Guaranteed Student Loan Assistance Amendments of 1983

[AI summary unavailable — showing source text] Guaranteed Student Loan Assistance Amendments of 1983 - Amends title IV, part B (Federal, State, and Private Programs of Low-Interest Insured Loans to Students in Institutions of Higher Education) of the Higher Education Act of 1965 to require eligible institutions to provide the lender with a statement evidencing a determination of need for a loan and the amount of such need in order for a student to qualify for a portion of an interest payment under the guaranteed student loan program. (Currently, such a statement of need is required only for a student whose family has an adjusted gross income greater than $30,000.) Repeals provisions which provide that an amount of need between $500 and $1,000 would qualify a student for a $1,000 loan under the guaranteed student loan program.…