A bill to amend the Higher Education Act of 1965 with respect to the qualifications of foreign schools.

Became Public Law No: 108-98.

Amends the Higher Education Act of 1965 to revise requirements for the qualification of foreign medical or veterinary schools to participate in title IV part B Federal Family Education Loan Program.Exempts graduate medical schools or veterinary schools located outside the United States from a requirement that they be a public or other nonprofit institution in order to qualify. Retains certain requirements for foreign medical schools, but no longer applies these to foreign veterinary schools. Requires the students of a foreign veterinary institution that is neither public nor nonprofit to complete their clinical training at an approved veterinary school located in the United States. (Current law applies the latter requirement to all foreign veterinary schools.)