To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes.
Strengthening Loan Forgiveness for Public Servants Act
This bill directs the Department of Education to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on a federal student loan made after this bill's enactment. Currently, the loan is forgiven if the borrower is not in default and has made 120 monthly payments on such loan while employed as a public service employee.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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