STUDENT ELIGIBILITY.

SEC. 8021. STUDENT ELIGIBILITY.(a) Fraud: Repayment Required.—Section 484(a) (20 U.S.C. 1091(a)) is amended—(1) by striking the period at the end of paragraph (5) and inserting “; and”; and(2) by adding at the end the following new paragraph:“(6) if the student has been convicted of, or has pled nolo contendere or guilty to, a crime involving fraud in obtaining funds under this title, have completed the repayment of such funds to the Secretary, or to the holder in the case of a loan under this title obtained by fraud.”.(b) Verification of Income Date.—Paragraph (1) of section 484(q) (20 U.S.C. 1091(q)) is amended to read as follows:“(1) Confirmation with irs.—The Secretary of Education, in cooperation with the Secretary of the Treasury, is authorized to confirm with the Internal Revenue Service the information specified in section 6103(l)(13) of the Internal Revenue Code of 1986 reported by applicants (including parents) under this title on their Federal income tax returns for the purpose of verifying the information reported by applicants on student financial aid applications.”.(c) Suspension of Eligibility for Drug Offenses.—Section 484(r)(1) (20 U.S.C. 1091(r)(1)) is amended by striking everything preceding the table and inserting the following:“(1) In general.—A student who is convicted of any offense under any Federal or State law involving the possession or sale of a controlled substance for conduct that occurred during a period of enrollment for which the student was receiving any grant, loan, or work assistance under this title shall not be eligible to receive any grant, loan, or work assistance under this title from the date of that conviction for the period of time specified in the following table:”.