To amend the Higher Education Act of 1965 to modernize and improve the public service loan forgiveness program, and for other purposes.
Public Service Loan Forgiveness Modernization Act or the PSLF Modernization Act
This bill revises provisions related to the public service loan forgiveness program.
Specifically, the bill requires the Department of Education (ED) to establish a comprehensive database identifying each qualified public service employer and each position offered by such employer that is a public service job. ED must also establish a process whereby an employer may submit a certification that it is a qualified public service employer.
In addition, the bill prohibits ED from requiring a borrower to apply for and be denied loan cancellation pursuant to the public service loan forgiveness program as a condition of eligibility for loan forgiveness under the Temporary Expanded Public Service Loan Forgiveness program. ED must also develop and make publicly available an online tool where borrowers may learn more about the expanded program, determine their eligibility for forgiveness, and identify any requirements for participation.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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