Pay Down, Upskill Act of 2021 2021-10-08 Introduced in House Pay Down, Upskill Act of 2021

This bill establishes the Pay Down or Upskill Education Benefit Program through which the Department of Education (ED) must provide an education benefit of up to $10,000 to each eligible individual. Eligible individual refers to an individual who (1) is at least 18 years old but less than 65 years old, and (2) received a certain recovery rebate in 2021.

Specifically, the bill requires ED to provide an education benefit to an eligible individual to (1) repay all or part of the individual's qualifying student loans, or (2) pay all or part of the individual's qualified educational expenses (i.e., tuition and fees for an education or training program that results in a recognized postsecondary credential).

ED must prescribe regulations for returning an education benefit when the individual withdraws or fails to complete enrollment for the individual's education or training program.

]]> 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 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.