Public Service Appreciation Through Loan Forgiveness Act

Public Service Appreciation Through Loan Forgiveness Act

This bill requires the Department of Education (ED) to implement a partial student loan forgiveness reduction schedule and conduct awareness activities relating to the Public Service Loan Forgiveness (PSLF) program.

Specifically, ED must

• implement a public service loan forgiveness reduction schedule to cancel principal and interest due on Federal Direct Loans based on the number of payments made by the borrower,
• develop informational materials relating to the eligibility requirements of the PSLF program,
• make the informational materials available on its website and conduct outreach to not-for-profit institutions and government organizations about the availability of these materials, and
• establish an online portal for borrowers to submit employment certification forms.