A bill to establish a student loan forgiveness plan for certain borrowers who are employed at a qualified farm or ranch.
Student Loan Forgiveness for Farmers and Ranchers Act
This bill establishes a student loan forgiveness program for certain farmers or ranchers.
Specifically, it requires the Department of Education to cancel the balance of interest and principal due on a borrower's Federal Direct Loans after such borrower makes 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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