The Chronicle of Higher Education reports that students who took out loans this fall to attend colleges that have been closed temporarily by Hurricanes Katrina and Rita would not have to repay them, under a bill (H.R. 3975) introduced on Thursday by Republican lawmakers on the U.S. House of Representatives education committee.  As currently written, however, the bill would not exempt the students from having to report discharge of indebtedness income under § 61(a)(12).