§4703 Scholarship Program Authority

Summary

The President, through the United States Information Agency, must offer scholarships (including partial aid) for undergraduate study at U.S. colleges to citizens and nationals of developing countries who finished secondary school and cannot afford to study in the United States. Each scholarship is given as a loan that will be forgiven if the student returns to their home country for at least one year longer than they studied in the United States. If the student is granted asylum under section 1158 of title 8 or admitted as a refugee under section 1157 of title 8, half the loan must be forgiven. Before spending money for this program, the President must consult with U.S. colleges, educational exchange groups, U.S. missions in developing countries, and the governments of participating countries about how to follow the rules in section 4704. The phrase “institution of higher education” uses the definition in section 1001 of title 20.