A bill to improve the public service loan forgiveness program.
PSLF Technical Corrections Act of 2019
This bill revises the Public Service Loan Forgiveness (PSLF) program under the Federal Direct Loan program.
Under current law, the PSLF program forgives the balance of a borrower's student debt after the borrower makes 120 qualifying loan payments under specified repayment plans while employed in a public service job. The bill expands the program to include payments under graduated or extended plans as payments that qualify a borrower for loan forgiveness under the PSLF program.
The bill requires the Department of Education (ED) to provide each borrower who has submitted a certification of employment under the PSLF program with a notification related to changes made to the program and a calculation of the borrower's monthly payments that count toward loan forgiveness.
It also requires ED to establish a dispute resolution process.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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