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.
Public Service Pays Off Act
This bill requires the Department of Education to incrementally cancel a percentage of the obligation to repay the balance on eligible Federal Direct Loans for a borrower who, while employed in public service, makes qualifying payments for 2, 4, 6, 8, and 10 years.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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