; and (2) by adding at the end the following: (o) Under such regulations as the Office of Personnel Management may prescribe, an individual who has completed a satisfactory full term of service as a Peace Corps volunteer, as determined under Executive Order No. 11103, shall be eligible for appointment in the Federal competitive service as described under such order. . (c) Internal Revenue Code of 1986 (1) In general Section 117 of the Internal Revenue Code of 1986, as amended by the preceding provisions of this Act, is amended by adding at the end the following new subsection: (f) Peace Corps loan repayments Gross income shall not include any loan repayment described in section 5(d) of the Peace Corps Act. . (2) Effective Date The amendment made by this subsection shall apply to taxable years ending after the date of the enactment of this Act. 5. Public service programs (a) Stafford Loan Forgiveness Title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) is amended— (1) in section 428J(c) ( 20 U.S.C. 1078–10(c) )— (A) in paragraph (1), by striking $5,000 and inserting $21,970.46 ; and (B) by striking paragraph (3); and (2) in section 460(c) ( 20 U.S.C. 1087j(c) )— (A) in paragraph (1), by striking $5,000 and inserting $21,970.46