PUBLIC LAW 103-382—OCT. 20, 1994 108 STAT. 3969 a new borrower on the date such individual applies for a loan under this part for which the first disbursement is made on or after July 1, 1993. "(4) DEFERMENTS FOR PREVIOUS PART B LOAN BORROWERS. — A borrower of a loan made under this part, who at the time such individual applies for such loan, has an outstanding balance of principal or interest owing on any loan made, insured, or guaranteed under part B of title IV prior to July 1, 1993, shall be eligible for a deferment under section 427(a)(2)(C) or section 428(b)(l)(M) as such sections were in effect on July 22, 1992.". SEC. 360. CLOCK AND CREDIT HOUR TREATMENT OF DIPLOMA NURS- ING SCHOOLS. (a) AMENDMENT.— Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 1088 et seq.) is amended by inserting after section 481 the following new section: "SEC. 481A. CLOCK AND CREDIT HOUR TREATMENT OF DIPLOMA NURSING SCHOOLS. "Notwithstanding any other provision of this Act, any regulations promulgated by the Secretary concerning the relationship between clock hours and semester, trimester, or quarter hours in calculating student grant, loan, or work assistance under this title, shall not apply to a public or private nonprofit hospitalbased school of nursing that awards a diploma at the completion of the school's program of education.". (b) EFFECTIVE DATE. — Subsection (a) and the amendment made by subsection (a) shall take effect on July 1, 1994. SEC. 360A. ELIGIBILITY FOR STUDENTS FROM PALAU. Subsection (j) of section 484 of the Higher Education Act of 1965 (20 U.S.C. 109 l(j)) is amended to read as follows: "(j) ASSISTANCE UNDER SUBPARTS 1, 3, AND 6, AND CHAPTER 1 OF SUBPART 2, OF PART A, AND PART C—Notwithstanding any other provision of law, a student shall be eligible, if otherwise qualified, for assistance under subparts 1, 3, and 6, and chapter 1 of subpart 2, of part A, and part C, of this title, if the student is otherwise qualified and— "(1) is a citizen of the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau, and attends an institution of higher education in a State or a public or nonprofit private institution of higher education in the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau; or "(2) meets the requirements of subsection (a)(5) and attends a public or nonprofit private institution of higher education in the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau.". SEC. 360B. DISCLOSURE OF ATHLETIC PROGRAM PARTICIPATION RATES AND FINANCIAL SUPPORT DATA. (a) SHORT TITLE. — This section may be cited as the "Equity in Athletics Disclosure Act". (b) FINDINGS. —The Congress finds that— (1) participation in athletic pursuits plays an important role in teaching young Americans now to work on teams, handle challenges and overcome obstacles; 20 USC 1088a. 20 USC 1088a note. Equity in Athletics Disclosure Act 20 USC 1001 note. 20 USC 1092 note.
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