direct_refinanced_private_loans rate applicable months beginning july direct stafford unsubsidized stafford loans issued undergraduates private education loan issued undergraduate expenses direct unsubsidized stafford loans issued graduate professional students private education loan issued graduate professional studies direct plus loans private education loan issued undergraduate graduate professional studies fixes interest rate loans period loans directs secretary establish eligibility requirements based borrower income debt income ratio consideration providing access refinancing borrowers greatest financial need requires qualified borrowers loans undergo loan counseling private education loan refinanced imposes origination fee borrowers federal_direct_refinanced_private_loans amends internal revenue code require individual taxpayer adjusted gross income exceeds million pay minimum tax rate excess taxpayer adjusted gross income taxpayer modified charitable contribution deduction taxable year tentative fair share tax establishes tax excess tentative fair share tax excess sum taxpayer regular tax liability alternative minimum tax amt payroll tax taxable year certain tax credits provides phase tax requires inflation adjustment million income threshold taxable years beginning requires secretary terminate act refinancing programs net cost carrying programs equal secretary estimate additional revenue generated year period beginning date act enactment fair share tax


Summary:
Higher Education Reform and Opportunity Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the following entities, programs, and courses eligible for funding under title IV if they are accredited by an authorized accreditation authority in a state that has an alternative accreditation agreement with the Secretary of Education:

 institutions that provide postsecondary courses; postsecondary apprenticeship programs; and postsecondary education courses or programs provided by institutions of postsecondary education, nonprofit organizations, or for-profit organizations or businesses. Lists the items to be included in a state's alternative accreditation agreement with the Secretary, including the standards those entities, programs, and courses must meet to receive and maintain their accreditation.

Requires that agreement to include the state's assurance that only entities, programs, and courses that provide credits toward a postsecondary certification, credential, or degree (as defined by the state in the agreement) will be accredited.

Establishes the formula for determining the administrative cost allowance for: (1) the entities, programs, and courses that are accredited through the alternative accreditation system and that administer the Federal Pell Grant, Federal Perkins Loan, Federal Work-Study, and Federal Supplemental Educational Opportunity Grant programs in accordance with the agreement; and (2) states that will administer those programs for such entities, programs, and courses in accordance with the agreement.

higher education reform opportunity act amends title student assistance higher education act following entities programs courses eligible funding title accredited authorized accreditation authority state alternative accreditation agreement secretary education institutions provide postsecondary courses postsecondary apprenticeship programs postsecondary education courses programs provided institutions postsecondary education nonprofit organizations profit organizations businesses lists items included state alternative accreditation agreement secretary including standards entities programs courses meet receive maintain accreditation requires agreement include state assurance entities programs courses provide credits postsecondary certification credential degree defined state agreement accredited establishes formula determining administrative cost allowance entities programs courses accredited alternative accreditation system administer federal pell grant federal perkins loan grant programs accordance agreement states administer programs entities programs courses accordance agreement


Summary:
Federal Student Loan Refinancing Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow borrowers that received loans under the William D. Ford Federal Direct Loan (DL) or Federal Family Education Loan (FFEL) program on or after July 1, 2006, to consolidate those loans as Federal Direct Consolidation Loans.

Directs the Secretary of Education to consolidate DLs, and send a completed loan consolidation application to FFEL borrowers, within 90 days of this Act's enactment. Gives FFEL borrowers six months after their receipt of such application to endorse it and submit it to the Secretary if they wish to consolidate their loans.

Sets the interest rate on Federal Direct Consolidation Loans at 4% or, if the weighted average of the interest rates of the loans being consolidated is less than 4%, the lesser of: (1) that weighted average, or (2) an interest rate equal to 0.4% of the principal balance of the consolidation loan at the time of consolidation.

Adds an origination fee equal to 0.4% of the principal balance of the consolidation loan at the time of consolidation if an FFEL is being consolidated.

Reduces the interest rate on a Federal Direct Consolidation Loan by 0.25% if one or more of the loans being consolidated is an FFEL held by an eligible lender.

Prohibits any benefit a borrower is receiving or earning when issued a Federal Direct Consolidation Loan from being affected by the consolidation.

title student assistance higher education act allow borrowers received loans federal direct loan federal_family_education_loan ffel program july consolidate loans federal_direct_consolidation_loans directs secretary education consolidate dls send completed loan consolidation application ffel borrowers days act enactment gives ffel borrowers months receipt application endorse submit secretary wish consolidate loans sets interest rate federal_direct_consolidation_loans weighted average interest rates loans consolidated lesser weighted average interest rate equal principal balance consolidation loan time consolidation adds origination fee equal principal balance consolidation loan time consolidation ffel consolidated reduces interest rate loans consolidated ffel held eligible lender prohibits benefit borrower receiving earning issued affected consolidation


Summary:
Bereaved Borrowers' Bill of Rights Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to include in a private education loan for which the cosigner is jointly liable a process for releasing the cosigner from obligations on such loan.

 Requires a lender who receives notification of the death or bankruptcy of a cosigner who is jointly liable for the loan to notify the borrower about the borrower's rights under the loan agreement regarding: (1) release of the cosigner, and (2) identification of a new cosigner or refinancing of the loan.

 Amends the Fair Credit Reporting Act to prohibit: (1) consumer reporting agencies from containing in any consumer report default on a private education loan that results from accelerated repayment terms of the loan after the death or bankruptcy of a jointly liable cosigner, and (2) the lender or servicer of a private educational loan from furnishing loan information to a consumer reporting agency if the consumer defaulted on the loan due to accelerated repayment terms after the death or bankruptcy of such a cosigner.

borrowers bill rights act amends truth lending act require private educational lender include private education loan cosigner jointly liable process releasing cosigner obligations loan requires lender receives notification death bankruptcy cosigner jointly liable loan notify borrower borrower rights loan agreement release cosigner identification new cosigner refinancing loan amends fair credit reporting act prohibit consumer reporting agencies containing consumer report default private education loan results accelerated repayment terms loan death bankruptcy jointly liable cosigner lender servicer private educational loan furnishing loan information consumer reporting agency consumer defaulted loan accelerated repayment terms death bankruptcy cosigner


Summary:
Kerry Rose Fire Sprinkler Notification Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in title IV programs to include in their annual fire safety report: (1) the number and percentage of beds at their student housing facilities that are protected by an automatic fire sprinkler system in the bedroom, and (2) the number and percentage that are not so protected.

Directs the Secretary of Education to make publicly available statistics on the number and percentage, in the aggregate and by state, of:

 student housing facilities at IHEs with less than 100% of the beds protected by an automatic fire sprinkler system in the bedroom, student housing facilities at IHEs with less than 50% of the beds so protected, beds at student housing facilities at IHEs that are so protected, and beds at such facilities that are not so protected. Defines "student housing facilities" to include facilities that are campus facilities and facilities that are noncampus buildings or properties.

Requires IHEs that maintain student housing facilities to:

 include in all materials relating to such facilities information on whether they are equipped with a fire safety system that includes an automatic fire sprinkler system in each bedroom, give students who are selecting a student housing facility written notice as to whether or not the facility has such a system, and give students written notice on the date they move into a student housing facility as to whether the facility has such a system and how its fire safety system is described in the IHE's annual fire safety report.

notification act amends title student assistance higher education act require institutions higher education ihes participating title programs include annual fire safety report number percentage beds student housing facilities protected automatic fire sprinkler system number percentage protected directs secretary education publicly available statistics number percentage aggregate state student housing facilities ihes beds protected automatic fire sprinkler system student housing facilities ihes beds protected beds student housing facilities ihes protected beds facilities protected defines student housing facilities include facilities campus facilities facilities buildings properties requires ihes maintain student housing facilities include materials relating facilities information equipped fire safety system includes automatic fire sprinkler system students selecting student housing facility written notice facility system students written notice date student housing facility facility system fire safety system described ihe annual fire safety report


Summary: Amends the Internal Revenue Code to increase the limitation on the tax deduction for interest paid on qualified education loans to $5,000 in a taxable year and provide for an annual inflation adjustment to that amount for taxable years beginning after 2015.

amends internal revenue code increase limitation tax deduction interest paid qualified education loans taxable year provide annual inflation adjustment taxable years beginning


Summary:
Curbing Abusive Marketing Practices with University Student Debit Cards Act or the CAMPUS Debit Cards Act - Amends title IV (Student Assistance) the Higher Education Act of 1965 to require each institution of higher education (IHE) that enters into a preferred banking arrangement with a financial institution to:

 develop a code of conduct regarding the preferred banking arrangement with which the IHE's officers, employees, and agents must comply that prohibits conflicts of interest and requires those individuals to act in the best interests of the IHE's students; publish that code prominently on the IHE's website; annually inform its officers, employees, and agents who have responsibilities regarding the preferred banking arrangement of the code's provisions; and effectively enforce the code. Requires that code of conduct, at a minimum, to prohibit:

 the IHE from entering into a revenue-sharing arrangement with any financial institution; the IHE's officers, employees, or agents who have responsibilities regarding the preferred banking arrangement or a financial institution from soliciting or receiving a gift from the financial institution; the IHE from requesting or accepting from any financial institution assistance with any office or department of the IHE; the IHE's officers, employees, or agents who have responsibilities regarding the preferred banking arrangement or a financial institution from accepting financial compensation from any financial institution pursuant to a service contract; the IHE from denying or unnecessarily delaying the disbursement of a title IV loan or grant on the basis of a student's selection of a particular financial institution; and the IHE's officers, employees, or agents who have responsibilities regarding the preferred banking arrangement or a financial institution from receiving anything of value from the financial institution for serving on its advisory board, commission, or group. Allows specified exceptions to such prohibitions.

Requires IHEs that enroll students who receive title IV grants or loans to establish a system to disburse credit balances to students through electronic payments to a deposit account or a general-use prepaid card with the protections afforded under the Electronic Fund Transfer Act.

Directs the Secretary to conduct a pilot program giving students the option to receive credit balances through the Treasury Direct Express system or another low-cost alternative.

Amends the Consumer Financial Protection Act of 2010 to require:

 IHEs or their alumni organizations or foundations to publicly disclose any agreement made with a financial institution to market a financial product, financial institutions to submit an annual report to the Consumer Financial Protection Bureau (CFPB) containing the terms and conditions of all agreements they make with IHEs or IHE alumni organizations or foundations relating to any financial product they offer to students at such IHEs, the CFPB to establish and maintain on its publicly available website a central repository of all agreements contained in such reports from financial institutions. Prohibits financial institutions from offering students any tangible or intangible item to induce them to apply, purchase, or obtain a financial product offered by the financial institution if the offer is made on or near the campus of an IHE or at an event sponsored by or related to an IHE.

Directs the CFPB: (1) to conduct a study on the marketing of financial products to students enrolled in IHEs, and (2) if the study finds that financial products are not marketed to IHE students in a fair manner, to issue regulations to ensure that such products are marketed in a fair manner.

Expresses the sense of Congress that financial products marketed to IHE students should be presented in a fair and neutral manner.

abusive marketing practices act campus debit cards act amends title student assistance higher education act require institution higher education ihe enters preferred banking arrangement financial institution develop code conduct preferred banking arrangement ihe officers employees agents comply prohibits conflicts interest requires individuals act best interests ihe students publish code prominently ihe website annually inform officers employees agents responsibilities preferred banking arrangement code provisions effectively enforce code requires code conduct minimum prohibit ihe entering revenue sharing arrangement financial institution ihe officers employees agents responsibilities preferred banking arrangement financial institution soliciting receiving gift financial institution ihe requesting accepting financial institution assistance office department ihe ihe officers employees agents responsibilities preferred banking arrangement financial institution accepting financial compensation financial institution pursuant service contract ihe denying unnecessarily delaying disbursement title loan grant basis student selection particular financial institution ihe officers employees agents responsibilities preferred banking arrangement financial institution receiving value financial institution serving advisory board commission group allows specified exceptions prohibitions requires ihes enroll students receive title grants loans establish system disburse credit balances students electronic payments deposit account general use prepaid card protections afforded electronic fund transfer act directs secretary conduct pilot program giving students option receive credit balances treasury direct express system low cost alternative amends consumer financial protection act require ihes alumni organizations foundations publicly disclose agreement financial institution market financial product financial institutions submit annual report consumer_financial_protection_bureau cfpb containing terms conditions agreements ihes ihe alumni organizations foundations relating financial product offer students ihes cfpb establish maintain publicly available website central repository agreements contained reports financial institutions prohibits financial institutions offering students tangible intangible item induce apply purchase obtain financial product offered financial institution offer near campus ihe event sponsored related ihe directs cfpb conduct study marketing financial products students enrolled ihes study finds financial products marketed ihe students fair manner issue regulations ensure products marketed fair manner expresses sense congress financial products marketed ihe students presented fair neutral manner


Summary:
Partnerships for Affordability and Student Success Act - Amends the Higher Education Act of 1965 to require states, for academic year 2014 and each of the succeeding four academic years, to maintain their support for: (1) institutions of higher education (IHEs) (excluding support for capital projects, research and development, or tuition and fees paid by students) at least at the level of such support for academic year 2012, and (2) student postsecondary financial aid at least at the level of such support for academic year 2012.

Directs the Secretary of Education to waive those requirements if such a waiver would be appropriate due to exceptional or uncontrollable circumstances.

Replaces the Leveraging Educational Assistance Partnership program with a program that allots matching incentive grants to states, based on each state's share of students eligible for Federal Pell Grants, to assist states in:

 providing need-based grants to students attending IHEs or participating in study abroad programs approved for credit by the IHEs, providing subgrants to IHEs or consortia of IHEs to improve student outcomes and to develop and implement practices that reduce costs for students, and providing public accountability and consumer information on the performance of IHEs in the state. Requires each state grantee to have a comprehensive plan for public postsecondary education that:

 has measurable goals for student outcomes, including enrollment, participation, and completion rates; has measurable college affordability goals; is aligned with the state's workforce and economic development plan; is aligned with the state's elementary and secondary education plan; and addresses the postsecondary education needs of unserved and underserved individuals, including those who are beyond the traditional college age. Requires each state grantee to report annually to the public on its progress in meeting its public postsecondary education goals and comprehensive plan for public higher education.

Allows private, nonprofit IHEs to participate on a voluntary basis in a state's comprehensive plan for postsecondary education.

Requires at least 70% of the funds allocated to a state to be reserved for need-based grants to students.

require states academic year succeeding academic years maintain support institutions higher education ihes excluding support capital projects research development tuition fees paid students level support academic year student postsecondary financial aid level support academic year directs secretary education waive requirements waiver appropriate exceptional uncontrollable circumstances replaces leveraging educational assistance partnership program program allots matching incentive grants states based state share students eligible federal pell_grants assist states providing need based grants students attending ihes participating study abroad programs approved credit ihes providing subgrants ihes consortia ihes improve student outcomes develop implement practices reduce costs students providing public accountability consumer information performance ihes state requires state grantee comprehensive plan public postsecondary education measurable goals student outcomes including enrollment participation completion rates measurable college affordability goals aligned state workforce economic development plan aligned state elementary secondary education plan addresses postsecondary education needs unserved underserved individuals including traditional college age requires state grantee report annually public progress meeting public postsecondary education goals comprehensive plan public higher education allows private nonprofit ihes participate voluntary basis state comprehensive plan postsecondary education requires funds allocated state reserved need based grants students


Summary:
Reducing Barriers for Veterans Education Act of 2014 - Makes an individual who is eligible for educational assistance under the Post-9/11 Educational Assistance program eligible for assistance with the fees for applying to institutions of higher education (IHEs).

Sets the amount of such assistance payable to an individual at the lesser of: (1) the total application fees charged to the individual by the IHEs, or (2) $750.

reducing barriers veterans education act makes individual eligible educational assistance program eligible assistance fees applying institutions higher education ihes sets assistance payable individual lesser total application fees charged individual ihes


Summary:
Education for Jobs Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make an individual eligible to apply for a loan under the William D. Ford Federal Direct Loan program if that individual: (1) is carrying at least three credit hours or the equivalent coursework for the course of study the individual is pursuing, (2) is enrolled in an educational program leading to a degree or certificate, and (3) was employed on a full-time basis for at least 10 years.

Makes those students eligible for interest subsidies. Requires the repayment period for such a loan to begin the day after six months after the student ceases to meet the loan eligibility requirements.

education jobs_act_-_amends title student assistance higher education act individual eligible apply loan federal_direct_loan program individual carrying credit hours equivalent coursework course study individual pursuing enrolled educational program leading degree certificate employed time basis years makes students eligible interest subsidies requires repayment period loan begin day months student ceases meet loan eligibility requirements


Summary: Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2014 - Amends federal bankruptcy law to allow an individual whose student loan debt is discharged due to undue hardship to recover the costs of, and a reasonable attorney's fee for, the discharge proceeding if the court finds that the position of the creditor was not substantially justified.

stopping abusive student loan collection practices bankruptcy act amends federal bankruptcy law allow individual student loan debt discharged undue hardship recover costs reasonable attorney fee discharge proceeding court finds position creditor substantially justified


Summary:
Protecting Students from Failing Institutions Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education to discharge a borrower's liability on a loan under the Federal Family Education Loan (FFEL) program if the student borrower, or the student on whose behalf a parent borrowed, is unable to complete the program in which such student is enrolled due to the closing of a campus or branch of the institution of higher education (IHE).

Prohibits a student's period of attendance at a campus or branch that closed and prevented the student from completing the student's course of study from: (1) being considered in calculating the student's period of eligibility for additional assistance under title IV, or (2) counting towards the student's duration limit for Federal Pell Grants.

Provides such liability discharge and eligibility protections to borrowers who withdraw from an IHE no more than 120 days before the closure of the campus or branch of the IHE at which they are enrolled if that closure would have prevented them from completing the program in which they were enrolled.

Allows a borrower who receives a Federal Pell Grant for an academic year for enrollment in a program at an IHE campus or branch that closes to use the remaining amount of the Federal Pell Grant for such academic year at another IHE even if the borrower is considered able to complete the program in which the borrower is enrolled.

protecting students failing institutions act amends title student assistance higher education act require secretary education discharge borrower liability loan federal_family_education_loan ffel program student borrower student behalf parent borrowed unable complete program student enrolled closing campus branch institution higher education ihe prohibits student period attendance campus branch closed prevented student completing student course study considered calculating student period eligibility additional assistance title counting student duration limit federal pell_grants provides liability discharge eligibility protections borrowers withdraw ihe days closure campus branch ihe enrolled closure prevented completing program enrolled allows borrower receives federal pell grant academic year enrollment program ihe campus branch closes use remaining federal pell grant academic year ihe borrower considered able complete program borrower enrolled


Summary:
Transparency in Education Act - Prohibits the Secretary of Education from issuing a final rule or implementing a proposed rule affecting the determination as to whether a postsecondary career education program provides training that leads to gainful employment in a recognized occupation, which is required if it is to participate in a program under title IV (Student Assistance) of the Higher Education Act of 1965 (HEA), until 90 days after:

 the Secretary publishes a complete data analysis on the impact of such proposed rule on all postsecondary education programs and students at all categories of institutions of higher education that participate in a program under title IV of the HEA, that analysis is published in a format similar to the Gainful Employment 2012 Informational Rate Calculations published by the Department of Education, and the Comptroller General (GAO) issues a report that reviews such data analysis for accuracy and completeness.

transparency education act prohibits secretary education issuing final rule implementing proposed rule affecting determination postsecondary career education program provides training leads gainful employment recognized occupation required participate program title student assistance higher education act hea days secretary publishes complete data analysis impact proposed rule postsecondary education programs students categories institutions higher education participate program title hea analysis published format similar informational rate calculations published department_of_education comptroller_general gao issues report reviews data analysis accuracy completeness


Summary:
Creating Higher Education Affordability Necessary to Compete Economically Act or the Middle Class CHANCE Act - Amends the Higher Education Act of 1965 to increase the maximum Federal Pell Grant for award year 2014-2015 and adjust it each subsequent award year to account for changes in the Consumer Price Index.

Directs the Secretary of Education to award an additional Pell Grant to an eligible student who: (1) has received a Pell Grant for an award year, and (2) is enrolled in a program of study for one or more additional payment periods during the same award year that are not otherwise covered by the Pell Grant.

Limits the total amount of the Pell Grants awarded to such student for the award year to 150% of the maximum Pell Grant for such award year.

Raises, from 12 semesters to 15 semesters, the period during which a student may receive Federal Pell Grants.

creating higher education affordability necessary compete economically act middle class chance act amends higher education act increase maximum federal pell grant award year adjust subsequent award year account changes consumer price index directs secretary education award additional pell_grant eligible student received pell_grant award year enrolled program study additional payment periods award year covered pell_grant limits total pell_grants awarded student award year maximum pell_grant award year raises semesters semesters period student receive federal pell_grants