PROGRAM DESIGNATION; AUTHORIZATION.

SEC. 461. PROGRAM DESIGNATION; AUTHORIZATION. (a) Program Title.— (1) Heading.— The heading of part E of title IV is amended to read as follows: “Part E— Federal Perkins Loans”. (2) Name of loans.— Section 461(a) of the Act is amended by striking “as ‘Perkins Loans’” and inserting “as ‘Federal Perkins Loans’ ”. (b) Eligibility for Study Abroad.— Section 461(a) of the Act is amended by inserting “or while engaged in programs of study abroad approved for credit by such institutions” after “in such institutions”. (c) Authorization of Appropriations.— Section 461(b) of the Act is amended to read as follows: “(b) Authorization of Appropriations.— (1) For the purpose of enabling the Secretary to make contributions to student loan funds established under this part, there are authorized to be appropriated $250,000,000 for fiscal year 1993 and such sums as may be necessary for each of the 4 succeeding fiscal years. “(2) In addition to the funds authorized under paragraph (1), there are hereby authorized to be appropriated such sums for fiscal year 1997 and each of the 5 succeeding fiscal years as may be necessary to enable students who have received loans for academic years ending prior to October 1, 1997, to continue or complete courses of study”.