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, to receive loan forgiveness under this bill, a borrower must (1) make 120 monthly loan payments under a specified repayment plan while employed full-time at a qualified farm or ranch; and (2) fall within certain categories of individuals such as a beginner farmer or rancher, an individual underrepresented in the agricultural profession, or a veteran farmer or rancher.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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