Income-Dependent Education Assistance Act of 1983

[AI summary unavailable — showing source text] Income-Dependent Education Assistance Act of 1983 - Title I: System for Making Income-Dependent Education Assistance Loans - Requires the Secretary of Education to establish a program of entering into agreements with guarantee agencies in order to provide funds to postsecondary schools or vocational schools which have entered into agreements under this Act to make loans to students who are eligible for assistance under the Higher Education Act of 1965. Provides that pursuant to such agreements, guarantee agencies shall issue debt obligations approved by the Secretary the proceeds of which shall be allocated among eligible educational institutions. Requires the United States to agree to repay the principal and interest of such debt obligations. Permits guarantee agencies to make loans under this Act for the purpose of discharging liability on federally insured or guaranteed loans under title IV of the Higher Education Act of 1965. Provides that the guarantee agency for eligible educational institutions in any State shall be: (1) the State or nonprofit private institution which has an agreement with the State to provide subsidy payments under the State's student loan insurance progra…