3.0.0 3760 2023-01-11T13:42:39Z 2023-01-11T13:42:39Z Senate S 2020-05-19 116 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2020-05-19T16:54:36Z Strengthening Loan Forgiveness for Public Servants Act 116 3096 HR 2019-06-04 Referred to the House Committee on Education and Labor. Related bill CRS Protecting Access to Loan Forgiveness for Public Servants During the COVID–19 Pandemic Act 116 7761 HR 2020-07-23 Referred to the House Committee on Education and Labor. Related bill CRS 2020-05-19 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2020-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2020-05-19 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2020-05-19 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2020-05-19 True S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2020-05-19 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2020-05-19 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2020-05-19 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2020-05-19 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2020-05-19 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2020-05-19 True Education Cardiovascular and respiratory health Emergency medical services and trauma care Government employee pay, benefits, personnel management Government information and archives Health personnel Higher education Infectious and parasitic diseases Interest, dividends, interest rates Law enforcement officers Military personnel and dependents Nursing Social work, volunteer service, charitable organizations Student aid and college costs Teaching, teachers, curricula Unemployment Education 00 2020-05-19 Introduced in Senate 2021-01-27T17:06:02Z Strengthening Loan Forgiveness for Public Servants During the COVID-19 Crisis Act

This bill revises the Public Service Loan Forgiveness (PSLF) program to provide for partial loan cancellation based on the length of public service employment. It also allows public service employees who are impacted by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to continue to participate, without disruption, in the PSLF program.

First, the bill directs the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on Federal Direct Loans made after the bill's enactment.

In addition, an individual who was employed in a public service job and who experiences lapse in employment (e.g., a furlough, a layoff, or the individual's resignation due to illness or caregiving responsibilities) because of the COVID-19 public health emergency may continue to participate in the PSLF program without disruption. The bill treats such an individual as employed in a public service job during the emergency and deems a monthly payment made by the individual as a qualifying monthly payment toward loan cancellation under the PSLF program. However, unless the individual would have completed requirements for partial or full loan cancellation during the public health emergency, the individual must resume employment in a public service job within six months after the end of the emergency.

Finally, ED must develop and make available guidance related to certain assistance provided by the bill.]]> Strengthening Loan Forgiveness for Public Servants During the COVID–19 Crisis Act Display Title Strengthening Loan Forgiveness for Public Servants During the COVID–19 Crisis Act Short Title(s) as Introduced Strengthening Loan Forgiveness for Public Servants During the COVID–19 Crisis Act Introduced in Senate IS Official Title as Introduced A bill to amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3760is/xml/BILLS-116s3760is.xml 2020-05-19 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.