3.0.0 2478 2023-01-01T23:42:45Z 2023-01-01T23:42:45Z Senate S 2021-07-27 117 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2021-07-27T19:01:44Z Strengthening Loan Forgiveness for Public Servants Act 117 4724 HR 2021-07-27 Referred to the House Committee on Education and Labor. Identical bill CRS 2021-07-27 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2021-07-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2021-07-27 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2021-07-27 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2021-07-27 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2021-07-27 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2021-10-06 False Education Education 00 2021-07-27 Introduced in Senate 2021-08-23T23:49:40Z Strengthening Loan Forgiveness for Public Servants 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.

Specifically, 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. Under the current PSLF program, ED must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job.

]]> Strengthening Loan Forgiveness for Public Servants Act 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 Display Title Strengthening Loan Forgiveness for Public Servants Act Short Title(s) as Introduced Strengthening Loan Forgiveness for Public Servants Act Introduced in Senate IS Introduced in Senate 2021-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2478is/xml/BILLS-117s2478is.xml 2021-07-27 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.