A bill to amend the Higher Education Act of 1965 to prevent abuses in the Supplemental Loans for Students program under part B of title IV of the Higher Education Act of 1965, and for other purposes.

[AI summary unavailable — showing source text] Amends the Higher Education Act of 1965 (the Act) to remove the exemption for Supplemental Loans for Students (SLS loans) from certain eligibility requirements under title IV (Student Assistance) of the Act. Revises such requirements to provide that SLS and Guaranteed Student Loan (GSL loan) recipients must have: (1) received a determination of eligibility or ineligibility for a Pell Grant for the relevant period of enrollment; and (2) filed an application for such a grant, if determined to be eligible. Requires, for eligibility for an SLS loan for any period of enrollment, that a student who is not a graduate or professional student must have: (1) received a determination of need for a GSL loan; and (2) applied for such a loan, if determined to have need for it. Reduces the amount of an individual's SLS loan eligibility by the amount of such individual's GSL loan eligibility (added to other financial aid). Revises the conditions of SLS eligibility of undergraduate dependent students. Requires "exceptional" (rather than "extenuating") circumstances to preclude such a student's parents from borrowing under the parent loan (PLUS loan) program. Requires appropriate documentation that …