CLOCK AND CREDIT HOUR TREATMENT OF DIPLOMA NURSING SCHOOLS.

SEC. 360. CLOCK AND CREDIT HOUR TREATMENT OF DIPLOMA NURSING 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 hospital based 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.