To update the income-driven repayment plans and the public service loan forgiveness program under the Higher Education Act of 1965, and for other purposes.
Student Loan Borrower Relief Act
This bill revises income-driven repayment plans for federal student loans, including by reducing from 25 years to 15 years the maximum repayment period under these plans. Additionally, the bill makes changes to the Public Service Loan Forgiveness program, including by cancelling a portion of a borrower's student loans after every 12 months of eligible public service employment.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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